Hemet, CA 92545,3626 W Devonshire AVE
Hemet, CA 92545,3626 W Devonshire AVE
Hemet, CA 92545,3626 W Devonshire AVE
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$6,200,000
Est. payment /mo
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1 SqFt
Active

3626 W Devonshire AVE Hemet, CA 92545

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UPDATED:

09/30/2024 06:05 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $6,200,000

MLS Listing ID TR24193765

HOA Y/N No

Year Built 2008

Property Description

This multi-parcel offering includes a fully-leased, 20-unit condominium complex within a gated community, as well as an adjacent 5.41-acre parcel of vacant land, primed for future development. With the potential to expand the site to accommodate up to 98 apartment units (buyer to verify), this property offers both immediate cash flow and significant development potential.

Hemet, located in Riverside County, is a rapidly growing city known for its welcoming community and picturesque surroundings. With its strategic location near key Southern California markets and increasing demand for housing, Hemet is undergoing substantial growth and development, making it an ideal environment for real estate investment.

The well-maintained property boasts desirable amenities, including a community swimming pool, clubhouse, and secure gated access. Ownership has made substantial capital investments to ensure the property?s condition remains in top form, further enhancing its appeal to both residents and investors.

Situated at 3626 W Devonshire Ave, this stable, income-generating asset in the Inland Empire region offers a promising return on investment. Whether you are a first-time investor entering the market, an experienced investor looking to expand your portfolio, or considering a 1031 Exchange, this property presents an exceptional opportunity for stability, growth, and long-term value.

Location

State CA

County Riverside

Area 699 - Not Defined

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating Central

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool Fenced, Private

Community Features Street Lights

Total Parking Spaces 2

Private Pool Yes

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 448231001

Energy Description 4934.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No


California Regional MLS (CRMLS)
Listed by Yuan Le • Ricky&Jessie Realty • 213-249-3255

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3626 W Devonshire AVE