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 1
MLS #
CRTR24193765
MLS Source
California Regional MLS
Days on Site
45
Appliances
Other
Heating
Central Forced Air
Garage/Parking
Garage: 2 Car(s)
Listing Agent
Yuan Le
Ricky&Jessie Realty
License #: 01947274
Phone: –
Co-Listing Agent
Ricky Lee
License #: 01932116
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
5 | 20 | – |
3626 W Devonshire Ave is a Residential Income in Hemet, CA 92545. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,200,000 and was built in 2008.
This address can also be written as 3626 W Devonshire Ave, Hemet, CA 92545.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of September 19, 2024. For the most current information, please contact Yuan Le