3626 W Devonshire Avenue, Hemet, CA 92545
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Listed Price :
$6,200,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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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.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
3626 W Devonshire Avenue |
| City |
Hemet |
| State |
CA |
| Zip |
92545 |
| County |
Riverside |
| Listing Agent |
Yuan Le DRE #01947274 |
| Co-Listing Agent |
Ricky Lee DRE #01932116 |
| Courtesy Of |
Ricky&Jessie Realty |
| List Price |
$6,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Condominium |
| Structure Size |
N/A |
| Lot Size |
1 |
| Year Built |
2008 |
Listing information courtesy of: Yuan Le, Ricky Lee, Ricky&Jessie Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
