0 California Ave 465020005
Hemet, CA, 92545
$5,500,000
Beds
0 Baths
SqFt
25.7 Acres
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*** Lucrative Investment Opportunity!*** Now available— TWO PREMIUM PARCELS: 465-020-004 and 465-020-005 are located in the highly desirable area of West Hemet, Riverside County. Situated near the intersection of Florida Ave (Hwy 74) and California Ave, these parcels present a rare opportunity for multi-family development or other high-demand mixed-use projects. Zoning: Currently RT20,000 &#38' RA (Residential Agricultural) Potential for Multifamily Development — Rezoning to Zones 4 and 5 in process. Seller will complete rezoning prior to close of escrow. Land Use: Designated as Mixed Use (MU). Utilities to site: electricity &#38' gas, 12” waterline &#38' 24” recycled waterline, 21” sewer line (Stetson Ave) &#38' 15” sewer line (Florida Ave). Dual paved access roads (north and south. Signalized intersection at California Ave &#38' Hwy 74 nearby. Easy connectivity to Hwy 74 and Hwy 79. Breathtaking views of the surrounding hills and mountains. Minutes from: Diamond Valley Lake, Four Seasons Golf Course, Florida Promenade Shopping Center, Hemet Auto Mall and Hemet-Ryan Airport. In proximity to established residential and commercial developments. BUYER TO VERIFY ALL INFORMATION with the county of Riverside, all utility providers and other regulatory agencies. Asking price is for both parcels.

Property Details

Price:
$5,500,000
MLS #:
OC25110515
Status:
Active
Baths:
0
Address:
0 California Ave 465020005
Type:
Land
Neighborhood:
srcarsouthwestriversidecounty
City:
Hemet
Listed Date:
May 19, 2025
State:
CA
ZIP:
92545
Lot Size:
1,119,492 sqft / 25.70 acres (approx)
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Community Features
B L M/ National Forest, Fishing, Foothills, Golf, Hiking, Lake, Rural, Valley
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None
Lot Features
Corner Lot
View
City Lights, Mountain(s)
Water Source
Public

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0.00
Utilities
Electricity Available, Phone Available, Sewer Available, Water Available

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0 California Ave 465020005
Hemet, CA