401 N Santa Fe Street Precious Investment Opportunity in a medium sized high density apartment community! Preliminary approval projects of 60 apartments and up to 74 units buildable according the maximum right of R-3 Zoning. The property has an approximately 2.47AC (107, 519 sqft) entirely flat land, located at the heart of City of Hemet, and frontage on both Santa Fe Street and E Central Avenue, rectangular shape. The project been designed to 1bed/1bath 10%, 3bed/2bath 10%, and 2bed/2bath 80%, and is on the stage of approaching fully entitlement approval by the planning department in the next 2-3 month. Fully approval of entitlement may be deliverbales by the owner, depends on the terms.