
San Jacinto, California 92583
This Value-Add Development Asset is listed at $395,000, representing a strategic entry into the San Jacinto market. While the structure carries a Condition Rating of 5, the primary value lies in the expansive 12,197 Sq. Ft. Corner Lot and its premium R3 Zoning. This designation allows for high-density multi-unit redevelopment or significant expansion within the Hemet Unified School District. Featuring Scenic Mountain Views, the property offers immediate utility as a rental or interim residence while exploring future density. This high-utility land opportunity is ideal for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 802 E Main Street Subject | $395,000* List Price | 2 | 1 | 1,104 | $305 | - |
A 642 S Rosario Sold | $415,000 | 3 | 1 | 1,104 | $376 | 0.2 mi |
B 1584 Napoli Way Sold | $485,000 | 3 | 2 | 1,397 | $347 | 1.0 mi |
C 623 S Mistletoe Avenue Active | $369,999 List Price | 3 | 1 | 1,100 | $336 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 (79 years old) with no mentioned renovations, this property falls into the poor category. The listing's heavy emphasis on R3 zoning, redevelopment potential, and 'interim use' suggests the structure requires significant rehab or is being sold primarily for land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 1104.
The property is situated on a prime corner lot zoned R3, offering significant opportunities for expansion, multi-unit redevelopment, or maximizing density in a growing market.
Boasting over 12,000 square feet, the large, fully fenced lot provides ample space for outdoor activities, additional structures, or secure storage for vehicles and equipment.
Built in 1947, the home may require significant modernizations, system upgrades, or repairs to meet current building standards and contemporary buyer expectations.
With only two bedrooms and one bathroom in a 1,104 square foot layout, the current floor plan may be too restrictive for larger families or those seeking modern master suites.
Prime corner lot opportunity zoned R3, offering excellent potential for expansion, redevelopment, or additional units (buyer to verify). Currently featuring a 2-bedroom, 1-bath home situated on a large lot, this property includes a detached 2-car garage and is fully fenced for added privacy and flexibility. The existing home provides a functional layout and can serve as a primary residence, rental, or interim use while exploring future development possibilities. Located in a convenient area near shopping, dining, and major roadways, this property presents a rare chance to maximize value in a growing San Jacinto market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,104 | 1,535 | 15% |
| Lot Size | 12,197 | 7,405 | 90% |
| Price | $395.0K | $460.0K | 23% |
| Price per sq ft | $358 | $281 | 91% |
| Built year | 1947 | 1993 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 168 | 3% |
Apr 26, 2026
$395,000
Initial Listing
Jun 22, 2021
$195,000
Public Record