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.
Property Details
Property Features
Property Information:
Year Built: 2008
Stories: 2
Listing Office:
Office Name: Ricky&Jessie Realty
Office Phone: (213) 249-3255
Listing Agent: Yuan Le
Exterior Features
Exterior Information:
Private Pool: Yes
Parking Information:
Garage Space: 2 spaces
Utilities
Utilities Information:
Heating: Central
Other
Directions Information:
Directions: Madrid St & Anchorage St
Price Information
Listing Price Info
Price Summary:
List Price: $6,200,000
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Housing Market Comparison
See how this home compares to others in Hemet, CA.
This property is $5.7M more than the Median Sold Price in Hemet, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #TR24193765
Listing Office:
Office Name: Ricky&Jessie Realty
Office Phone: (213) 249-3255
Listing Agent: Yuan Le
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Cawston Elementary School
4000 W Menlo Ave
Distance between this listing and this school0.51 miles
Public District Grades KG-5
5
/10
Fruitvale Elementary School
2800 W Fruitvale Ave
Distance between this listing and this school0.86 miles
Public District Grades KG-5
4
/10
Harmony Elementary School
1500 S Cawston Ave
Distance between this listing and this school2.13 miles
Public District Grades KG-5
Nearby Schools
4
/10
Rancho Viejo Middle School
985 N Cawston Ave
Distance between this listing and this school0.86 miles
Public District Grades 6-8
3
/10
Acacia Middle School
1200 E Acacia Ave
Distance between this listing and this school2.89 miles
Public District Grades 6-8
3
/10
Diamond Valley Middle School
291 W Chambers Ave
Distance between this listing and this school3.00 miles
Public District Grades 6-8
Nearby Schools
5
/10
Tahquitz High School
4425 Titan Trl
Distance between this listing and this school1.21 miles
Public District Grades 9-12
5
/10
West Valley High School
3401 Mustang Way
Distance between this listing and this school2.25 miles
Public District Grades 9-12
2
/10
Alessandro High School
831 E Devonshire Ave
Distance between this listing and this school2.62 miles
The neighbors living near this home have an average income of $58,660. Most Hemet, CA residents have annual incomes between $35k-100k. The majority of families are married, with kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3626 W Devonshire Ave
What is the listing price of this property?
The listing price of 3626 W Devonshire Ave property is $6,200,000.
What type of property is this?
The property 3626 W Devonshire Ave is a condo located in Hemet, California, 92545.
Is this property for sale now?
Active Listing: 3626 W Devonshire Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 3626 W Devonshire Ave is 2008.
Interested in 3626 W Devonshire Ave? Let's connect.
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This home is located at 3626 W Devonshire Ave in Hemet, CA and zip code 92545. This home was built in 2008. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $6,200,000.
Over 36 listings were sold over their listed price in November 2024 in Hemet, CA. In the same period over 27 listings were sold below the listed price and 38 listings were sold for the listed price. Between October 2024 and November 2024, Hemet, CA real estate market has seen decrease in the number of listings by 5.6%. In November 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $450,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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