2100 S State Street, Hemet, California 92543, Hemet, 92543 - bed, bath

2100 S State Street, Hemet, California 92543 home-pic-0
ACTIVE$2,000,000
2100 S State Street, Hemet, California 92543
0Bed
0Bath
10,000Sqft
2,744,280Lot
Year Built
2009
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$200
HOA
-
Days on market
-
Sold On
-
MLS number
SW25126206
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

Welcome to a one-of-a-kind real estate investment opportunity that includes two parcels being sold together. 2100 S State St offers nearly 33 acres of usable land zoned residential, while 2200 S State St includes 30 acres zoned recreational bringing this to a combined 63 acres! This rare combination of residential and recreational land presents endless potential for development or investment. Don’t miss your chance to secure this unique offering!. Property contains 7 structures. Three singe family residences. One large 2 story 10 bedroom 5 bathroom single family home (Fully remodeled and is rented for $10,000). It was used previously group home living, previously operated as a Mental Health Rehab Facility. You can operate assisted living business, use it as residential or develop the land into a mobile home park or a large residential development. One 5 bedroom 2 bathroom large single story house (fully remodeled and is rented for $3000 rent per month) and One 2 bedroom 1 bath home (fully remodeled and rented for $1895) Additionally there are four manufactured classroom style structures on the property that can be converted into Single family cottages . All 3 residential buildings include commercial fire sprinkler system and fire alarm. There are two meters for electricity. There is city water and a working well system in place. Multiple fire hydrants on site and 3 inch city water supply line has been installed. Handicap Parking and accessibility ramps through out the property. Designate few acres for RV Boat Rental as as Diamond lake is 5 minutes from this property. This property allows multiple oppurtunties, come make it yours!

Price History

Date
Event
Price
06/07/25
Listing
$2,000,000
Condition Rating
Excellent

The property, built in 2009, is explicitly described as 'fully remodeled' for all three residential buildings, which is strongly supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, and recessed lighting, appearing new or virtually new. Throughout the visible interiors, there is new-looking laminate/LVP flooring and contemporary light fixtures (e.g., sputnik chandeliers). The overall aesthetic is fresh, clean, and up-to-date, indicating a recent and extensive renovation. All components appear to meet current quality standards with no visible deferred maintenance, making it move-in ready and aligning with the 'excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Extensive & Versatile Acreage: A rare offering of 63 combined acres with both residential and recreational zoning, providing unparalleled flexibility for diverse development and investment strategies.
Significant Immediate Rental Income: Three fully remodeled single-family residences are currently generating a substantial $14,895 in monthly rental income, offering immediate cash flow and investment return.
Diverse Development & Business Potential: The property's zoning and existing infrastructure support a wide range of uses, including large-scale residential development, mobile home park, assisted living facility, or recreational ventures like RV/boat storage, appealing to various investor profiles.
Comprehensive On-Site Infrastructure: Equipped with commercial fire suppression systems, dual electricity meters, city water, a private well, and robust water supply lines, significantly reducing future development and operational costs.
Adaptable Existing Structures: Beyond the three income-generating homes, four manufactured classroom structures offer conversion potential into additional residential units, maximizing the property's capacity and value.

Cons

Location-Specific Market Limitations: Hemet's market dynamics may not support the highest per-acre valuations or rapid appreciation seen in more densely populated or high-growth California regions, potentially impacting long-term investment returns.
Complex Development & Management: The multi-faceted nature of the property, with its mixed zoning and diverse development potential, necessitates significant capital, specialized permits, and sophisticated management expertise, which could be a barrier for some investors.
Niche Market Demand for Specialized Uses: While versatile, the success of specialized ventures like assisted living or large-scale mobile home parks is highly dependent on specific local market demand and regulatory environments, requiring extensive due diligence.

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