43611 State Highway 74 Hemet, CA ^$ 2,295,000

43611 State Highway 74

^$ 2,295,000

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43611 State Highway 74

Hemet, CA, 92544

^$ 2,295,000

Bedrooms17 Baths6.0 Sq 10,000

Monthly Estimate*

^$ 15,253

Listed by Kimmell-Anderson Property Mng.

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Multi-Family Home for sale in Hemet, CA

for $2,295,000 with 17 bedrooms and 6 full baths. This 10,000 square foot home was built in 1964 on a lot size of 0.31.

Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds, etc. One apartment has an AC unit less than a year old. The gated pool was remodeled with new plaster, new handrails, pump, etc. at the end of 2021. Convenient to shopping and Ramona Expressway.

Multi-Family Active

Price

^$ 2,295,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.31

Year Built

1964

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

SW23047527

Days on Market

451

Features

General

Sewer PublicSewer

Zoning C-P-S

HOA 0.0

Garage Spaces 0.0

Pool Features Community

Year Built 1964

Tenant Pays SeeRemarks TrashCollection

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 173316.0

Community Features Sidewalks Pool

County Riverside

Net Operating Income 128333.0

Operating Expense 44983.0

Insurance Expense 5047.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions East on Florida Ave. Past New Chicago. Right on Golden Way. Complex on left behind 43613 Florida Ave.

City Hemet

View Y/N N

Senior Community Y/N N

Open Parking Spaces 7.0

NumberOfUnitsTotal 10

MLS Area SRCAR - Southwest Riverside County

Lot Size Units SquareFeet

Lot Size Square Feet 13504.0

Private Pool N

Waterfront Y/N N

Carport Spaces 10.0

Carport Y/N Y

Number of Units Leased 9

Listing Terms CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 2220.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 6000.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 365

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 70

Total Actual Rent 165108.0

Property Sub Type Additional MixedUse

Cap Rate 4.75

Exterior

Parking Features AttachedCarport Assigned DetachedCarport

Water Source Public

Total Parking 17.0

Lot Size Area 13504.0

Number of Buildings 1

Spa N

Building Area Total 10000.0

Lot Size Acres 0.31

Lot Size Source Assessor

Pool Charge 3133.0

Number of Separate Water Meters 1

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea

Electric On Property Y/N N

Internal Only

Street Number 1 43611

* Excluded Features

List By

Kimmell-Anderson Property Mng.

Broker

(951) 929-7651

Phone

Affordability Calculator

$15,253

Per Month

Monthly Principal & Interest: $15,253
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Hemet, CA

Average List Price ^$839,405

Percent of Sale Price 63%

About Hemet, CA

83,932 Population

39% Since 2002

^$36,927 Median Income

38.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/26/2024	$2,295,000	-8.16%	Price Down
6/22/2023	$2,499,000	-7.44%	Price Down
3/24/2023	$2,699,999		Listed Price

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43611 State Highway 74, Hemet, CA, 92544 is a Multi-Family Home for sale at $2,295,000 with 10,000 sqft and a lot size of 0.31. 43611 State Highway 74 has 17 bedrooms, 6.0 baths, and was built in 1964. The property's zip code is 92544 which is in Hemet, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/17/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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43611 State Highway 74

Multi-Family Home for sale in Hemet, CA

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