651 W Devonshire Avenue Hemet, CA ^$ 888,000

651 W Devonshire Avenue

^$ 888,000

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651 W Devonshire Avenue

Hemet, CA, 92543

^$ 888,000

Studio Baths1.0 Sq 3,375

Monthly Estimate*

^$ 5,540

Listed by Coldwell Banker Realty

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Studio

Multi-Family Home for sale in Hemet, CA

for $888,000 with 1 full bath. This 3,375 square foot home was built in 1974 on a lot size of 0.31.

This Fourplex is located in the center of Hemet and provides a great investment opportunity. There are 3 units with 2 bedrooms and 1 bath and 1 unit with 2 bedrooms and 2 baths.The upstairs unit has a balcony and the lower units have a private patio. The property is located on a prime lot at the corner of Tahquitz and Devonshire. There is a large included open land area between this property and the adjacent property that could be developed or used for additional parking.

Multi-Family Active

Price

^$ 888,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.31

Year Built

1974

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

NP25137408

Days on Market

117

Features

General

Sewer Public Sewer

Heating Central

Cooling Wall/Window Unit(s)

Zoning R3

HOA Fee 0

Garage Spaces 4

Pool Features None

Year Built 1974

Tenant Pays Electricity Gas

View Neighborhood

Stories Count 1

Levels One

Property Subtype Quadruplex

Gross Income 52800

Community Features Curbs Street Lights Sidewalks

County Riverside

Net Operating Income 40886

Operating Expense 11114

Insurance Expense 1336

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions Cross Streets: Florida/Tahquitz

City Hemet

Entry Location First Level

Senior Community Y/N 0

Open Parking Spaces 8

Number Of Units Total 4

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 13504

Number of Units Leased 4

Listing Terms Cash Conventional

Spa Features None

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 1450

Water Sewer Expense 4848

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 6

Total Actual Rent 52800

Property Sub Type Additional Quadruplex

Taxes 2820

Interior

Fireplace Features None

Total Stories 2

Common Walls 2+ Common Walls

Air Conditioning Y/N 1

Heating Y/N 1

Fireplace Y/N 0

Laundry Features Common Area Laundry Room

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre Yard

Water Source Public

Total Parking 12

Lot Size Area 13504

Number of Buildings 1

Spa 0

Building Area Total 3375

Lot Size Acres 0.31

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 5

* Excluded Features

List By

Coldwell Banker Realty

Broker

sdiamond@diamondsvc.com

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$5,540

Per Month

Monthly Principal & Interest: $5,540
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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 ^$791,029

Percent of Sale Price 11%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$888,000		Listed Price

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651 W Devonshire Avenue, Hemet, CA, 92543 is a Multi-Family Home for sale at $888,000 with 3,375 sqft and a lot size of 0.31. 651 W Devonshire Avenue is a studio with 1.0 baths and was built in 1974. The property's zip code is 92543 which is in Hemet, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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 12/15/2025. 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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651 W Devonshire Avenue

Multi-Family Home for sale in Hemet, CA

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