962 Monarch Hemet, CA $ 998,000
962 Monarch
$ 998,000
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962 Monarch

Hemet, CA, 92543
$ 998,000
Baths2.0 Sq 4,138

Monthly Estimate*

$ 6,145

Listed by Exit Alliance Realty
962 Monarch, Hemet, CA 92543 - Image 1
962 Monarch, Hemet, CA 92543 - Image 2
962 Monarch, Hemet, CA 92543 - Image 3
962 Monarch, Hemet, CA 92543 - Image 4
962 Monarch, Hemet, CA 92543 - Image 5
962 Monarch, Hemet, CA 92543 - Image 6
Studio

Multi-Family Home for sale in Hemet, CA

for $998,000 with 2 full baths. This 4,138 square foot home was built in 1980 on a lot size of 0.26.

Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.

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Multi-Family Active

Price

$ 998,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.26

Year Built

1980

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

SW26090634

Days on Market

1

Features
General
Sewer Public Sewer
Heating Central
Utilities Electricity Connected Sewer Connected Water Connected
Garage Spaces 4
Pool Features None
Year Built 1980
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 82200
Community Features Biking Curbs Storm Drain(s) Street Lights Sidewalks
County Riverside
Net Operating Income 64201
Operating Expense 17999
Insurance Expense 2985
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions FROM 79 HWY Turn R Domenigoni Pkwy. L State St. R onto E Johnston R onto Monarch.
City Hemet
Entry Location Main Level
Senior Community Y/N false
Number Of Units Total 4
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 11326
Number of Units Leased 4
Listing Terms Cash Cash to Existing Loan Cash to New Loan Contract Submit
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 1496
Water Sewer Expense 4200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 13
Total Actual Rent 82200
Property Sub Type Additional Quadruplex
Taxes 8838
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Interior
Interior Amenities All Bedrooms Down
Flooring Tile
Total Stories 1
Common Walls No Common Walls
Heating Y/N true
Laundry Features Inside
Entry Level 1
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Exterior
Parking Features Direct Access Garage On Street
Lot Features 2-5 Units/Acre Back Yard Desert Front Landscaped Street Level
Water Source Public
Total Parking 4
Lot Size Area 11326
Number of Buildings 1
Building Area Total 4138
Lot Size Acres 0.26
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Exit Alliance Realty

Broker

CyndiMitchellproperties@gmail.com

Email

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Monthly Principal & Interest
$6,145
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2026$998,000 Listed Price

Map


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962 Monarch, Hemet, CA, 92543 is a Multi-Family Home for sale at $998,000 with 4,138 sqft and a lot size of 0.26. 962 Monarch is a studio with 2.0 baths and was built in 1980. The property's zip code is 92543 which is in Hemet, CA