41588 Marine Hemet, CA ^$ 1,250,000

41588 Marine

^$ 1,250,000

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Recently Listed

41588 Marine

Hemet, CA, 92544

^$ 1,250,000

Studio Baths1.0 Sq 6,600

Monthly Estimate*

^$ 7,893

Listed by EXP REALTY OF CALIFORNIA INC

Studio

Multi-Family Home for sale in Hemet, CA

for $1,250,000 with 1 full bath. This 6,600 square foot home was built in 1964 on a lot size of 0.3421.

Rare opportunity to acquire 41588 & 41574 Marine Drive—two adjacent fourplexes being offered together for a total of 8 units. Each building features a desirable unit mix of spacious 2-bedroom, 1-bath apartments, making this an attractive addition to any investment portfolio. The properties offer a combined park-like setting with private courtyards, providing residents with outdoor space to relax, barbecue, and enjoy the surroundings. The separate parcel configuration provides flexibility for future ownership and financing options. Ideally located within walking distance to shopping, restaurants, schools, and everyday amenities, the property enjoys strong rental appeal and consistent occupancy.

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3421

Year Built

1964

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

IV26152939

Days on Market

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Utilities Sewer Connected

HOA Fee 0

Garage Spaces 8

Pool Features None

Year Built 1964

Stories Count 2

Levels Two

Property Subtype Mixed Use

Gross Income 0

Community Features Street Lights Sidewalks

County Riverside

Net Operating Income 76000

Operating Expense 40000

Insurance Expense 0

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 25000

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Hwy 74/Stanford Street

City Hemet

Entry Location Front

Senior Community Y/N false

Number Of Units Total 8

MLS Area SRCAR - Southwest Riverside County

Lot Size Units Square Feet

Lot Size Square Feet 14900

Listing Terms Cash Cash to New Loan Submit

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 1200

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 600

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Property Sub Type Additional Mixed Use

Cap Rate 6.1

Interior

Total Stories 1

Common Walls 1 Common Wall

Air Conditioning Y/N true

Heating Y/N true

Laundry Features Laundry Room

Entry Level 1

Exterior

Lot Features Street Level

Water Source Public

Total Parking 8

Lot Size Area 14900

Number of Buildings 2

Building Area Total 6600

Lot Size Acres 0.3421

Private Pool false

Lot Size Source Other

Number of Separate Water Meters 2

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

* Excluded Features

List By

Exp Realty Of California Inc

Broker

Drew@CobaltOnline.com

Affordability Calculator

$7,893

Per Month

Monthly Principal & Interest: $7,893
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$735,905

Percent of Sale Price 41%

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
7/14/2026	$1,250,000		Listed Price

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41588 Marine, Hemet, CA, 92544 is a Multi-Family Home for sale at $1,250,000 with 6,600 sqft and a lot size of 0.3421. 41588 Marine is a studio with 1.0 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 6.49% 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 7/14/2026. 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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41588 Marine

Multi-Family Home for sale in Hemet, CA

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