227 N Alessandro Hemet, CA ^$ 499,900

227 N Alessandro

^$ 499,900

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Recently Listed

227 N Alessandro

Hemet, CA, 92543

^$ 499,900

Studio Baths1.0 Sq 2,097

Monthly Estimate*

^$ 3,156

Listed by CALIFORNIA DREAM REALTY

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Studio

Multi-Family Home for sale in Hemet, CA

for $499,900 with 1 full bath. This 2,097 square foot home was built in 1978 on a lot size of 0.15.

Discover this charming 3-unit apartment building in the peaceful, well-established neighborhood of Helmet, offering a fantastic investment opportunity. Located in a quiet area yet close to everything—shops, parks, public transportation—this property features long-term, reliable tenants and low-maintenance living. Perfect for investors seeking steady rental income and appreciation in a desirable location, this complex combines comfort, convenience, and great potential for growth. Don’t miss out on owning a piece of Helmet’s thriving community—schedule a viewing today!

Multi-Family Active

Price

^$ 499,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1978

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

WS26181784

Days on Market

Features

General

Sewer Public Sewer

Heating Central

Zoning R3

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1978

Stories Count 1

Levels One

Property Subtype Apartment

Gross Income 35460

Community Features Curbs

County Riverside

Net Operating Income 26489

Operating Expense 8971

Insurance Expense 1200

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 2500

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Cross street - Devonshire Ave.

City Hemet

Entry Location 1

Senior Community Y/N false

Number Of Units Total 3

MLS Area SRCAR - Southwest Riverside County

Lot Size Units Square Feet

Lot Size Square Feet 6534

Carport Spaces 6

Carport Y/N true

Listing Terms 1031 Exchange

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 600

Fuel Expense 0

Trash Expense 720

Water Sewer Expense 1440

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 19

Property Sub Type Additional Apartment

Taxes 1351

Interior

Total Stories 1

Common Walls 2+ Common Walls

Heating Y/N true

Laundry Features Electric Dryer Hookup Gas Dryer Hookup

Entry Level 1

Exterior

Lot Features 2-5 Units/Acre

Water Source Public

Total Parking 6

Lot Size Area 6534

Number of Buildings 1

Building Area Total 2097

Lot Size Acres 0.15

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

* Excluded Features

List By

California Dream Realty

Broker

caldream8@gmail.com

Affordability Calculator

$3,156

Per Month

Monthly Principal & Interest: $3,156
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$807,028

Percent of Sale Price 61%

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
8/19/2026	$499,900		Listed Price

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227 N Alessandro, Hemet, CA, 92543 is a Multi-Family Home for sale at $499,900 with 2,097 sqft and a lot size of 0.15. 227 N Alessandro is a studio with 1.0 baths and was built in 1978. 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 6.49% 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 8/24/2026. 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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227 N Alessandro

Multi-Family Home for sale in Hemet, CA

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