191 N Inez St Hemet, CA $ 749,999
191 N Inez St
$ 749,999
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191 N Inez St

Hemet, CA, 92543
$ 749,999
Bedrooms-- Baths1.0 Sq 2,000

Monthly Estimate*

$ 4,736

Listed by Ramiro Jr Montes-Ortiz, Berkshire Hathaway HomeServices California Properties, Ramiro.Montes@bhhsCAproperties.com
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Multi-Family Home for sale in Hemet, CA

for $749,999 with 1 full bath. This 2,000 square foot home was built in 1964 on a lot size of 0.13.

LOCATION, LOCATION, LOCATION Offered at $749,999 with a cap rate of 7.2% The property features four separate apartment units totaling 2,000 square feet of living space, fully fenced with private patios for each unit + 6 parking spaces, providing strong rental income. Two of the four units have undergone major remodels, with Units A & D completely remodeled as of Aug 2026, from top to bottom, new kitchen cabinets, new flooring, new walls, fresh paint, new bathrooms including toilets, vanitiy, fixtures, new closets, front doors, ceiling fans, screens, fresh exterior paint as of Aug 2026 and more! Creating a fresh, modern ambience. This extensive renovation provides a significant advantage for both attracting quality tenants and positioning the property for strong rental income. Located approximately 1 mile from Downtown Hemet and a 7 minute walk from the Hemet Police Dept, a 3 min drive from Hemet Elementary School, and a 3 min drive from Hemet Adult School. This property offers convenient access to shopping, dining, schools, parks, entertainment, and everyday amenities with strong tenants. But wait, there is more! 191 N Inez comes with a pest control contract up to Dec 2026 FULLY PAID. Don’t miss this opportunity to own a substantially improved four-unit property in a convenient Hemet location. This four-unit multifamily property presents an excellent opportunity for investors or first time buyers seeking an income-producing asset in an established Hemet location.

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Multi-Family Active

Price

$ 749,999

Full Bath

1

Property Type

Multi-Family

Taxes

$ 5,650

Style

Lot Size

0.13

Year Built

1964

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

SW26190122

Days on Market

38

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Asphalt
Appliances Gas Range Microwave Refrigerator Water Heater
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1964
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 67200
Community Features Storm Drain(s) Street Lights Suburban Sidewalks
County Riverside
Net Operating Income 54204
Operating Expense 12996
Insurance Expense 1956
New Construction false
Property Type Residential Income
HOA false
Contingency All property information including building square footage unit square footage lot size dimensions and other property measurements is deemed to be accurate to the best of the Listing Agent’s knowledge and based on available information. However agents and prospective buyers are solely responsible for conducting their own independent due diligence and verifying all property information through the appropriate public records permits assessor records surveys inspections and/or other reliable sources. Buyer and buyer’s agent are advised to independently verify square footage lot size zoning permitted use and other property characteristics.
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions FLORIDA/ NORTH INEZ/ LATHAM
City Hemet
Entry Location front/rear
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 4
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Acres
Lot Size Square Feet 5662.8
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional Cal Vet Loan 1031 Exchange FHA
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 5650
Current Financing Cal Vet Loan Conventional FHA VA
Trash Expense 1200
Water Sewer Expense 5400
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 019
Total Actual Rent 5600
Property Sub Type Additional Quadruplex
Expected Active Date 2026-09-10
Cap Rate 7.2
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Interior
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Exterior Amenities Rain Gutters
Fencing Cross Fenced Good Condition
Parking Features Assigned
Lot Features Corner Lot Front Yard
Total Parking 6
Lot Size Area 0.13
Number of Buildings 1
Building Area Total 2000
Lot Size Acres 0.13
Private Pool false
Lot Size Source Public Records
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
Ramiro Jr Montes-Ortiz

Listing Agent

Berkshire Hathaway Homeservices California Properties

Broker

Ramiro.Montes@bhhsCAproperties.com

Email

Affordability Calculator

$5,206
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,736
Monthly Property Taxes
$471
Monthly 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$749,999 Listed Price

Map


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191 N Inez St, Hemet, CA, 92543 is a Multi-Family Home for sale at $749,999 with 2,000 sqft and a lot size of 0.13. 191 N Inez St has 1.0 baths and was built in 1964. The property's zip code is 92543 which is in Hemet, CA