43763 State Highway 74 Hemet, CA $ 1,600,000
43763 State Highway 74
$ 1,600,000
Recently Listed
Share Save

43763 State Highway 74

Hemet, CA, 92544
$ 1,600,000
Baths1.0 Sq 4,827

Monthly Estimate*

$ 9,851

Listed by Allison James Estates & Homes
43763 State Highway 74, Hemet, CA 92544 - Image 1
43763 State Highway 74, Hemet, CA 92544 - Image 2
43763 State Highway 74, Hemet, CA 92544 - Image 3
43763 State Highway 74, Hemet, CA 92544 - Image 4
43763 State Highway 74, Hemet, CA 92544 - Image 5
43763 State Highway 74, Hemet, CA 92544 - Image 6
43763 State Highway 74, Hemet, CA 92544 - Image 7
43763 State Highway 74, Hemet, CA 92544 - Image 8
43763 State Highway 74, Hemet, CA 92544 - Image 9
43763 State Highway 74, Hemet, CA 92544 - Image 10
43763 State Highway 74, Hemet, CA 92544 - Image 11
43763 State Highway 74, Hemet, CA 92544 - Image 12
43763 State Highway 74, Hemet, CA 92544 - Image 13
43763 State Highway 74, Hemet, CA 92544 - Image 14
43763 State Highway 74, Hemet, CA 92544 - Image 15
43763 State Highway 74, Hemet, CA 92544 - Image 16
43763 State Highway 74, Hemet, CA 92544 - Image 17
43763 State Highway 74, Hemet, CA 92544 - Image 18
43763 State Highway 74, Hemet, CA 92544 - Image 19
43763 State Highway 74, Hemet, CA 92544 - Image 20
43763 State Highway 74, Hemet, CA 92544 - Image 21
43763 State Highway 74, Hemet, CA 92544 - Image 22
43763 State Highway 74, Hemet, CA 92544 - Image 23
Studio

Multi-Family Home for sale in Hemet, CA

for $1,600,000 with 1 full bath. This 4,827 square foot home was built in 1950 on a lot size of 1.63.

Exceptional Income-Producing Investment Opportunity! Rare chance to acquire a diversified investment property consisting of five separate APNs offering immediate cash flow and future development potential. The property currently features one established commercial business with one apartment and four more residential homes, 2 container rentals, creating multiple income streams from a single acquisition. Three of the APNs are improved with income-producing structures, while two additional vacant lots provide valuable upside potential for future development, expansion, or additional rental units (subject to buyer verification and local approvals). This unique portfolio offers strong rental income, tenant diversity, and long-term appreciation potential. Whether you’re looking to expand your investment portfolio, generate consistent cash flow, or capitalize on future development opportunities, this property delivers flexibility and value. Highlights:?• 5 Separate APNs Included?• 1 Commercial Business?• 4 Residential Homes?• 1 Apartment Unit?• Multiple Income Streams?• 2 Vacant Lots with Development Potential?• Strong Cash Flow Opportunity?• Excellent Long-Term Investment Potential Properties with this combination of current income and future growth opportunities are rarely available. Don’t miss this exceptional investment offering.

See more

Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.63

Year Built

1950

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

SW26133179

Days on Market

3

Features
General
Sewer Septic Tank
Heating Central
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1950
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 133380
Community Features Rural
Additional Parcels Description 549161002 549161003 549110011 549161005
County Riverside
Net Operating Income 101185
Operating Expense 26195
Insurance Expense 8955
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard Trust
Status Active
Directions Highway 74 and Ramona Express Way
City Hemet
Entry Location 1
Senior Community Y/N false
Number Of Units Total 6
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 71004
Listing Terms Cash Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 6
Property Sub Type Additional Mixed Use
Taxes 17240
Cap Rate 6.3
See more
Interior
Total Stories 1
Common Walls 1 Common Wall
Heating Y/N true
Laundry Features Washer Hookup
Entry Level 1
See more
Exterior
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 71004
Number of Buildings 5
Building Area Total 4827
Lot Size Acres 1.63
Private Pool false
Lot Size Source Estimated
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
See more
* Excluded Features
List By
Allison James Estates & Homes

Broker

morgan@mennell.com

Email

Affordability Calculator

$9,851
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
--
Monthly Home Insurance
--
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$1,600,000 Listed Price

Map


See all

43763 State Highway 74, Hemet, CA, 92544 is a Multi-Family Home for sale at $1,600,000 with 4,827 sqft and a lot size of 1.63. 43763 State Highway 74 is a studio with 1.0 baths and was built in 1950. The property's zip code is 92544 which is in Hemet, CA