43611 State Highway 74 Hemet, CA $ 1,995,000
43611 State Highway 74
$ 1,995,000
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43611 State Highway 74

Hemet, CA, 92544
$ 1,995,000
Baths14.0 Sq 8,876

Monthly Estimate*

$ 12,597

Listed by Marcus & Millichap
43611 State Highway 74, Hemet, CA 92544 - Image 1
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43611 State Highway 74, Hemet, CA 92544 - Image 11
Studio

Multi-Family Home for sale in Hemet, CA

for $1,995,000 with 14 full baths. This 8,876 square foot home was built in 1964 on a lot size of 0.31.

Ridgeview Apartments, a 10-unit apartment property located at 43611 Florida Avenue in Hemet, California. The property includes seven two-bedroom / two-bath units and three one-bedroom / one-bath units. Built in 1968, Ridgeview Apartments has approximately 8,250 rentable square feet and sits on a 0.31-acre lot. Residents have access to a swimming pool, gated entry, on-site laundry and 24 parking spaces, including 14 covered spaces. Units include central air and heat, individual water heaters, dishwashers, garbage disposals and dual-pane windows. Gas and electricity are separately metered, while the owner pays for water, sewer and trash. Ridgeview Apartments is located along Florida Avenue, one of Hemet's main commercial corridors. The surrounding area gives residents convenient access to shopping, restaurants, schools, healthcare and other everyday services. Hemet is located in the San Jacinto Valley in Riverside County and remains one of the more affordable housing markets in Southern California. The local economy is supported by healthcare, education, retail and government employment, while nearby communities including Menifee, Murrieta and Temecula provide additional jobs and services. Ridgeview Apartments is well positioned within a Hemet market that continues to benefit from relative affordability, a broad base of local employment and access to nearby cities such as Menifee, Murrieta and Temecula. With housing costs across Southern California remaining elevated, Hemet continues to attract renters looking for more attainable housing without leaving the Inland Empire. That combination should continue to support demand for well-located apartment properties like Ridgeview.

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Multi-Family Active

Price

$ 1,995,000

Bedrooms

Studio

Full Bath

14

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.31

Year Built

1964

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

26931871

Days on Market

2

Features
General
Living Area 8876
Zoning C-P-S
Year Built 1964
Stories Count 2
Levels Two
Gross Income 177600
County Riverside
Net Operating Income 111446
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions From the intersection of E Florida Ave and State St in Hemet head east on E Florida Ave. Continue east to 43611 E Florida Ave. Property will be on your right.
City Hemet
Senior Community Y/N false
Number Of Units Total 10
MLS Area 223 - Hemet/San Jacinto
Lot Size Units Square Feet
Lot Size Square Feet 13504
Carport Y/N true
Standard Status Active
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Interior
Total Stories 2
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Covered Carport
Total Parking 24
Lot Size Area 13504
Number of Buildings 1
Building Area Total 8876
Lot Dimensions 95x183
Lot Size Acres 0.31
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* Excluded Features
List By
Marcus & Millichap

Broker

Oscar.Diaz@marcusmillichap.com

Email

Affordability Calculator

$12,597
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,597
Monthly Property Taxes
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$1,995,000 Listed Price

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43611 State Highway 74, Hemet, CA, 92544 is a Multi-Family Home for sale at $1,995,000 with 8,876 sqft and a lot size of 0.31. 43611 State Highway 74 is a studio with 14.0 baths and was built in 1964. The property's zip code is 92544 which is in Hemet, CA