
Property Attributes
- MLS#SW23047527
- TypeIncome
- CountyRIVERSIDE
- CityHemet
- AreaSouthwest Riverside County
- Zip92544
- StyleMixed Use
- Price$ 2,499,000
- Bedrooms17
- Full Bathrooms17
- Half Bathrooms0
- Sqr Footage10000
- Lot Size0.310009 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds, etc. One apartment has an AC unit less than a year old. The gated pool was remodeled with new plaster, new handrails, pump, etc. at the end of 2021. Convenient to shopping and Ramona Expressway.
Price History | |
---|---|
3/24/2023 | Listed $2,699,999 |
6/22/2023 | 8% - $2,499,000 |
General Features
Building Area Units | Square Feet |
---|---|
Cap Rate | 4.75 |
Carport Spaces | 10 |
Carport Y/N | Yes |
City | Hemet |
Community Features | Sidewalks, Pool |
County | Riverside |
Directions | East on Florida Ave. Past New Chicago. Right on Golden Way. Complex on left behind 43613 Florida Ave. |
Electric Expense | 2220 |
Gross Income | 173316 |
Insurance Expense | 5047 |
Levels | Two |
Listing Agent | Dana Anderson - BRE#00998181 |
Listing Agent State License | 00998181 |
Listing Terms | Cash to New Loan, 1031 Exchange |
Lot Size Square Feet | 13504 |
MLS Area | SRCAR - Southwest Riverside County |
Net Operating Income | 128333 |
Number of Units Leased | 10 |
Open Parking Spaces | 7 |
Operating Expense | 44983 |
Pool Features | Community |
Property Sub Type Additional | Mixed Use |
Property SubType | Mixed Use |
Property Type | Residential Income |
Senior Community Y/N | No |
Sewer | Public Sewer |
Special Listing Conditions | Standard |
Standard Status | Active |
Status | Active |
Stories | 2 |
Street Name | State Highway 74 |
Tax Lot | 70 |
Tenant Pays | See Remarks, Trash Collection |
Total Actual Rent | 178800 |
Total Units | 10 |
Water Sewer Expense | 6000 |
Year Built | 1964 |
Year Built Source | Assessor |
Zoning | C-P-S |
Interior Features
Common Walls | No Common Walls |
---|---|
Laundry Features | Common Area |
Total Stories | 2 |
Exterior Features
Buyer Agent Compensation | 1.500 |
---|---|
Buyer Agent Compensation Type | % |
Building Area Total | 10000 |
Lot Size Acres | 0.31 |
Lot Size Area | 13504 |
Lot Size Source | Assessor |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
Number of Separate Electric Meters | 11 |
Number of Separate Gas Meters | 11 |
Number of Separate Water Meters | 1 |
Parking Features | Attached Carport, Assigned, Detached Carport |
Pool Charge | 3133 |
Total Parking | 17 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool