Listed By:
Dana Anderson with Kimmell-Anderson Property Mng.; 951-315-4644
43611 State Highway 74, Hemet, CA
$ 2,499,000
Property Attributes
  • MLS#SW23047527
  • TypeIncome
  • 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


  • 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

Property vs Income Average in 92544

AVG $1.06M
AVG 36
Year Built
AVG 1968

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