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Hemet, CA 92544 43611 State Highway 74

$2,295,000

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Presented By: Dana Anderson with Kimmell-Anderson Property Mng.; 951-315-4644
  • MLS# SW23047527
  • 03/24/2023
  • Request Tour
  • Request Info
  • BedBeds • 17
  • BathBaths • 6
  • FootageSQFT • 10,000
  • GarageGarage • 1

Home Details

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.
Presented By: Dana Anderson with Kimmell-Anderson Property Mng.; 951-315-4644

Interior Features for 43611 State Highway 74

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

General for 43611 State Highway 74

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.75
Carport Spaces10.0
Carport Y/NYes
CityHemet
Community FeaturesSidewalks, Pool
CountyRiverside
Days on Market365
DirectionsEast on Florida Ave. Past New Chicago. Right on Golden Way. Complex on left behind 43613 Florida Ave.
Electric Expense2220.0
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income173316.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5047.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan, Item1031Exchange
Lot Size Square Feet13504.0
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
Net Operating Income128333.0
New ConstructionNo
Number of Units Leased9
Open Parking Spaces7.0
Operating Expense44983.0
Pool FeaturesCommunity
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameState Highway 74
Tax Lot70
Tenant PaysSeeRemarks, TrashCollection
Total Actual Rent165108.0
Total Units10
Trash Expense0.0
View Y/NNo
Water Sewer Expense6000.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningC-P-S

Exterior for 43611 State Highway 74

Building Area Total10000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.31
Lot Size Area13504.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, DetachedCarport
Pool Charge3133.0
SpaNo
Total Parking17.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,295,000
MLS#SW23047527
List Date 03/24/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors