Great duplex featuring spacious two units each with 2 bedrooms and 2 bathrooms. Both good size units that offer potential upside income. Property has solar panels, A/C and tankless water heater. Unit 980 has a stove, refrigerator, tile floors and eat in kitchen. One bathroom has tub and other bathroom has a shower. Plenty parking with each unit has 1 car garage and covered car port and large shared driveway accessed via back alley. Large front yard offers plenty of outdoor space. Laundry hook ups in garage.
We are pleased to exclusively present the opportunity to acquire 123 North Inez Street, a 28-unit multifamily investment property in the city of Hemet, California. The offering consists of multiple duplexes and cottage-style single-story units that were constructed between 1920 to 1968. The buildings sit on a single parcel of 0.91 acres (39,640 square feet) with approximately 200 feet of frontage on North Inez Street (east) and 100 feet of frontage on North Alessandro Street (west). The offering includes six studio/one-bathroom floor plans, twenty one-bedroom/one-bathroom floor plans, and two two-bedroom/one-bathroom floor plans. The buildings offer pitched roofs and were renovated with freshly painted exteriors. Selected units offer new vinyl flooring, new kitchen and bathroom cabinetry, new windows, and a private front/back patio. Each unit is equipped with a wall-unit air conditioning. The majority of units (22) are master metered for utilities. Six units are individually metered for gas, electricity and have individual hot water heaters. For parking, there are approximately twelve open parking spaces and other tandem parking spaces. The offering is located just north of East Florida Ave, also known as State Route 74, the principle thoroughfare that takes commuters west to the I-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Major department stores and grocery stores including Walmart, Grocery Outlet, Sprouts, Target, Walgreens, Smart & Final, and Stater Bros. Markets are within three-mile drive from the subject property. 123 North Inez Street is centrally located with only minutes’ walk away from Downtown Hemet. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community. The city hosts weekly farmer’s market and street fair that highlights local small businesses, homemade vendors, and local farms.
Duplex With Two 2BR / 1.75BA Units Units Feature Garage Parking and Private Patios 16 Percent Rental Upside Located on a Quiet Cul-de-Sac Street
Excellent East Hemet location. One single-story duplex approximately 1150 square feet in each unit. Each unit has a single-car attached garage, two bedrooms, two bathrooms, and inside laundry. The living rooms are spacious. Both units have recently been painted outside—large corner lot. The second unit is 26028 Camphorwood Ave. BOTH UNITS HAVE A NEW ROOF!
This multi-parcel offering includes a fully-leased, 20-unit condominium complex within a gated community, as well as an adjacent 5.41-acre parcel of vacant land, primed for future development. With the potential to expand the site to accommodate up to 98 apartment units (buyer to verify), this property offers both immediate cash flow and significant development potential. Hemet, located in Riverside County, is a rapidly growing city known for its welcoming community and picturesque surroundings. With its strategic location near key Southern California markets and increasing demand for housing, Hemet is undergoing substantial growth and development, making it an ideal environment for real estate investment. The well-maintained property boasts desirable amenities, including a community swimming pool, clubhouse, and secure gated access. Ownership has made substantial capital investments to ensure the property’s condition remains in top form, further enhancing its appeal to both residents and investors. Situated at 3626 W Devonshire Ave, this stable, income-generating asset in the Inland Empire region offers a promising return on investment. Whether you are a first-time investor entering the market, an experienced investor looking to expand your portfolio, or considering a 1031 Exchange, this property presents an exceptional opportunity for stability, growth, and long-term value.
Open House:
Sunday, 11/17 11:00-2:00PM
Perfect for an investor or two families. Both units have separate addresses and utilities. The main house address is 2495 W Fruitvale. It features a 3 bedroom and 1 bath. There is a little nook area that can be used as an office or dining area. There is also a full unfinished basement. New kitchen, bathroom, flooring, windows, AC and roof. The ADU address is 2481 W Fruitvale. The ADU is a 2 bedroom, 1 bath and has the same updates as the main house. Both units have been COMPLETELY REMODELED. The addresses have been update with the city but not the county. There is a large court yard in between the homes, which would be great for entertaining or a kids play area. There is enough parking for 3-4 cars behind the sliding gate. New fence surrounding the property. It is near shopping centers, restaurants and located near the 79, 74, and the 215 freeways.
- Duplex With Two Two-Bed/One-and-Three-Quarters-Bath Units - Property Features Garage Parking, Central Air, and Private Patios - 13 Percent Rental Upside - Conveniently Near Retail Along Florida Avenue - Offered as Part of a Portfolio of 12 Properties Across Hemet and San Jacinto
Excellent East Hemet location. One single story duplex approximately 1150 square feet in each unit. Both units have a single car attached garage, two bedrooms, two bathrooms and inside laundry. The living rooms are spacious. Both units have recently been painted and new tile floors, new appliances, new Quartz counters in the kitchens and bathrooms. Second unit is 41029 Alder Ave.
- Duplex With Two 2BR / 1.75BA Units - Property Features Private Patios and Garage Parking - 38 Percent Rental Upside - Located on a Quiet Cul-de-Sac Street - Offered as Part of a Portfolio of 12 Properties Across Hemet and San Jacinto
- Duplex With Two 2BR / 1.75BA Units - Large Corner Lot - Amenities Include Garage Parking, Private Patios, and Central Air - 35 Percent Rental Upside - Offered as Part of a Portfolio of 12 Properties Across Hemet and San Jacinto
We have a new lower price. The seller says submit all reasonable offers. These TEN individual homes are a California Landlords dream possession with no common walls between residents. Seven of the units are rented and three are vacant. Five of the units are rented at or close to market value, two need raising and three are vacant. The three vacant units have been renovated. The property is part of a Trust and the seller says submit all reasonable offers. We are ready to deal.
We have a new lower price. The seller says submit all reasonable offers. These TEN individual homes are a California Landlords dream possession with no common walls between residents. Seven of the units are rented and three are vacant. Five of the units are rented at or close to market value, two need raising and three are vacant. The three vacant units have been renovated. The property is part of a Trust and the seller says submit all reasonable offers. We are ready to deal.
Long-Term Investment Opportunity in Hemet, California. Welcome to this exceptional long-term investment opportunity in the great city of Hemet, California! This eight-unit multifamily property boasts numerous highlights that make it a fantastic choice for investors seeking a stable income stream: Property Details: Consisting of eight units spread across six well-maintained buildings. Market Rent: All rented units are at market rates, maximizing the return on investment. Impeccable Maintenance: The property is immaculately maintained, reflecting pride of ownership. Desirable Location: Situated on an expansive lot in a quiet neighborhood, offering a peaceful living environment for tenants. Profitability: With long-term tenants in place, this property is a very profitable investment opportunity. Don't miss out on this chance to own a lucrative income-producing property in a prime location. Contact us today to seize this outstanding investment opportunity in Hemet, California!
Check out this very clean and maintained duplex. Both units have 2 bedrooms, 1-1/2 baths, 984 sqft each w/additional permited room added on, and their own garage. You can live in one and rent the other out if you choose. Close to schools, medical facilities, shopping & restaurants, and the location is commuter friendly.
- Duplex With Two Two-Bed/One-and-Three-Quarters-Bath Units - Property Features Private Patios and Garage Parking - 35 Percent Rental Upside - Conveniently Near Retail Along Florida Avenue
Cozy home in the city with a large land, small ranch 1.39 acres (60,548 sq ft). The property also features a barn, warehouses and containers for plenty of parking & storage. Submit all offers!
Great Investment Opportunity in the city of Hemet, centrally located and next to major shopping centers. This duplex consist of 2 units with 1 bedroom 1 bathroom each. Both units are in good condition, front unit available, Back unit is rented for $1300 area is in very high demand for rentals. With potential to convert the detached garage to an Adu for added rental income. One of the lowest priced duplexes in the city of Hemet and San Jacinto. Also two brand new water heaters just installed as well as recently had the plumbing re piped.
Great Investment Opportunity in the city of Hemet, centrally located and next to major shopping centers. This duplex consist of 2 units with 1 bedroom 1 bathroom each. Both units are in good condition, front unit available, Back unit is rented for $1300 area is in very high demand for rentals. With potential to convert the detached garage to an Adu for added rental income. One of the lowest priced duplexes in the city of Hemet and San Jacinto. Also two brand new water heaters just installed as well as recently had the plumbing re piped.
Good looking Triplex, All Units 2 bedroom, 2 Bath, All have central Air, Upgraded tile flooring, double pane windows, upgraded copper plumbing, small fenced backyards, 3 carports and extra parking, located at the end cul-de-sac So this is one of the most quiet, peaceful and desirable locations, compared to other units in the area. Units are in Good condition, Great tenants, all tenants are on month-to-month rental agreements. Rents are low, $1000, $1030, $1070. Market rents are for 2 bedroom 2 bath unit like these rent between $1700-$1800 each. Call for details. Also this property has extra income from the laundry room.
HUGE PRICE ADJUSTMENT-GREAT ROI-TURNKEY FOR AN INVESTOR-Updated Duplex 2 bedroom 2 bath Units with central air and mini splits, laundry hook-ups in the kitchen. 1 car garage. Both units have Section 8 tenants in place. Everything has been updated including (roof, stucco, exterior paint, recessed lighting, newer garage doors, wood fencing and zoned HVAC). Tenants pay all utilities except water, electrical meters are separate. 41938 & 41940 Briarwood Ave are under 1 apn
HUGE PRICE ADJUSTMENT-GREAT ROI-TURNKEY FOR AN INVESTOR- Updated Duplex 2 bedroom 2 bath Units with central air and mini splits, laundry hook ups in the kitchen. One car garage. Both units have tenant in place 1 of 2 is paid by the city of Riverside. Everything has been updated including (roof, stucco, exterior paint, recess lighting, newer garage doors, wood fencing and zoned HVAC). Tenants pay all utilities except water. Electrical meters are separate. 41948 & 41950 Briarwood Ave are under 1 apn
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.
Four units producing $6000 a month. Additional units may be added. Perfect location for development (Gas Station, Shopping Center, Gated Senior Community, Recreation, etc. Gorgeous, breathtaking views of Diamond Valley and South Hemet. Large buildable 24 acres up against the hillside with numerous pad locations. All utilities to the property. Currently 2 structures on the property and multiple pads for additional building sites. First structure is a 2 bedroom 1 bath manufactured home. Second structure is a barn with a habitable area inside. Huge potential for subdivision or possible school site right across from McSweeney Elementary. In the path of development. Listing includes 3 parcels: 1890 S State St, Hemet Ca 92543 APN# 451-150-008 (8.11 Acres), 2000 S State St, Hemet Ca 92543 APN# 451-150-034 (7.97 Acres), 27700 S State St, Hemet Ca 92543 APN# 451-150-027 (7.89 Acres).Seller is motivated. Submit an offer today.
Four units producing $6000 a month. Additional units may be added. Perfect location for development (Gas Station, Shopping Center, Gated Senior Community, Recreation, etc. Gorgeous, breathtaking views of Diamond Valley and South Hemet. Large buildable 24 acres up against the hillside with numerous pad locations. All utilities to the property. Currently 2 structures on the property and multiple pads for additional building sites. First structure is a 2 bedroom 1 bath manufactured home. Second structure is a barn with a habitable area inside. Huge potential for subdivision or possible school site right across from McSweeney Elementary. In the path of development. Listing includes 3 parcels: 1890 S State St, Hemet Ca 92543 APN# 451-150-008 (8.11 Acres), 2000 S State St, Hemet Ca 92543 APN# 451-150-034 (7.97 Acres), 27700 S State St, Hemet Ca 92543 APN# 451-150-027 (7.89 Acres).Seller is motivated. Submit an offer today.
The median home value in Hemet, CA is $403,750. This is lower than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Hemet, CA is $403,750. Approximately 55.69% of Hemet homes are owned, compared to 35.4% rented, while 8.92% are vacant. Hemet real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hemet real estate agent to arrange a tour today!
Hemet, California has a population of 88,903. Hemet is less family-centric than the surrounding county with 32.74% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Hemet, California is $46,194. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Hemet is 38.6 years.
The average high temperature in July is 98.5 degrees, with an average low temperature in January of 37 degrees. The average rainfall is approximately 11.9 inches per year, with 0 inches of snow per year.