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171-189 N. Hemet St Hemet, CA 92544 171 N Hemet St 10 Unit Apartment Building $1,790,000 ($179,000/Unit) Hemet, CA 92544
Executive Summary
TEN individual houses for sale! One APN! Back on the market after over a year long escrow while waiting for court approval. The buyer bailed out over his own situation and not the property. The property is solid. Now, 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 and a large lot with excellent parking. All of the units are rented and nine of them have been renovated and are renting at market value. The annual income is $181,380. The 8000 foot size is an estimate. The buyer needs to check on the size. One of the units is a 2-bedroom.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts In Escrow
| Price | $1,790,000 | Building Class | C |
| Price Per Unit | $179,000 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.38/1,000 SF |
| Zoning | R3 - Residential | ||
| Price | $1,790,000 |
| Price Per Unit | $179,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 551-180-011 | Improvements Assessment | $429,412 (2025) |
| Land Assessment | $324,961 (2025) | Total Assessment | $754,373 (2025) |
Property Taxes
Parcel Number
551-180-011
Land Assessment
$324,961 (2025)
Improvements Assessment
$429,412 (2025)
Total Assessment
$754,373 (2025)
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Presented by
New Frontier Realty
171-189 N. Hemet St Hemet, CA 92544 | 171 N Hemet St
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