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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
This property has been in escrow for a year, because there was a title issue that has recently been fixed and we are set to close in January 2026. We have a new newer 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. Eight of the units are rented and two are vacant. The two vacant units were recently renovated. Seven of the units are rented at or near market value. The property is part of a Trust and the seller says submit all reasonable offers on CAR Forms, Only. The size of the property is unknown and 8000 feet is an estimate. The buyer needs to verify.
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 | 70% |
| 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 | 70% |
| 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
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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