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44618 California 74 1,800 SF Specialty Building Offered at $625,000 at a 10.56% Cap Rate in Hemet, CA 92544

Investment Highlights
- Mixed-use zoning allows residential and business adaptability on a high-traffic corridor.
- Side alley access offers operational convenience and options for future development.
- Income-producing today, with strong potential for higher returns over time.
- Expansive fully fenced lot currently used for RV, trailer, and boat storage rentals.
- Attractive street presence with landscaped frontage along Highway 74.
Executive Summary
Rare mixed-use investment opportunity with prime Highway 74 frontage in East Hemet’s Valle Vista area. Situated on approximately .80 acres (34,848 sq ft), this versatile property offers multiple income streams and excellent owner-user potential. The property features two residential units, including a remodeled front 2-bedroom, 1-bath unit and a separate back studio-style unit with private access—ideal for rental income, multi-generational living, or onsite management. The expansive fully fenced lot currently generates approximately $16,000+ annually through RV, trailer, and boat storage rentals. Also rent both units for $4000 a month or $50,000 annually. Beautiful front landscaping creates strong curb appeal, while side alley access provides added convenience and flexibility for business operations, storage access, or future expansion. With mixed-use zoning, excellent visibility along Highway 74, and existing income already in place, this property is ideal for investors, small business owners, contractors, or buyers seeking a live/work opportunity with room to grow. Rare chance to own a highly flexible income-producing property in a high-traffic corridor.
Property Facts
| Price | $625,000 | Building Class | C |
| Price Per SF | $347.22 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 1,800 SF |
| Cap Rate | 10.56% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1956 |
| Property Subtype | Contractor Storage Yard | ||
| Zoning | CPS - Scenic Highway Commercial | ||
| Price | $625,000 |
| Price Per SF | $347.22 |
| Sale Type | Investment |
| Cap Rate | 10.56% |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 1,800 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | CPS - Scenic Highway Commercial |
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Not walkable
10/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 548-092-041 | Improvements Assessment | $15,659 |
| Land Assessment | $94,048 | Total Assessment | $109,707 |
Property Taxes
Parcel Number
548-092-041
Land Assessment
$94,048
Improvements Assessment
$15,659
Total Assessment
$109,707
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44618 California 74
