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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
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
Not walkable
10/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
548-092-041
Land Assessment
$94,048
Improvements Assessment
$15,659
Total Assessment
$109,707
  • Listing ID: 41139413

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 44618 California 74, Hemet, CA 92544

Contact the Sale Advisor

44618 California 74

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