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509 E Central Ave
Hemet, CA 92543
1990's Construction - 8% CAP Rate | 8.29 GRM · Multifamily Property For Sale · 8 Units

Investment Highlights

  • Unheard of GRM 8.29 & 8.05% Cap Rate
  • On-Site Garage and Open-Space Parking
  • Gated & Secured Corner-Lot Location
  • Comprised of (4)3-Bed/2-Bath & (4)2-Bed/2-Bath Townhome Units
  • 1990's Construction with 7 Remodeled Units
  • Separately Metered for Gas & Electricity

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.37 AC
Building Size 8,643 SF
Average Occupancy 87%
No. Stories 2
Year Built 1991
Parking Ratio 1.85/1,000 SF
Zoning R3 - R3

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 4 $2,153 -
2+2 4 $2,123 -

Property Taxes

Property Taxes

Parcel Number
446-091-031
Land Assessment
$410,115
Improvements Assessment
$771,018
Total Assessment
$1,181,133
  • Listing ID: 36634150

  • Date on Market: 7/7/2025

  • Last Updated:

  • Address: 509 E Central Ave, Hemet, CA 92543

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