Description
One:...These units are breathtakenly fine! This Hemet 4Plex is located in the nicest section of Hemet, adjacent to the Sierra Dawn community of Hemet. This community is the best location in Hemet, known for it's very high pride of ownership, and no crime or ghetto! Also, these units have been kept up like they are new! New roof! New hvac's! Upgraded cabinetry and appliances! Newer tile flooring. Granite counter tops! Check out the pictures. This place is REALLY, REALLY NICE! This complex consists of:
One: 2 bedroom, 2 bath unit. Three: 1 bedroom, 1 bath units. One: 2 CAR GARAGE FOR THE 2 BEDROOM UNIT! A nice roomy laundry room! Three: 1 car garages for the 1 bedroom units! Another 1 car garage. This complex has a total of six garages! All units are separately metered, with tenants signing up and paying their electric and gas. Landlord pays water and trash. While actual rents are below market, the rents are month to month and can be brought up to market. Please see rent roll, and rent comps attached in MARKETING PACKAGE. At actual rents, we're putting out a positive cash flow. And if you bring up the month to month rents to market, were putting out the following:
$81,000 Annual Gross Income! A 9.26 Gross Rent Multiplier! A 9.11% Cap Rate! And a robust, double digit 17.52% Cash on Cash Return! For rent roll and rent comps, SEE SUPPLEMENTS ATTACHED. It must be noted that the 2 bedroom 2 bath unit is very large and beautiful. It totals approximated 2,000 SF (estimated). It has a living room, a dining room, huge kitchen, huge dining area, and very large master bathroom that has two large rooms within the bathroom. It also has very large walk-in closets. With the high square footage, one could easily convert this to a 4 bed 3 bath! With this location, you can't go wrong. You're virtually guaranteed, top of the market rents, low vacancy, and HUGE rent and price appreciation!
- Listed by Tony Burton • DRE #01014173 • Brokerage DRE #01014173 • Burton Commercial, Inc. • 951-375-7433
Property Details for 491 South Simpson Avenue
Property Details for 491 South Simpson Avenue
| Status | Pending |
|---|---|
| MLS # | SW26022810 |
| Days on Market | 11 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1973 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | Riverside County |
Location
Building Information for 491 South Simpson Avenue
Payment Calculator
$4,023 per month
30 year fixed, 6.15% Interest
$3,655
$368
$0
Property Information for 491 South Simpson Avenue
- Gross Income: $0
- Gross Scheduled Income: $0
- Net Operating Income: $0
- Operating Expense: $0
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Tract Number: 2
- CFD/Mello-Roos Fee: $179
- Tax Lot: 1
- Community Features: Gutters, Sidewalks, Street Lights, Suburban
- Laundry: Yes
- Laundry Features: Common Area, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: 2-5 Units/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 6
- Parking Garage Spaces: 6
- Carport Spaces: 0
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 3
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 0
- Unit Type Type: 1
- Unit Type Units Total: 3
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 3
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 0
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 2
Property History for 491 South Simpson Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 11, 2026 | Pending CRMLS #SW26022810 | — | |
| Feb 11, 2026 | Pending CLAW #SW26022810MR | — | |
| Feb 11, 2026 | Pending SDMLS #SW26022810 | — | |
| Jan 31, 2026 | Listed (Active) CRMLS #SW26022810 | $750,000 | — |
| Jan 31, 2026 | Listed (Active) SDMLS #SW26022810 | $750,000 | — |
| Jan 31, 2026 | Listed (Active) CLAW #SW26022810MR | $750,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/11/2026 | Pending CRMLS #SW26022810 | — |
| 02/11/2026 | Pending CLAW #SW26022810MR | — |
| 02/11/2026 | Pending SDMLS #SW26022810 | — |
| 01/31/2026 | Listed (Active) CRMLS #SW26022810 | $750,000 |
| 01/31/2026 | Listed (Active) SDMLS #SW26022810 | $750,000 |
| 01/31/2026 | Listed (Active) CLAW #SW26022810MR | $750,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 491 South Simpson Avenue
Schools near 491 South Simpson Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Whittier Elementary School PublicK to 5 | ||
Diamond Valley Middle School Public6 to 8 | ||
West Valley High School Public9 to 12 | ||
Hemet Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Burton Commercial, Inc., Tony Burton, DRE #01014173
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.