43611 Highway 74

Hemet, CA 92544

$2,295,000
Price
10
Beds
17
Baths
10,000 Sq. Ft.
$230 / Sq. Ft.
10,000
Sq. Ft.
$230
per Sq. Ft.

Description

Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds,...Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds, etc. One apartment has an AC unit less than a year old. The gated pool was remodeled with new plaster, new handrails, pump, etc. at the end of 2021. Convenient to shopping and Ramona Expressway.
  1. Listed by Dana Anderson • DRE #00998181 • Brokerage DRE #01866112 • Kimmell-Anderson Property Mng. • 951-315-4644

Property Details for 43611 Highway 74

Parking Spaces Total
17
Private Pool
No
Total Units
10.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
10000
Assessor Parcel Number
549-110-004
Property Attached YN
false

Location

Listing Courtesy of Kimmell-Anderson Property Mng., Dana Anderson, DRE #00998181
Add your commute
LISTING UPDATED: 03/23/2024 03:44 AM

Property Details for 43611 Highway 74

StatusActive
MLS #SW23047527
Days on Market406
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.31 AC / 13,504 SF
CountyRiverside County

Location

Listing Courtesy of Kimmell-Anderson Property Mng., Dana Anderson, DRE #00998181
Add your commute

Building Information for 43611 Highway 74

Stories2Residences-Year Built1964Building Size-Lot Size0.31 AC / 13,504 SF

Payment Calculator

$13,733 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$1,208

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 43611 Highway 74

Rental Info
Rental Info
  • Tenant Pays: See Remarks, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $173,316
  • Gross Scheduled Income: $173,316
  • Net Operating Income: $128,333
  • Cap Rate: 4.75
Expense Details
  • Operating Expense: $44,983
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Pool Expense: $3,133
  • Electric Expense: $2,220
  • Insurance Expense: $5,047
  • Professional Management Expense: $13,165
  • Other Expense: $14,218
  • Other Expense Description: Prop Tax
  • Trash Expense: $0
  • Water Sewer Expense: $6,000
  • Total Expenses: $44,983
Tax / Assessment Info
  • Tax Tract Number: 000
  • Tax Census Tract: 437.02
  • Tax Lot: 70
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: Community
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
  • Parking Features: Assigned, Attached Carport, Detached Carport
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,395
  • Unit Type Total Rent: $33,480
  • Unit Type Pro Forma: 33480
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,445
  • Unit Type Total Rent: $17,340
  • Unit Type Pro Forma: 17340
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,339
  • Unit Type Total Rent: $16,068
  • Unit Type Pro Forma: 16068
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $18,000
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,660
  • Unit Type Total Rent: $19,920
  • Unit Type Pro Forma: 19920
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $60,300
  • Unit Type Pro Forma: 80400
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number With Range: 10
  • Number With Refrigerator: 1

Property History for 43611 Highway 74

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 43611 Highway 74

Taxable ValueLand$441,494Additions$819,917Total$1,261,411
Tax Record2023$14,499 ($1,208 / month)
Home Facts
Total Finished SqFt8,876 SqFtAbove Grade Finished SqFt8,876 SqFtStories2Lot Size13,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningC1CPCountyRIVERSIDEAPN549-110-004

Schools near 43611 Highway 74

This home is within Hemet Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Valle Vista Elementary School
PublicK to 5

Dartmouth Middle School
Public6 to 8

Hemet High School
Public9 to 12

Academy of Innovation
Public9 to 12

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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43611 Highway 74 is a mixed use property for sale in Hemet, CA 92544. This property was listed for sale on March 24, 2023 by Kimmell-Anderson Property Mng., it's currently listed at $2,295,000. It has been on the market for a total of 406 days and was last sold on January 2, 2020. This listing's school district is Hemet Unified School District. Nearby schools include Valle Vista Elementary School, Dartmouth Middle School and Hemet High School. 43611 Highway 74 is a 10-bed, 17-bath, 10,000 sqft mixed use property built in 1964.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kimmell-Anderson Property Mng., Dana Anderson, DRE #00998181

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.