462 East 3rd Street

San Jacinto, CA 92583

$7,160,000
Price
2
Beds
60
Baths
31,014 Sq. Ft.
$231 / Sq. Ft.
31,014
Sq. Ft.
$231
per Sq. Ft.

Description

We're pleased to present to market the rare opportunity to acquire an entire portfolio of 12 multifamily properties totaling 30 units in San Jacinto and Hemet, California. The assets are all two to four unit buildings, range in age from 1974 to 1989, and every unit in this portfolio is a desirable and spacious two-bedroom/one-and-three-quarter-bath floor plan. This portfolio is offered in its entirety, and all properties must be acquired together. Portfolio properties include:
454 East 1st Street,
...We're pleased to present to market the rare opportunity to acquire an entire portfolio of 12 multifamily properties totaling 30 units in San Jacinto and Hemet, California. The assets are all two to four unit buildings, range in age from 1974 to 1989, and every unit in this portfolio is a desirable and spacious two-bedroom/one-and-three-quarter-bath floor plan. This portfolio is offered in its entirety, and all properties must be acquired together. Portfolio properties include:
454 East 1st Street, San Jacinto, CA
462 East 3rd Street, San Jacinto, CA
470 East 3rd Street, San Jacinto, CA
772 Oleander Street, Hemet, CA
792 Oleander Street, Hemet, CA
580 Ironwood Street, Hemet, CA
763 Ponderosa Drive, Hemet, CA
26112 Camphorwood Ave, Hemet, CA
41096 Beachwood Ave, Hemet, CA
41085 Alder Ave, Hemet, CA
763 Evergreen Street, Hemet, CA

This portfolio listing is also found under MLS listing Id: PW24064549
  1. Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
  2. Listed by David O'Keefe • DRE #01928739 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 462 East 3rd Street

Parking Spaces Total
2
Private Pool
No
Total Units
30.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
31014
Assessor Parcel Number
437-104-018
Property Attached YN
false

Location

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739
Add your commute
LISTING UPDATED: 04/01/2024 03:00 PM

Property Details for 462 East 3rd Street

StatusActive
MLS #PW24061045
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size2.62 AC / 114,124 SF
CountyRiverside County

Location

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739
Add your commute

Building Information for 462 East 3rd Street

Stories1Residences-Year Built1989Building Size-Lot Size2.62 AC / 114,124 SF

Payment Calculator

$39,372 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,075

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 462 East 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $325,555
  • Cap Rate: 4.55
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: n/a
  • Tax Census Tract: 436.01
  • CFD/Mello-Roos Fee: $267
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 30
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 30
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 12
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Separate Water Meters: 0

Property History for 462 East 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 462 East 3rd Street

Taxable ValueLand$91,930Additions$190,960Total$282,890
Tax Record2023$3,568 ($297 / month)
Home Facts
Total Finished SqFt3,708 SqFtAbove Grade Finished SqFt3,708 SqFtStories1Lot Size13,068 SqFtStyleQuadraplexYear Built1989CountyRIVERSIDEAPN437-104-018

Schools near 462 East 3rd Street

This home is within San Jacinto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Estudillo Elementary School
PublicK to 5

Monte Vista Middle School
Public6 to 8

San Jacinto High School
Public9 to 12

San Jacinto Valley Academy
CharterK 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.

Similar Homes

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Similar Sold Homes

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462 East 3rd Street is a multi-family home for sale in San Jacinto, CA 92583. This property was listed for sale on March 27, 2024 by Steven M. Bogoyevac, Broker, it's currently listed at $7,160,000. This listing's school district is San Jacinto Unified School District. Nearby schools include Estudillo Elementary School, Monte Vista Middle School and San Jacinto High School. 462 East 3rd Street is a 2-bed, 60-bath, 31,014 sqft multi-family home built in 1989.

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 Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739

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.