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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$998,000

Est. payment - /mo

0.26 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26090634

HOA Y/N No

Year Built 1980

Lot Size 0.260 Acres

Property Sub-Type Quadruplex

Property Description

Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Interior Features All Bedrooms Down

Heating Central

Flooring Tile

Fireplace No

Laundry Inside

Exterior

Parking Features Direct Access, Garage, On Street

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Desert Front, Landscaped, Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 446320062

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Contract, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Contract, Submit

Special Listing Condition Standard

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Listed by Cynthia Mitchell Exit Alliance Realty 951-837-9556, DRE #01971983

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962 Monarch Hemet, CA 92543