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3626 W Devonshire Ave #1001, Hemet, CA 92545
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3626 W Devonshire Ave #1001 Hemet, CA 92545

$6,200,000
  • 29 Beds
  • 30 Baths
  • 1 Sq.Ft.
For Sale
$6,200,000 Get Pre-Qualified
Map preview of 3626 W Devonshire Ave #1001, Hemet, CA 92545

Property Overview: 3626 W Devonshire Ave #1001 Hemet, CA has 29 bedrooms, 30 bathrooms, 1 living square feet and 1 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This multi-parcel offering includes a fully-leased, 20-unit condominium complex within a gated community, as well as an adjacent 5.41-acre parcel of vacant land, primed for future development. With the potential to expand the site to accommodate up to 98 apartment units (buyer to verify), this property offers both immediate cash flow and significant development potential. Hemet, located in Riverside County, is a rapidly growing city known for its welcoming community and picturesque surroundings. With its strategic location near key Southern California markets and increasing demand for housing, Hemet is undergoing substantial growth and development, making it an ideal environment for real estate investment. The well-maintained property boasts desirable amenities, including a community swimming pool, clubhouse, and secure gated access. Ownership has made substantial capital investments to ensure the property’s condition remains in top form, further enhancing its appeal to both residents and investors. Situated at 3626 W Devonshire Ave, this stable, income-generating asset in the Inland Empire region offers a promising return on investment. Whether you are a first-time investor entering the market, an experienced investor looking to expand your portfolio, or considering a 1031 Exchange, this property presents an exceptional opportunity for stability, growth, and long-term value.

Listed by Yuan Le | BRE #01947274 | Ricky&Jessie Realty
Co-listed by Ricky Lee | BRE #01932116 | Ricky&Jessie Realty
Last checked: 11 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
1
HOA Dues
$0/mo
Year built
2008
Garage
2 Car
Property Type:
Condominium
Status
Active
MLS#
TR24193765
City
Hemet
County
Riverside
Time on Site
1 day
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 5
  • # of Leased Units: 20
  • # of Electric Meters: 20
  • # of Gas Meters: 20
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $23,700
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $25,200
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $19,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $21,600
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $25,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $21,600
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $21,600
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $19,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $445,500
  • Net Operating Income: $205,877
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $239,623
  • Electric: $8,242
  • Gas/Fuel: $4,934
  • Trash: $10,066
  • Insurance: $14,594
  • Professional Management: $1,881
  • Water/Sewer: $37,489

Open Houses for 3626 W Devonshire Ave #1001

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Property Details for 3626 W Devonshire Ave #1001

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: In Ground
Exterior Features
  • Has Pool
  • Pool Features: Private, Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Size Source: Estimated
  • Common Interest: Condominium
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 13
  • Parcel Number: 448231001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Madrid St & Anchorage St
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Hemet Agent

Sale History for 3626 W Devonshire Ave #1001

Last sold on June 30th, 2010

  • September, 2024

  • Sep 17, 2024

    Date

    Active

    CRMLS: TR24193765

    $6,200,000

    Price

  • June, 2010

  • Jun 30, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2010

  • Jun 23, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3626 W Devonshire Ave #1001

Assessed Value (2020): $108,461
Year Land Value Improved Value Assessed Value
2020 $11,795 $96,666 $108,461

Home Value Compared to the Market

This property vs the competition

3626 W Devonshire Ave #1001 is listed 1278.08% higher than the median list price for the city of Hemet which has a median list price of $449,900. The median price per/sqft for Hemet is $266 and this home is listed at $6200000 per/sqft which puts the price per square foot 2330727.07% higher than the median price per square foot for the city of Hemet.

About 3626 W Devonshire Ave #1001

Detailed summary of property

3626 W Devonshire Ave #1001 is a condominium located in Hemet, CA 92545 and is currently for sale. This condo offers 29 bedrooms, 30 bathrooms, roughly 1 living square feet, and sits on an approximately 1 square foot lot. 3626 W Devonshire Ave #1001 was first listed on ArdentRealEstateGroup.com on September 18, 2024. The homeowner is currently asking $6,200,000. The median priced home in Hemet is $449,900 with a median price per square foot of $266. Based on Ardent Real Estate Group's Hemet Market Data, this home is listed 1278.08% higher than the median priced home. Local competing homes currently for sale include 100 Bozeman, 201 Pinnacle and 107 Gypsum. While the average home in Hemet, CA is selling in 76 days, 3626 W Devonshire Ave #1001 has a days on market of 1 days. There are currently 503 homes for sale in the Hemet real estate market and 483 of them are single family homes while 19 of them are condos and 1 are townhomes. For more information on this home for sale at 3626 W Devonshire Ave #1001 Hemet, CA 92545 contact Ardent Real Estate Group and we will put you in touch with one of our Hemet agents.

Public Facts for 3626 W Devonshire Ave #1001

Public county record property details
Beds
2
Baths
2
Year built
2008
Sq. Ft.
1,466
Lot Size
1,306
Stories
3
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
448-231-001

The source for these homes facts are from public records.

92545 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$439,900
Median List Price/Sq.Ft.
$252
Median Sold Price
$445,000
Median Sold Price/Sq.Ft.
$246
Total Inventory
192
Median Sale to List Price %
99.24%
Avg Days on Market
39
Loan Type
Conventional (43.75%), FHA (27.08%), VA (12.5%), Cash (12.5%), Other (4.17%)

Tour This Home

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Contact Jon
Hemet Agent
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 3626 W Devonshire Ave #1001

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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