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43611 State Highway 74, Hemet, CA 92544
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43611 State Highway 74 Hemet, CA 92544

$2,295,000
  • 17 Beds
  • 15.25 Baths
  • 10,000 Sq.Ft.
For Sale
$2,295,000 Get Pre-Qualified
Map preview of 43611 State Highway 74, Hemet, CA 92544

Property Overview: 43611 State Highway 74 Hemet, CA has 17 bedrooms, 15.25 bathrooms, 10,000 living square feet and 13,504 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: 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.

Listed by Dana Anderson | BRE #00998181 | Kimmell-Anderson Property Mng.
Last checked: 14 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 543

Home details

Lot Sq. Ft
13,504
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SW23047527
City
Hemet
County
Riverside
Time on Site
544 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 9
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $33,480
  • Pro Forma/Market Rent: $33,480
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $17,340
  • Pro Forma/Market Rent: $17,340
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,339
  • Total Rent: $16,068
  • Pro Forma/Market Rent: $16,068
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $60,300
  • Pro Forma/Market Rent: $80,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $18,000
  • Pro Forma/Market Rent: $18,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,660
  • Total Rent: $19,920
  • Pro Forma/Market Rent: $19,920
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $173,316
  • Net Operating Income: $128,333
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,983
  • Electric: $2,220
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $5,047
  • Professional Management: $13,165
  • Water/Sewer: $6,000
  • Other Expenses: $14,218
  • Other Expense Description: Prop Tax

Open Houses for 43611 State Highway 74

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Property Details for 43611 State Highway 74

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 17
  • Has Parking
  • Parking Features: Assigned, Attached Carport, Detached Carport
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 10
  • Parcel Number: 549110004
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East on Florida Ave. Past New Chicago. Right on Golden Way. Complex on left behind 43613 Florida Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Hemet Agent

Sale History for 43611 State Highway 74

Last sold for $1,200,000 on January 27th, 2020

  • March, 2023

  • Mar 24, 2023

    Date

    Active

    CRMLS: SW23047527

    $2,699,999

    Price

  • January, 2020

  • Jan 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • April, 2014

  • Apr 28, 2014

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

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Tax History for 43611 State Highway 74

Assessed Value (2020): $672,529
Year Land Value Improved Value Assessed Value
2020 $97,514 $575,015 $672,529

Home Value Compared to the Market

This property vs the competition

43611 State Highway 74 is listed 410.11% 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 $229.5 per/sqft which puts the price per square foot 13.72% lower than the median price per square foot for the city of Hemet.

About 43611 State Highway 74

Detailed summary of property

43611 State Highway 74 is a mixed use located in Hemet, CA 92544 and is currently for sale. This mixed use property offers 17 bedrooms, 15.25 bathrooms, roughly 10,000 living square feet, and sits on an approximately 13,504 square foot lot. 43611 State Highway 74 was first listed on ArdentRealEstateGroup.com on March 24, 2023. The homeowner is currently asking $2,295,000 and was originally asking $2,699,999. 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 410.11% higher than the median priced home. Local competing homes currently for sale include 5227 Huntington Dr, 424 Bamboo Ln and 2643 S Budlong Ave. While the average home in Hemet, CA is selling in 76 days, 43611 State Highway 74 has a days on market of 543 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 43611 State Highway 74 Hemet, CA 92544 contact Ardent Real Estate Group and we will put you in touch with one of our Hemet agents.

Public Facts for 43611 State Highway 74

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
--
Lot Size
13,503
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
70
APN
549-110-004

The source for these homes facts are from public records.

92544 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$475,000
Median List Price/Sq.Ft.
$272
Median Sold Price
$485,000
Median Sold Price/Sq.Ft.
$268
Total Inventory
151
Median Sale to List Price %
97.68%
Avg Days on Market
34
Loan Type
Conventional (30.3%), FHA (42.42%), VA (9.09%), Cash (6.06%), Other (12.12%)

Tour This Home

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

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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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