5,662 Sqft Lot
5,662 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW26190122
HOA Y/N No
Year Built 1964
Annual Tax Amount $5,650
Lot Size 5,662 Sqft
Property Sub-Type Quadruplex
Property Description
Offered at $749,999 with a cap rate of 7.2%
The property features four separate apartment units totaling 2,000 square feet of living space, fully fenced with private patios for each unit + 6 parking spaces, providing strong rental income. Two of the four units have undergone major remodels, with Units A & D completely remodeled as of Aug 2026, from top to bottom, new kitchen cabinets, new flooring, new walls, fresh paint, new bathrooms including toilets, vanitiy, fixtures, new closets, front doors, ceiling fans, screens, fresh exterior paint as of Aug 2026 and more! Creating a fresh, modern ambience. This extensive renovation provides a significant advantage for both attracting quality tenants and positioning the property for strong rental income. Located approximately 1 mile from Downtown Hemet and a 7 minute walk from the Hemet Police Dept, a 3 min drive from Hemet Elementary School, and a 3 min drive from Hemet Adult School. This property offers convenient access to shopping, dining, schools, parks, entertainment, and everyday amenities with strong tenants. But wait, there is more! 191 N Inez comes with a pest control contract up to Dec 2026 FULLY PAID. Don't miss this opportunity to own a substantially improved four-unit property in a convenient Hemet location.
This four-unit multifamily property presents an excellent opportunity for investors or first time buyers seeking an income-producing asset in an established Hemet location.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Range, Microwave, Refrigerator, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Assigned
Fence Cross Fenced, Good Condition
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Asphalt
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 443223019
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA
Special Listing Condition Standard
Nearby Locations
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