Estimated payment $3,646/month
Total Views
20
4
Beds
4
Baths
2,472
Sq Ft
$241
Price per Sq Ft
Highlights
- Golf Course Community
- Cooling System Mounted To A Wall/Window
- Bike Trail
- No HOA
- Horse Trails
- Block Wall Fence
About This Home
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property.
Extensively renovated and meticulously maintained, recent capital improvements include new copper plumbing, updated electrical systems, split A/C units, new dual-pane windows, new kitchens, modern flooring, and new privacy fencing—resulting in low operating costs and minimal deferred maintenance.
Each unit is separately metered for gas and electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents.
Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don’t miss this rare chance to own a turn-key triplex in a high-demand rental corridor
Listing Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 07/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,127
Year Built
- Built in 1956
Lot Details
- 9,538 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 2,472 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Legal Lot and Block 5-P / 445
- Tax Tract Number 102
- Assessor Parcel Number 445102016
- $58 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Golf Course Community
- Horse Trails
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $147
- Insurance Expense $3,840
- Maintenance Expense $3,230
- Trash Expense $919
- Water Sewer Expense $1,988
- New Taxes Expense $6,876
- Operating Expense $17,450
- Gross Income $66,600
- Net Operating Income $47,151
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $4,127 | $353,193 | $112,475 | $240,718 |
| 2022 | $3,994 | $346,269 | $110,270 | $235,999 |
| 2021 | $3,928 | $339,480 | $108,108 | $231,372 |
| 2020 | $3,935 | $336,000 | $107,000 | $229,000 |
| 2019 | $1,952 | $161,498 | $53,868 | $107,630 |
| 2018 | $1,894 | $158,332 | $52,812 | $105,520 |
| 2017 | $1,872 | $155,228 | $51,777 | $103,451 |
| 2016 | $1,859 | $152,185 | $50,762 | $101,423 |
| 2015 | $1,009 | $76,711 | $44,750 | $31,961 |
| 2014 | $968 | $75,210 | $43,874 | $31,336 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | For Sale | $595,000 | +296.9% | $241 / Sq Ft |
| 06/09/2015 06/09/15 | Sold | $149,900 | 0.0% | $75 / Sq Ft |
| 05/13/2015 05/13/15 | Off Market | $149,900 | -- | -- |
| 04/01/2015 04/01/15 | Price Changed | $150,000 | -11.2% | $75 / Sq Ft |
| 03/03/2015 03/03/15 | For Sale | $169,000 | -- | $85 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $640,000 | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Lawyers Title Ie | |
| Grant Deed | $150,000 | Orange Coast Title Company | |
| Grant Deed | $60,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,215,500 | Purchase Money Mortgage | |
| Previous Owner | $3,500,000 | Unknown | |
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $48,000 | Seller Take Back |
Source: Public Records
Similar Home in Hemet, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25148426
APN: 445-102-016
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