Estimated payment $4,874/month
About This Home
Rare opportunity to own a true fourplex where every unit is a 3 bedroom, 1 bath- a setup you won't find often in Hemet. Most multifamily properties in the area mix of 2-bedrooms with maybe one larger unit, but this one delivers consistent rental appeal across all four. Each unit offers a functional floor plan with its own private yard, plenty of potential for outdoor space or additional storage. Property will benefit from roof work and cosmetic upgrades, but the fundamentals are strong: stable tenant history, great unit mix, and huge value-add potential. Conveniently located near shopping, schools, and commuter routes, this property is ideal for the investor looking for a 1031 exchange, a cash-flow reposition, or simply to add a solid income property to their portfolio. Opportunities like this- 4 full sized 3-bedroom units on one lot- don't come around often!
Listing Agent
Keller Williams Legacy Brokerage Phone: 951-414-0149 License #02074367 Listed on: 08/29/2025
Co-Listing Agent
Keller Williams Legacy Brokerage Phone: 951-414-0149 License #01912823
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,010
Year Built
- Built in 1976
Lot Details
- 9,583 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 2 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 12270
- Assessor Parcel Number 443090029
- $158 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $250
- Trash Expense $180
- Water Sewer Expense $250
- Operating Expense $680
- Net Operating Income $51,840
Map
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 |
|---|---|---|---|---|
| 2025 | $3,010 | $257,530 | $83,692 | $173,838 |
| 2023 | $3,010 | $247,532 | $80,443 | $167,089 |
| 2022 | $2,931 | $242,679 | $78,866 | $163,813 |
| 2021 | $2,884 | $237,921 | $77,320 | $160,601 |
| 2020 | $2,846 | $235,483 | $76,528 | $158,955 |
| 2019 | $2,783 | $230,867 | $75,028 | $155,839 |
| 2018 | $2,697 | $226,341 | $73,558 | $152,783 |
| 2017 | $2,663 | $221,904 | $72,116 | $149,788 |
| 2016 | $2,617 | $217,553 | $70,702 | $146,851 |
| 2015 | $2,609 | $214,288 | $69,641 | $144,647 |
| 2014 | $2,495 | $210,092 | $68,278 | $141,814 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $850,000 | -- | $236 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $200,000 | Commonwealth Land Title Co | |
| Grant Deed | $479,500 | First American Title Ins Co | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | $3,100,000 | First American Title Co | |
| Grant Deed | $23,000 | Gateway Title Company | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Grant Deed | $93,000 | First American Title Ins Co | |
| Grant Deed | $49,000 | First American Title Ins Co | |
| Trustee Deed | $56,000 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $383,250 | Commercial | |
| Previous Owner | $2,250,000 | Commercial | |
| Previous Owner | $23,000 | Commercial | |
| Previous Owner | $67,500 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW25194762
APN: 443-090-029
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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