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    1135 Valencia Avenue

    Hemet, CA 92543
    • $515,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: IV20215463
    UPDATED: 31 min ago
    $515,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,250
      SQFT
    • $158
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Great opportunity to pick up this established investment property located in the heart of Hemet with a lot of upgrades, no capital expenditures will be needed for the next couple of years. 3 units down stairs, each with fenced backyards and one upstairs with a balcony. This property features separate electrical meters, central a/c and furnace, and separate gas meters for each unit.Owner also selling the four-plex next door and one across the street, all can be purchase together for a total of 12 units. Take advantage of no commercial loans needed.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T20:33:41.043. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110943478
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    1135 Valencia Avenue Hemet, CA 92543

    • Price: $515,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: IV20215463
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,250
    SQFT
    $158
    $/SQFT
    1979
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    Great opportunity to pick up this established investment property located in the heart of Hemet with a lot of upgrades, no capital expenditures will be needed for the next couple of years. 3 units down stairs, each with fenced backyards and one upstairs with a balcony. This property features separate electrical meters, central a/c and furnace, and separate gas meters for each unit.Owner also selling the four-plex next door and one across the street, all can be purchase together for a total of 12 units. Take advantage of no commercial loans needed.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 164.64 Elevation Units Feet Fuel Expense 0.00 Gross Income 50544.00 Gross Operating Income 50544.00 Gross Scheduled Income 50544.00 Insurance Expense 1545.00 Land Lease YN Yes Laundry YN Yes Maintenance Expense 600.00 Net Operating Income 31437.74 New Construction YN No New Taxes Expense 6437.50 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 0.00 Other Expense 832.20 Professional Management Expense 3454.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4212.00 Total Expenses 19106.26 Trash Expense 2572.80 Vacancy Allowance 5 Water Sewer Expense 3500.40 Water Source Public Year Built Source Other Zoning R3

    Listing provided courtesy of Manuel Marquez of Golden California


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T20:33:41.043. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003