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597 Montecito Ave

Hemet, CA 92543
  • $995,000
  • STATUS: ACTIVE
  • ON SITE: 27 Days
  • ID#: 210030732
Price Reduced
$995,000
  • 8
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,080
    SQFT
  • $244
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

Description

Fantastic investment property with lots of upswing. Low maintenance and high rentability. Long term tenants. All units have an enclosed patio areas and 2 full car garages. one unit has small backyard with fireplace. 2 units could possible be converted to additional bedroom which will mean more income. (check with city planning for restrictions). All units have washer/dryer hookups inside unit. Owner is willing to sell these 4 individual or with additional building located adjacent with 4 more units (597 Montecito Ave). Buyer has potential to own 8 complete units at ($12000/mo income) for both buildings !!!

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123098655
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597 Montecito Ave Hemet, CA 92543

  • Price: $995,000
  • Status: ACTIVE
  • On Site: 27 Days
  • ID#: 210030732
8
Beds
8
Baths
0
½ Baths
N/A
Acres
4,080
SQFT
$244
$/SQFT
1978
Built
Neighborhood:
Montecito
County:
Riverside
Area:
Riv Cty-Hemet (92543)
Property Description
Fantastic investment property with lots of upswing. Low maintenance and high rentability. Long term tenants. All units have an enclosed patio areas and 2 full car garages. one unit has small backyard with fireplace. 2 units could possible be converted to additional bedroom which will mean more income. (check with city planning for restrictions). All units have washer/dryer hookups inside unit. Owner is willing to sell these 4 individual or with additional building located adjacent with 4 more units (597 Montecito Ave). Buyer has potential to own 8 complete units at ($12000/mo income) for both buildings !!!
Exterior Features

Exterior Stucco Fencing Full Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 2 Parking Garage Spaces Unit4 2 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 4 Units With Patios 4

Interior Features

Cooling Heat Pump(S) Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 2 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 6.61 Age Restrictions N/K Annual Expense Actual 2636 Annual Expense Projected 2636 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park None Cross Streets Buena Vista Gross Rent Multiplier Actual 175.0 Gross Scheduled Income Actual 72000 Gross Scheduled Income Project 96000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 93364 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 9.0 Sales Restrictions Call Agent Security N/K Short Sale No Tenant Pays ElectricityHot Water Terms CashConventionalExchange Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 2000.0 Unit1 Rent Actual 1500.0 Unit2 Deposit 900 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 1500.0 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 2000 Unit3 Rent Actual 1500.0 Unit4 Deposit 1200 Unit4 Occupied Tenant Unit4 Projected Rent 2000 Unit4 Rent Actual 1500.0

Listing provided courtesy of Centrixusa. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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