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$998,000

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9 Beds

8 Baths

4,138 SqFt

New

962 Monarch Hemet, CA 92543

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,138 sqft

Price per Sqft $241

MLS Listing ID SW26110285

Bedrooms 9

Full Baths 8

HOA Y/N No

Year Built 1980

Lot Size 0.260 Acres

Property Sub-Type Quadruplex

Property Description

Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Rooms

Main Level Bedrooms 9

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling Central Air

Flooring Tile

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Direct Access, Garage, On Street

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Desert Front, Landscaped, Street Level

Dwelling Type Quadruplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Hemet Unified

Others

Senior Community No

Tax ID 446320062

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Contract, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Contract, Submit

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Cynthia Mitchell Exit Alliance Realty 951-837-9556, DRE #01971983

NEARBY SCHOOL & BUSINESS

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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962 Monarch Hemet, CA 92543

Mason Frakes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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962 Monarch