Keegan Cin | Realtor® | License # DRE 01971604

Property

Hemet, CA 92543 685 N State Street

685 N State Street Hemet, CA - Image 1685 N State Street Hemet, CA - Image 2685 N State Street Hemet, CA - Image 3
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685 N State Street Hemet, CA - Image 4685 N State Street Hemet, CA - Image 5685 N State Street Hemet, CA - Image 6685 N State Street Hemet, CA - Image 7
Presented By: David Covarrubias with MARCUS & MILLICHAP; 626-319-2479
  • MLS# CV25044443
  • 02/28/2025
  • Request Tour
  • Request Info
  • Beds • 38
  • Baths • 1
  • SQFT • 1,200
  • Year Built • 1960

Home Details

We are pleased to exclusively present the opportunity to acquire Town and Country Mobile Home Park at 685 North State Street in the city of Hemet, California. The mobile home park is an all-age community located on the southwest corner of North State Street and East Menlo Avenue. The park sits on 1.87 acres (81,457 SF) of land and consists of thirty-six single-wide/trailer home sites with one park-owned mobile home. There is also a two-bedroom/ one-bathroom single family home located in the northeast corner of the park. The single-family home offers a pitched roof, a fenced front yard, and a private backyard. The sites are directly metered for gas and electricity and the water is sub-metered. In addition, the owner receives a flat rate reimbursement for trash and sewer. The park is serviced by city water and sewer. The mobile home park rent increases are to be reviewed by the city of Hemet Mobile Home Park Rent Commission. Town and Country Mobile Home Park is less than one mile north of Downtown Hemet Districts and the principal thoroughfare of Florida Avenue, also known as the State Route 74 that takes commuters west to the I-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Major department stores and grocery stores including Walmart, Grocery Outlet, Sprouts, Target, Smart & Final, and Stater Bros. Markets are within three-mile drive from the mobile home park. In addition, the city of Hemet is surrounded by multiple outdoor and indoor recreational opportunities for all ages including Valley Vista Community Center, Weston Park, Seven Hills Golf Club, and most famous of all, Diamond Valley Lake. The lake is one of the largest and newest reservoirs in Southern California with a capacity of 800,000 acre-feet and is world-renowned for its black bass fishing. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community.
Presented By: David Covarrubias with MARCUS & MILLICHAP; 626-319-2479

Interior Features for 685 N State Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 685 N State Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.98
Carport Y/NNo
CityHemet
Community FeaturesSidewalks
CountyRiverside
DirectionsSouthwest corner of State St and Menlo Ave intersection
Electric Expense4188.0
Electric On Property Y/NNo
Entry LocationGround
Fuel Expense1762.0
Garage Spaces0.0
Garage Y/NNo
Gross Income249004.0
HOANo
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet81457.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense11317.0
MobileHomeRemainsYNNo
Net Operating Income131656.0
New ConstructionNo
Number Of Units Total37
Operating Expense117348.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalManufacturedOnLand
Property SubtypeManufacturedOnLand
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1
Taxes$25,007
Trash Expense15402.0
Water Sewer Expense17564.0
Waterfront Y/NNo
Year Built1960
Year Built SourceOther

Exterior for 685 N State Street

Building Area Total1200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, LotOver40000Sqft
Lot Size Acres1.87
Lot Size Area81457.0
Lot Size SourceOther
Number of Buildings1
Number of Separate Electric Meters37
Number of Separate Gas Meters37
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $2,200,000
MLS#CV25044443
List Date 02/28/2025
Property Type Multi-Family
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Request Info
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