Keegan Cin | Realtor® | License # DRE 01971604

Property

Hemet, CA 92545 451 Westminster Place

451 Westminster Place Hemet, CA - Image 1451 Westminster Place Hemet, CA - Image 2451 Westminster Place Hemet, CA - Image 3
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451 Westminster Place Hemet, CA - Image 4451 Westminster Place Hemet, CA - Image 5451 Westminster Place Hemet, CA - Image 6451 Westminster Place Hemet, CA - Image 7
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV25083680
  • 04/16/2025
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  • Beds • 4
  • Baths • 1
  • SQFT • 3,848
  • Garage • 4
  • Year Built • 1991

Home Details

Exclusive investment opportunity located at 451 Westminster Place in Hemet, California. Constructed in 1991, this property has a total of four units featuring a highly desirable mix of two 2-bedroom units with one & three quarter bathrooms and two 3-bedroom units with one & three quarter bathrooms. The downstairs 2-bedroom units each include direct access to an attached garage with direct entry into the unit, private backyards and in-unit laundry hookups. The upstairs 3-bedroom units offer private balconies, in-unit laundry hookups, and spacious living areas designed for families or those seeking additional room. All units are equipped with central air conditioning and heating, dishwashers, microwaves & gas stoves/ovens. Each unit has individual hot water heaters and is individually metered for gas and electricity. This property is under the West Court Homeowners' Association (HOA). To ensure a visually appealing environment, the HOA maintains front landscaping. Situated in Hemet, a growing city in Riverside County, the property benefits from strong demand in the rental market. The location is less than a mile North of 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.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 451 Westminster Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesBalcony, WalkInClosets
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 451 Westminster Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.01
Carport Spaces4.0
Carport Y/NYes
CityHemet
Community FeaturesSidewalks
CoolingCentralAir
CountyRiverside
DirectionsOff the 79 South to Westcourt Way, left of Westmister Pl.
Electric Expense425.0
Electric On Property Y/NNo
Entry LocationDrive by
Garage Spaces4.0
Garage Y/NYes
Gross Income92040.0
HOAYes
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4322.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet10454.0
Lot Size UnitsSquareFeet
MLS AreaSRCAR - Southwest Riverside County
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income58849.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces2.0
Operating Expense30430.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofTile
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax LotE
Taxes$11,071
Trash Expense1200.0
Water Sewer Expense2700.0
Waterfront Y/NNo
Year Built1991
Year Built SourcePublicRecords

Exterior for 451 Westminster Place

Building Area Total3848.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.24
Lot Size Area10454.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $980,000
MLS#CV25083680
List Date 04/16/2025
Property Type Multi-Family
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