Hemet, CA 92543 233 N Inez Street
$1,295,000
22 more
Presented By: Angelica Vaimaona with Realty ONE Group Pacific; marokiangelica@gmail.com
Beds • 8
Baths • 8
SQFT • 5,200
Garage • 4
Year Built • 1979
Home Details
8 UNIT APARTMENT BUILDING EACH WITH 1 BEDROOM 1 BATH, OVERSIZED LIVING ROOMS, SEPARATE WALK-IN CLOSETS, LOTS OF CABINET SPACE, KITCHENS WITH ALL APPLIANCES. 4 UNITS HAVE BALCONIES, 2 UNITS HAVE ENCLOSED BACK PATIOS. 10 INDIVIDUAL CAPORT SPACES & 4 DETACHED NON-USED EMPTY GARAGES. COIN OPERATING LAUNDRY ROOM. MOST OCCUPANTS HAVE BEEN LONG TERM TENANTS. ALL UNITS HAVE BEEN UPDATED WITH FRESH INTERIOR PAINT, FLOORING, APPLIANCES AND FIXTURES. RENTS HAVE NOT BEEN INCREASED IN 2 YEARS AND GARAGES ARE EMPTY THEREFORE THERE IS A HIGHER INCOME POTENTIAL.
Presented By: Angelica Vaimaona with Realty ONE Group Pacific; marokiangelica@gmail.com
Interior Features for 233 N Inez Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore, EndUnit
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 233 N Inez Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.54
Carport Spaces8.0
Carport Y/NYes
CityHemet
Community FeaturesSidewalks
ContingencySubject to Seller 1031 Exchange at no Cost to the Buyer.
CountyRiverside
DirectionsSTATE STREET TO LATHAM TO INEZ
Electric On Property Y/NNo
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income111990.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3846.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet13503.0
Lot Size UnitsSquareFeet
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
Net Operating Income48196.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Open Parking Spaces0.0
Operating Expense65797.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6/19, 20
Taxes$8,632
Trash Expense4305.0
Virtual TourClick here
Water Sewer Expense10504.0
Waterfront Y/NNo
Year Built1979
Year Built SourceAssessor
ZoningCommercial Apartment Hous
Exterior for 233 N Inez Street
Building Area Total5200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, StreetLevel
Lot Size Acres0.31
Lot Size Area13503.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking12.0
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,295,000
MLS#NDP2501060
List Date
02/01/2025
Property Type
Multi-Family
Phone
(310) 963-5595
