Hemet, CA 92543 221 S PALM AVE.
$1,895,000
Presented By: Mike Culton with Brubaker Culton R.E. & Dev.; 951-658-7211
Beds • 8
Baths • 1
SQFT • 2,274
Year Built • 1924
Home Details
5 units, easy to keep rented. all older but seller keeps in great condition. Across the street from a major shopping center with easy access so units are easy to keep rented. Just down the street from State Highway 74, (Florida Ave.). This is a cherry, don't let someone else pick it.
Presented By: Mike Culton with Brubaker Culton R.E. & Dev.; 951-658-7211
Interior Features for 221 S PALM AVE.
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl, Wood
Heating Y/NYes
Interior AmenitiesAllBedroomsDown
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 221 S PALM AVE.
AccessibilityNone
Additional Parcels Description442-093-016
Additional Parcels Y/NNo
AppliancesGasCooktop, GasRange, GasWaterHeater
Architectural StyleBungalow
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityHemet
Community FeaturesBiking, Curbs, Foothills, Fishing, Golf, Gutters, Hiking, Hunting, Lake, Mountainous, NearNationalForest, Park, Rural, StormDrains, StreetLights, Suburban, Sidewalks, Valley, WaterSports
Construction MaterialsBoardAndBattenSiding
CoolingWallWindowUnits
CountyRiverside
DirectionsHIGHway t4 into Hemet, becomes Florida Ave. Turn right on Palm Ave. and drive to units.
ElectricElectricityOnProperty
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFRONT
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income28600.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Amount0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Exchange1031, Submit
Lot Size Square Feet15681.0
Lot Size UnitsSquareFeet
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
Net Operating Income845.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Operating Expense29445.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lottwo
Tenant PaysAllUtilities, CableTv, Electricity, Gas
Total Actual Rent105000.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewMountains
Water Sewer Expense2900.0
Year Built1924
Year Built SourceAssessor
Zoningcomm.
Exterior for 221 S PALM AVE.
Building Area Total2274.0
Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, Level, NearPublicTransit, StreetLevel
Lot Size Acres0.36
Lot Size Area15681.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,895,000
MLS#SW25128857
List Date
06/09/2025
Property Type
Multi-Family
Phone
(310) 963-5595
