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    454 E 1st St

    San Jacinto, CA 92583
    • $5,295,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: CV21059950
    Price Reduced
    UPDATED: 38 min ago
    $5,295,000
    • 0
      BEDS
    • 2.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,833
      SQFT
    • $177
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    The subject properties offer investors a rare opportunity to acquire a 30-unit portfolio of small multifamily properties in the ever-growing cities of Hemet and San Jacinto. The portfolio consists of twelve properties, all of which are strategically located in three separate neighborhoods. All the units contain 2 bedrooms with 2 bathrooms and each property is either a Duplex, Triplex or Fourplex. Twenty seven out of the thirty units are single story and every unit comes with a garage. The properties have been meticulously maintained and they all feature desert landscaping, which allows for easier routine maintenance. The amenities of these units have historically commanded a much higher rent than 2-bedroom apartment units in comparison.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T15:38:58.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/115373134
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    454 E 1st St San Jacinto, CA 92583

    • Price: $5,295,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: CV21059950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.69
    Acres
    29,833
    SQFT
    $177
    $/SQFT
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Riverside
    Area:
    699 - Not Defined
    Property Description
    The subject properties offer investors a rare opportunity to acquire a 30-unit portfolio of small multifamily properties in the ever-growing cities of Hemet and San Jacinto. The portfolio consists of twelve properties, all of which are strategically located in three separate neighborhoods. All the units contain 2 bedrooms with 2 bathrooms and each property is either a Duplex, Triplex or Fourplex. Twenty seven out of the thirty units are single story and every unit comes with a garage. The properties have been meticulously maintained and they all feature desert landscaping, which allows for easier routine maintenance. The amenities of these units have historically commanded a much higher rent than 2-bedroom apartment units in comparison.
    Exterior Features

    Lot Features Near Public TransitWalkstreetYard Number Of Separate Electric Meters 30 Parking Features Door-SingleDriveway Up Slope From StreetGarageGarage Faces Side Parking Total 54 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 4 Common Interest None Community Features FoothillsGolfSidewalks Electric Expense 1901 Garage YN Yes Gross Income 372108 Gross Scheduled Income 372108 Insurance Expense 11739 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms 1031 Exchange Maintenance Expense 29545 Net Operating Income 206176 New Construction YN No New Taxes Expense 71250 Number Of Separate Gas Meters 30 Number Of Separate Water Meters 0 Operating Expense 154769 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 8612 Water Sewer Expense 16837 Water Source Public

    Listing provided courtesy of Nick Mercurio of Cb Richard Ellis


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T15:38:58.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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