Residential Income – 675 S San Jacinto St, Hemet, CA 92543, USA -001-11-30T00:00:00-08:00
The subject property is 26 units consisting of three single story buildings. The property is individually metered for gas and electricity and has individual hot water heaters. Other features include secured entrance and parking, on-site laundry facility (lea
675 S San Jacinto St, Hemet, CA 92543, USA
$2,700,000 USD
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Address675 South San jacinto Street, Hemet
Price$2,700,000
Year Built1973
Bedrooms Total0
Living Area15,288 ft2
Lot Size (Sq.Ft.)47,045
Listing IDCV18132016
StatusActive
Parcel Number447173020
ZoningR1
Special ConditionsStandard
Days on Market75

Detailed Description: The subject property is 26 units consisting of three single story buildings. The property is individually metered for gas and electricity and has individual hot water heaters. Other features include secured entrance and parking, on-site laundry facility (leased), 26 carport spaces with storage lockers and low maintenance landscaping. Villa La Paz consists of all one-bedroom / one-bathroom apartment units. The units offer laminated flooring, carpet, ceiling fans, stoves, mini-blinds and private enclosed backyards. In addition, eight units have central air conditioning and eighteen units have window air conditioning and wall heaters.

Association
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address675 South San jacinto Street, Hemet
Street PrefixSouth
Street SuffixStreet
CityHemet
Location (MLS Area)223 – Hemet/San Jacinto
County Or ParishRiverside
State or ProvinceCA
Postal Code92543
Postal Code Plus46197
CountryUS
Financial Information
Price per Square Foot$176.61
Price per Lot Square Foot$57.39
Price per Unit$103,848
Special ConditionsStandard
Total Expenses$89,812
Professional Management Expense$9,623
Operating Expense$89,812
Insurance Expense$3,951
Gardner Expense$2,266
Electric Expense$929
Water Sewer Expense$18,726
Trash Expense$4,760
Maintenance Expense$12,200
Fuel Expense$380
Other Expense DescriptionOn-Site
Other Expense$5,400
Gross Income$238,672
Gross Scheduled Income$2,476,802
Net Operating Income$154,105
Laundry Income$1,639
Gross Multiplier10.9%
Other Income DescriptionLate Fees
Other Income 1$1,737
Tax Year2000
Tax Lot447
New Taxes Expense$30,426
Full Descriptions
Parcel Number447173020
Detailed DescriptionThe subject property is 26 units consisting of three single story buildings. The property is individually metered for gas and electricity and has individual hot water heaters. Other features include secured entrance and parking, on-site laundry facility (leased), 26 carport spaces with storage lockers and low maintenance landscaping. Villa La Paz consists of all one-bedroom / one-bathroom apartment units. The units offer laminated flooring, carpet, ceiling fans, stoves, mini-blinds and private enclosed backyards. In addition, eight units have central air conditioning and eighteen units have window air conditioning and wall heaters.
Lot Features26-30 Units / Acre
Community FeaturesSuburban
Water SourcePublic
Laundry FeaturesArea
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1973
Living Area (Sq.Ft.)15,288 ft2
Lot Size (Sq.Ft.)47,045
Lot Size SourceAssessor
Number of Buildings3
Number of Units Total26
ZoningR1
Stories Total1
Parking Spaces26
LevelsOne
Carport Spaces26
Water SourcePublic
Units Total26
Laundry EquipmentLease
Vacancy Allowance Rate3%
Average 1 Bedroom Area588 ft2
Number of Separate Electric Meters26
Number of Separate Gas Meters26
Number of Separate Water Meters1
Cap Rate (For Cash Payment Only)5.71
Listed withDAVID COVARRUBIAS (MARCUS & MILLICHAP)