736 N State Street

    Hemet, CA 92543
    • $1,295,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: WS19131980
    UPDATED: 227 min ago
    $1,295,000
    • 0
      BEDS
    • 0.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,189
      SQFT
    • $91
      $/SQFT
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Amazing investment opportunity for +14,000 SF office building performing asset below replacement cost at less than $90 SF. Outstanding 24 unit complex, constructed in 1980 with condo map on major commercial corridor. Units starting at 575 SF with central air, patios or balconies. Well maintained with ample parking, long term tenants and professionally managed. Conveniently located near Court House, City Hall, Library, Hemet Valley Medical Center and the new William Lyon Development.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T00:31:47.47. 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 Berkshire Hathaway Home Services California Properties. Licensed in the State of California, USA.
    www.kevinhillre.com/homes/95618093

    736 N State Street Hemet, CA 92543

    • Price: $1,295,000
    • Status: Active
    • Updated: 227 min ago
    • ID#: WS19131980
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.9
    Acres
    14,189
    SQFT
    $91
    $/SQFT
    1980
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    Amazing investment opportunity for +14,000 SF office building performing asset below replacement cost at less than $90 SF. Outstanding 24 unit complex, constructed in 1980 with condo map on major commercial corridor. Units starting at 575 SF with central air, patios or balconies. Well maintained with ample parking, long term tenants and professionally managed. Conveniently located near Court House, City Hall, Library, Hemet Valley Medical Center and the new William Lyon Development.
    Exterior Features

    Construction Materials Stucco Lot Features Lot 20000-39999 SqftNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Gross Scheduled Income 84360.00 Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 42060.00 Operating Expense 42300.00 Property Sub Type Mixed Use Retail Center Type Mixed Use Special Listing Conditions Standard Water Source Public Zoning C1

    Listing provided courtesy of Jonathon Tan of Ko Tai Realty and Helen Fann of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T00:31:47.47. 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 Berkshire Hathaway Home Services California Properties. Licensed in the State of California, USA.
     
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