tomo logo

$2,295,000

Beds
Unknown
sq ft
10,000

43611 State Highway 74, Hemet, CA 92544

43611 State Highway 74

Hemet, CA 92544

  • 609 days on market
    • Price drop $204,000↓
Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds, etc. One apartment has an AC unit less than a year old. The gated pool was remodeled with new plaster, new handrails, pump, etc. at the end of 2021. Convenient to shopping and Ramona Expressway.

Details

Property type

Mixed Use

Lot size

0.31 acres

Price per sq ft

$230

Year built

1964

Price History

02/26/2024
CRMLS

CRMLS #SW23047527

Price change
$2,295,000
-8.16%
03/24/2023
CRMLS

CRMLS #SW23047527

Listed
$2,499,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Axos Bank

Loan start date

January 2020

Original loan amount

$720,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Commercial

Seller

Samir Harvey Owen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 9:55 AM

Listing updated: 10/06/2024 at 7:51 PM

Listed by: Dana Anderson, Kimmell-Anderson Property Mng. Phone #: (951) 929-7651

MLS: CRMLS #SW23047527

CRMLS logo

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