For Sale
$7,160,000

792 Oleander StHemet, CA 92543

12 Buildings, 30 Units, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of twelve multifamily properties totaling 30 units situated in Hemet, California. The portfolio comprises eight duplexes, two triplexes, and two fourplexes, constructed between 1974 and 1989, offering a diverse range of building types. Each unit boasts a desirable and spacious two-bedroom, one-and-three-quarter-bathroom floor plan, appealing to a wide tenant base. The combined lot size spans 114,124 square feet, and the total net rentable square footage is 31,014 square feet. The portfolio is offered at an asking price of $7,160,000, representing a price per unit of $238,666.67 and a price per square foot of $230.86. With a Net Operating Income (NOI) of $325,555, the portfolio exhibits a compelling 4.55% capitalization rate. This well-maintained portfolio offers a strong cash flow and significant potential for future appreciation, making it an attractive investment for discerning buyers. The properties are located in Hemet, Riverside County, CA, zip code 92543, at 792 Oleander St and other addresses within the portfolio. Note that the portfolio is offered in three tranches

Highlights

  • 12 multifamily properties (30 total units) for sale in Hemet and San Jacinto, CA.
  • Portfolio includes eight duplexes, two triplexes, and two fourplexes built between 1974 and 1989.
  • All units are 2-bedroom, 1.75-bathroom apartments.

Property Details for 792 Oleander St

Property type
Apartment buildings
Square Feet
31,014 SF
Year Built
1974
Buildings
12
Units
30

Location Insight

City
Hemet
County
Riverside
State
California
Latitude
33.7395524
Longitude
-116.9792515
792 Oleander St, Hemet, California

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792 Oleander St
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