792 Oleander StHemet, CA 92543

  • Residential income properties
  • 31,014 SF
For Sale
$7,160,000 View listing

Property Details for 792 Oleander St

Year built
1974
Property size (Sq ft)
31,014 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

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

792 Oleander St, Hemet, California

Location Insight

City
Hemet
County
Riverside
State
California
Latitude
33.7396
Longitude
-116.979

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