123 N Inez Street
Hemet, CA 92543
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1968 build
- – on site
We are pleased to exclusively present the opportunity to acquire 123 North Inez Street, a 28-unit multifamily investment property in the city of Hemet, California. The offering consists of multiple duplexes and cottage-style single-story units that were constructed between 1920 to 1968. The buildings sit on a single parcel of 0.91 acres (39,640 square feet) with approximately 200 feet of frontage on North Inez Street (east) and 100 feet of frontage on North Alessandro Street (west). The offering includes six studio/one-bathroom floor plans, twenty one-bedroom/one-bathroom floor plans, and two two-bedroom/one-bathroom floor plans. The buildings offer pitched roofs and were renovated with freshly painted exteriors. Selected units offer new vinyl flooring, new kitchen and bathroom cabinetry, new windows, and a private front/back patio. Each unit is equipped with a wall-unit air conditioning. The majority of units (22) are master metered for utilities. Six units are individually metered for gas, electricity and have individual hot water heaters. For parking, there are approximately twelve open parking spaces and other tandem parking spaces. The offering is located just north of East Florida Ave, also known as State Route 74, the principle thoroughfare that takes commuters west to the I-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Major department stores and grocery stores including Walmart, Grocery Outlet, Sprouts, Target, Walgreens, Smart & Final, and Stater Bros. Markets are within three-mile drive from the subject property. 123 North Inez Street is centrally located with only minutes’ walk away from Downtown Hemet. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community. The city hosts weekly farmer’s market and street fair that highlights local small businesses, homemade vendors, and local farms.
Last checked:
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Last updated Oct 30, 2024
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MLS# CV24220030 —
The Building
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Year Built:1968
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Year Built Source:Other
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:12240.00
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Building Area Units:Square Feet
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# of Buildings:19
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Total Number Of Units:28
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Stories Total:1
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# of Separate Gas Meters:7
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# of Separate Water Meters:1
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# of Separate Electric Meters:7
Interior
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Levels:One
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Entry Location:Front
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Laundry:None
Location
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Directions:North of E Florida Ave, Between N Inez St and N Alessandro St
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Latitude:33.74838900
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Longitude:-116.97323000
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:R3
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Lot Features:Lot 20000-39999 Sqft
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Lot Size Area:0.9100
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Lot Size Acres:0.9100
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Lot Size SqFt:39639.60
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Lot Size Source:Other
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:11
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Tax Census Tract:434.01
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:443223008
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Sidewalks
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Pool:None
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | $3,219,944 |
