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3626 W Devonshire Avenue

Hemet, CA 92545

– beds
– baths
– sqft
1 sqft lot
2008 build
– on site

This multi-parcel offering includes a fully-leased, 20-unit condominium complex within a gated community, as well as an adjacent 5.41-acre parcel of vacant land, primed for future development. With the potential to expand the site to accommodate up to 98 apartment units (buyer to verify), this property offers both immediate cash flow and significant development potential. Hemet, located in Riverside County, is a rapidly growing city known for its welcoming community and picturesque surroundings. With its strategic location near key Southern California markets and increasing demand for housing, Hemet is undergoing substantial growth and development, making it an ideal environment for real estate investment. The well-maintained property boasts desirable amenities, including a community swimming pool, clubhouse, and secure gated access. Ownership has made substantial capital investments to ensure the property’s condition remains in top form, further enhancing its appeal to both residents and investors. Situated at 3626 W Devonshire Ave, this stable, income-generating asset in the Inland Empire region offers a promising return on investment. Whether you are a first-time investor entering the market, an experienced investor looking to expand your portfolio, or considering a 1031 Exchange, this property presents an exceptional opportunity for stability, growth, and long-term value.

Listed By CRMLS_CA / Yuan Le / Ricky&Jessie Realty / 213-249-3255

Last checked: Checking… • Last updated Sep 19, 2024 •

MLS# TR24193765 —

The Building

Year Built:

2008
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

1.00
Building Area Units:

Square Feet
Total Number Of Units:

13
# of Buildings:

5
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

20
# of Separate Water Meters:

1
# of Separate Electric Meters:

20

Interior

Levels:

Two
Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

Madrid St & Anchorage St
Latitude:

33.75252600
Longitude:

-117.01015200

The Property

Property Type:

Residential Income
Subtype:

Condominium
Lot Size Area:

1.0000
Lot Size SqFt:

1.00
Lot Size Source:

Estimated
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

435.18
Tax Tract:

33707
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

448231001

Heating & Cooling

Heating:

1
Heating:

Central

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Street Lights
Pool:

Private, Fenced
Senior Community:

No
Spa:

1
Private Pool:

Yes
Spa Features:

In Ground
Assessments:

Yes
Assessments:

Unknown

Parking

Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/17/24 Sep 17, 2024	Listed / Active	CRMLS_CA	$6,200,000

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This multifamily located in Hemet, CA 92545 is currently for sale for $6,200,000. 3626 W Devonshire Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 92 days. This multifamily is in the attendance area of Tahquitz High School, Rancho Viejo Middle School, and Cawston Elementary School.

Listing Courtesy of: CRMLS_CA and Ricky&Jessie Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 14:26 on Dec 18.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.