CA > Hemet
Hemet, CA 92543,1220 E Campus WAY
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Hemet, CA 92543,1220 E Campus WAY
Hemet, CA 92543,1220 E Campus WAY
Hemet, CA 92543,1220 E Campus WAY
Hemet, CA 92543,1220 E Campus WAY
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Tatiana Batmanian

Tatiana Batmanian

+1(818) 726-2663
$ 595,000
Est. payment /mo
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Active

1220 E Campus WAY Hemet, CA 92543

9,539 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25148426

HOA Y/N No

Year Built 1956

Lot Size 9,539 Sqft

Lot Dimensions Assessor

Property Sub-Type Triplex

Property Description

We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring—resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don't miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning CI

Interior

Interior Features All Bedrooms Down

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Driveway

Fence Block

Pool None

Community Features Biking, Golf, Horse Trails

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 445102016

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443
agent

Tatiana Batmanian

Director, Estates Division | License ID: 01986103

+1(818) 726-2663

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1220 E Campus WAY