Located at 41749 Marine Dr, Hemet, CA, this 4-plex presents an exceptional investment opportunity in a high-demand rental area. The single-structure building contains four 2-bedroom, 2-bathroom units, each approximately 840 square feet, offering spacious and comfortable living spaces. Two units have identical layouts, while the other two feature alternative floor plans, providing flexibility for a diverse tenant base. Each unit comes with its own garage—two with attached garages and two with detached garages—ensuring secure parking and additional storage space. The property includes separate water meters, simplifying utility management, and features central A/C and heating in every unit for year-round comfort. Additionally, all units have laundry hookups, with two inside the units and two located in the garages. The lot size is 7,405 square feet, providing ample space for tenants and future potential. On the market for the first time in 40+, this property offers a rare opportunity for investors seeking a stable, income-generating asset with strong long-term appreciation potential. With its prime location and desirable features, this 4-plex is an ideal addition to any real estate portfolio.
Home Style:
Contemporary, Ranch
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
7,405 sq. ft.688 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1978
(Age: 47)
General Listing Location:
Hemet, SRCAR - Southwest Riverside County
County Or Parish:
Riverside
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$60,672
Gross Scheduled Income:
$60,672
Net Operating Income:
$13,913
Rent Control:
No
Land Lease:
No
Insurance Expense:
$4,380.5
Operating Expense:
$48,206
Professional Management Expense:
$4,969.5
Trash Expense:
$0
Water and Sewer Expense:
$3,601.2
Tax Lot:
11
Florida Avenue, South on Sanford Street
Floor
Type
Size
Other
-
Primary Bedroom
00 × 00
-
-
Kitchen
00 × 00
-
-
Laundry
00 × 00
-
View:
None
Appliances:
Dishwasher, Gas Oven, Gas Range, Range Hood, Water Heater, Dryer
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
Community Features:
Street Lights, Suburban, Sidewalks
Senior Community:
No
Interior Features:
Ceiling Fan(s)
Exterior Features:
Lighting
Laundry Features:
Washer Hookup, Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Front Yard, Rectangular Lot, Street Level
Fireplace Features:
None
Levels:
One
Num Stories:
1
Entry Level:
0
Entry Location:
West Facing
Construction Materials:
Stucco
New Constr.:
No
Flooring:
Carpet, Tile, Vinyl
Foundation:
Slab
Roof:
Composition
Common Walls:
2+ Common Walls
# Units:
4
Property Condition:
Repairs Cosmetic
Heating:
Central
Fireplace:
No
Cooling:
Central Air
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected