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962 Monarch

Hemet, CA 92543
  • $998,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: SW26090634
UPDATED: 43 min ago
$998,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Listing Agent(s): Cynthia Mitchell of Exit Alliance Realty (951-639-8777)


Description

Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T21:35:55.657. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/175901159
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962 Monarch Hemet, CA 92543

  • Price: $998,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 43 min ago
  • ID#: SW26090634
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1980
Built
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.
Exterior Features

Entry Level 1 Entry Location Main Level Lot Features 2-5 Units/AcreBack YardDesert FrontLandscapedStreet Level Number Of Separate Electric Meters 4 Parking Features Direct AccessGarageOn Street Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Flooring Tile Heating Central Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Common Interest None Community Features BikingCurbsStorm Drain(s)Street LightsSidewalks Garage YN Yes Gross Income 82200 Gross Scheduled Income 82200 Insurance Expense 2985 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanContractSubmit Net Operating Income 64201 New Construction YN No New Taxes Expense 8838 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 17999 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 82200 Trash Expense 1496 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 4200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T21:35:55.657. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Cynthia Mitchell of Exit Alliance Realty (951-639-8777)