Properties

Hemet, CA 92543 491 S Simpson

Pending
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Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433
  • MLS# SW26022810
  • 01/31/2026
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  • Baths • 1
  • SQFT • 4,000
  • Garage • 6

Home Details

THESE UNITS ARE BREATHTAKENLY FINE!!! This Hemet 4Plex is located in the nicest section of Hemet, adjacent to the Sierra Dawn community of Hemet. This community is the best location in Hemet, known for it's very high pride of ownership, and no crime or ghetto!!! Also, these units have been kept up like they are new! NEW ROOF! NEW HVAC'S! Upgraded cabinetry and appliances! Newer tile flooring. Granite counter tops! Check out the pictures. This place is REALLY, REALLY NICE!!! This complex consists of: One: 2 bedroom, 2 bath unit. Three: 1 bedroom, 1 bath units. One: 2 CAR GARAGE FOR THE 2 BEDROOM UNIT!! A nice roomy laundry room! THREE: 1 CAR GARAGES FOR THE 1 BEDROOM UNITS!!! Another 1 car garage. THIS COMPLEX HAS A TOTAL OF SIX GARAGES!!! All units are separately metered, with tenants signing up and paying their electric and gas. Landlord pays water and trash. While actual rents are below market, the rents are month to month and can be brought up to market. Please see rent roll, and rent comps attached in MARKETING PACKAGE. At actual rents, we're putting out a positive cash flow. And if you bring up the month to month rents to market, were putting out the following: $81,000 Annual Gross Income! A 9.26 Gross Rent Multiplier! A 9.11% Cap Rate! And a robust, double digit 17.52% Cash on Cash Return!!! For rent roll and rent comps, SEE SUPPLEMENTS ATTACHED. It must be noted that the 2 bedroom 2 bath unit is very large and beautiful. It totals approximated 2,000 SF (estimated). It has a living room, a dining room, huge kitchen, huge dining area, and very large master bathroom that has two large rooms within the bathroom. It also has very large walk-in closets. With the high square footage, one could easily convert this to a 4 bed 3 bath!!! With this location, you can't go wrong. You're virtually guaranteed, top of the market rents, low vacancy, and HUGE rent and price appreciation!!!
Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433

Interior Features for 491 S Simpson

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Total Stories1

Other Rooms

Entry Level1

General for 491 S Simpson

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityHemet
Community FeaturesGutter(s), Street Lights, Suburban, Sidewalks
CoolingCentral Air
CountyRiverside
DirectionsFrom Florida Ave, south on Palm
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces6
Garage Y/NYes
Gross Income
HeatingCentral
Insurance Expense
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan
Lot Size Square Feet10890
Lot Size UnitsSquare Feet
MLS AreaSRCAR - Southwest Riverside County
Net Operating Income0
New ConstructionNo
Number Of Units Total4
Operating Expense0
Pool FeaturesNone
PostalCityHEMET
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count1
Tax Lot1
Trash Expense0
Water Sewer Expense0
Year Built1973
Year Built SourceAssessor

Exterior for 491 S Simpson

Building Area Total4000
Lot Features2-5 Units/Acre
Lot Size Acres0.25
Lot Size Area10890
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters2
Private PoolNo
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $750,000
MLS#SW26022810
List Date 01/31/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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