456 N Weston Pl | Hemet, CA 92543
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- LoopNet Team
456 N Weston Pl
Hemet, CA 92543
Multifamily Property For Sale · 7 Units
Investment Highlights
- In-place Current CAP Rate of 5.00% With an Impressive ProForma CAP Rate of 5.85% (ProForma CAP Rate at Market Rents).
- Below Market Rents With Upside for Potential Investor.
- Affordable Housing Programs Both City and Statewide Are Contributing to High Demand For Housing In Hemet and San Jacinto Valley.
- Current GRM of 12.50 With a ProForma GRM of 10.93
- 100% Collections Throughout Pandemic.
- Property Repairs Completed on A scheduled Basis Throughout Ownership Without Deferring.
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Single Family Home | Year Built/Renovated | 1961/2021 |
| Building Class | C | Parking Ratio | 3.11/1,000 SF |
| Lot Size | 0.30 AC |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2021 |
| Parking Ratio | 3.11/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,250 | 550 |
| 3+1 | 1 | $1,650 | 1,200 |
PROPERTY TAXES
| Parcel Number | 445-102-013 | Improvements Assessment | $218,640 |
| Land Assessment | $62,466 | Total Assessment | $281,106 |
PROPERTY TAXES
Parcel Number
445-102-013
Land Assessment
$62,466
Improvements Assessment
$218,640
Total Assessment
$281,106
zoning
| Zoning Code | R2 |
| R2 |
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