Address
1031 Latham Avenue Hemet, CA
Price
$ 650,000
Property Attributes
  • MLS#219058984DA
  • TypeCommercial
  • CountyRIVERSIDE
  • CityHemet
  • AreaSage-Southwest Hemet
  • Zip92543
  • Style
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Mitchell Matthews with RE/MAX Consultants.
Data Source:
CRMLS
Property Description

Phenomenal Opportunity to own a Large Multi Unit Commercial Income Producing Property directly across from the Hospital! Best location you can ask for with a great buying CAP rate just under 5%, long term rents, strong rental history and plenty of upside. 4 Large Units that are perfect for Medical Offices, Dentistry, Therapy, Chiropractic and More. This building is a perfect opportunity and turn key for an investor or needing an office space for your business. Have tenants pay your expenses and profit! 3 of the office units are currently rented to a dental company and the other 2 are medical offices. One unit is vacant and move in ready! Plenty of upside and major improvements done to the property with newer Entry Doors, Newer Roof, large 22 space Parking lot which has Newer re-paved Asphalt! More upgrades include Electrical upgrades, Professional Landscaping, Exterior trim painted and more. The units are boasting 1,014-1,178 square feet each and already set up with Reception Areas, Patient rooms, Private Offices and Bathrooms. There are 22 Parking Places in which 2 spaces are covered under a large carport and handicapped parking space. What more could you ask for? AND most important is the location and opportunity for increased rents and purchasing at a great cap rate for Southern California! Pro-Forma shows cap rate to be 8.7%! Price to sell, call asap for more info!

Price History
3/18/2021 Listed $650,000

General Features

Business Type Professional/Office
MLS Area 220 - Sage-Southwest Hemet
Open Parking Spaces 20
Property Type Commercial Sale

Exterior Features

Lot Features Landscaped, Sprinkler System
Lot Size Source Assessor
Total Parking 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92543

Price
AVG $590K
$650K
Visits
AVG 215
26
Year Built
AVG 1971
1964
Walkscore
AVG 75
85
Data Provided by Walkscore ® not using MLS data

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