- CENTURY 21 Real Estate
- California
- Hemet
- 491 S Simpson
491 S Simpson, Hemet, CA 92543
Local realty services provided by:CENTURY 21 Affiliated
491 S Simpson,Hemet, CA 92543
$750,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tony burton
Office: burton commercial, inc.
MLS#:SW26022810
Source:San Diego MLS via CRMLS
Price summary
- Price:$750,000
About this home
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 tha
Contact an agent
Home facts
- Listing ID #:SW26022810
- Added:1 day(s) ago
- Updated:January 31, 2026 at 11:28 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$750,000
New listings near 491 S Simpson
- New
$149,900Active2 beds 2 baths1,152 sq. ft.1167 Via Del Mesa, Hemet, CA 92543
MLS# IV26022860Listed by: NATIONAL REALTY GROUP - New
$39,900Active2 beds 2 baths1,080 sq. ft.42751 E Florida Avenue #146, Hemet, CA 92544
MLS# SW26022551Listed by: BASSETT & ASSOCIATES, REALTORS - New
$69,000Active2 beds 1 baths1295 S Cawston Ave #136, Hemet, CA 92545
MLS# SW26023007Listed by: CENTURY 21 MASTERS - New
$154,500Active2 beds 2 baths1,200 sq. ft.1083 Via Del Mesa, Hemet, CA 92543
MLS# SW26022967Listed by: CENTURY 21 MASTERS - New
$219,900Active2 beds 2 baths1,440 sq. ft.1550 San Vicente, Hemet, CA 92543
MLS# IV26022780Listed by: CENTURY 21 MASTERS - New
$299,999Active2 beds 2 baths1,427 sq. ft.1598 Amberwood Drive, Hemet, CA 92543
MLS# SW26022522Listed by: EXP REALTY OF CALIFORNIA, INC. - New
$415,000Active3 beds 2 baths1,828 sq. ft.1923 Tamarack, Hemet, CA 92545
MLS# SW26019126Listed by: FEIGEN REALTY GROUP - New
$550,000Active4 beds 3 baths2,222 sq. ft.1439 Jewelstone, Hemet, CA 92545
MLS# SW26021016Listed by: RE/MAX DIAMOND PRESTIGE - New
$299,999Active2 beds 2 baths1,008 sq. ft.861 Majela, Hemet, CA 92543
MLS# SW26019041Listed by: EXIT ALLIANCE REALTY