962 Monarch, Hemet, CA 92543
Jim & Kim Carmichael
Jim & Kim Carmichael

+1(619) 846-1906

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$ 860,000

$ 948,000 9.3%

Est. payment | /mo

9 Beds

8 Baths

4,138 SqFt

$ 860,000

$ 948,000 9.3%

Est. payment | /mo

9 Beds

8 Baths

4,138 SqFt

Key Details

Sold Price $860,000

Property Type Condo

Sub Type All Other Attached

Listing Status Sold

Purchase Type For Sale

Square Footage 4,138 sqft

Price per Sqft $207

MLS Listing ID SW26110285

Sold Date 08/17/26

Bedrooms 9

Full Baths 8

Year Built 1980

Lot Size 0.260 Acres

Property Sub-Type All Other Attached

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.

Location

State CA

County Riverside

Direction FROM 79 HWY, Turn R Domenigoni Pkwy., L State St., R onto E Johnston, R onto Monarch.

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Tile

Fireplace No

Exterior

Parking Features Direct Garage Access

Garage Spaces 4.0

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View City Lights

Total Parking Spaces 4

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 446320062

Acceptable Financing Cash, Land Contract, Cash To Existing Loan, Cash To New Loan, Submit

Listing Terms Cash, Land Contract, Cash To Existing Loan, Cash To New Loan, Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Cynthia Mitchell, DRE#01971983 Exit Alliance Realty 
Co-listed byNON LISTED OFFICE
Bought with Caitlyn Deritis Exit Alliance Realty

NEARBY SCHOOL & BUSINESS

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Jim & Kim Carmichael

Jim & Kim Carmichael

License ID: 0675443, 01719088

+1(619) 846-1906

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Phone*
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962 Monarch