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1031 E Latham Avenue

Hemet, CA 92543
  • $699,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 219064954
UPDATED: 34 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

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!

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©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The John Jay Group - Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2021-12-08T13:35:21.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.searchdesertrealestate.com/homes/119404103
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1031 E Latham Avenue Hemet, CA 92543

  • Price: $699,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 34 min ago
  • MLS #: 219064954
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
220 - Sage - Southwest Hemet
County:
Riverside
Area:
220 - Sage - Southwest Hemet
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!
Exterior Features

Total Parking Spaces 22.00 Total Uncovered Assigned Spaces 22.00

Property Features

Expenses Annual Maintenance 4200.00 Expenses Annual Trash 1727.46 Expenses Total Monthly Rent 3550.00 Income Gross Monthly 3550.00 Listing Terms CashConventionalOwner May Carry Property Sub Type Office Sale Type Standard

Listing information © 2021 California Desert Association of Realtors.
Listing provided courtesy of Mitchell S Matthews of Re/Max Consultants.
©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The John Jay Group - Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2021-12-08T13:35:21.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210