123 North Inez Street
Description
123 North Inez Street is centrally located with only minutes’ walk away from Downtown Hemet. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community. The city hosts weekly farmer’s market and street fair that highlights local small businesses, homemade vendors, and local farms.
- Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-319-2479
- Listed by Douglas McCauley • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
Property Details for 123 North Inez Street
Property Details for 123 North Inez Street
| Status | Active |
|---|---|
| MLS # | CV24220030 |
| Days on Market | 35 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1968 |
| County | Riverside County |
Building Information for 123 North Inez Street
Property Information for 123 North Inez Street
- Gross Income: $373,762
- Gross Scheduled Income: $384,216
- Vacancy Allowance: 19211
- Vacancy Allowance Rate: 5
- Gross Operating Income: $373,762
- Net Operating Income: $176,267
- Other Income Description: Late Charges Income
- Other Income 1: $8,757
- Gross Multiplier: 8.38
- Cap Rate: 5.47
- Operating Expense: $197,495
- Operating Expense Percent: 52.80%
- New Taxes Expense: $38,000
- Gardener Expense: $1,760
- Fuel Expense: $4,960
- Pest Control Expense: $2,995
- Electric Expense: $30,922
- Insurance Expense: $30,000
- Maintenance Expense: $19,211
- Professional Management Expense: $26,600
- Trash Expense: $8,799
- Water Sewer Expense: $34,248
- Total Expenses: $197,495
- Tax Block: 11
- Tax Tract Number: 0
- Tax Census Tract: 434.01
- CFD/Mello-Roos Fee: $0
- Tax Lot: 9
- Community Features: Sidewalks
- Laundry: No
- Laundry Features: None
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Lot 20000-39999 Sqft
- Number Of Units: 28
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 6
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,020
- Unit Type Total Rent: $6,120
- Unit Type Pro Forma: 1115
- Unit Type Type: 1
- Unit Type Units Total: 20
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,158
- Unit Type Total Rent: $23,153
- Unit Type Pro Forma: 1265
- Unit Type Type: 2
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,373
- Unit Type Total Rent: $2,745
- Unit Type Pro Forma: 1500
- Unit Type Type: 3
- Rent Controlled: No
- Number Of Buildings: 19
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 123 North Inez Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 123 North Inez Street
Schools near 123 North Inez Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Jacob Wiens Elementary School PublicK to 5 | ||
Rancho Viejo Middle School Public6 to 8 | ||
Tahquitz High School Public9 to 12 | ||
Hemet Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.