501 Cedar Place

Hemet, CA 92543

$525,000
Price
4
Beds
3
Baths
1,752 Sq. Ft.
$300 / Sq. Ft.
1,752
Sq. Ft.
$300
per Sq. Ft.

Description

Awesome investment property available for you. This triplex is fully occupied with long term tenants. The property has been well maintained.Awesome investment property available for you. This triplex is fully occupied with long term tenants. The property has been well maintained.
  1. Listed by Damien Melle • DRE #01382073 • Brokerage DRE #01382073 • Modern Real Estate Shop

Property Details for 501 Cedar Place

Zoning
R3
Parcel Number
443090013
Total Units
3.0
Living Area
1752
Source Living Area
Vendor Enhanced
Area
Sage - Southwest Hemet (220)
Vacancy Rate
0
Lot Size Area
7841
LISTING UPDATED: 11/17/2024 02:57 PM

Property Details for 501 Cedar Place

StatusActive
MLS #24-464549
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.18 AC / 7,841 SF
CountyRiverside County

Building Information for 501 Cedar Place

Stories1Residences-Year Built1963Building Size-Lot Size0.18 AC / 7,841 SF

Property Information for 501 Cedar Place

Community / Development
Community / Development
  • Number Of Units: 3
  • Professional Management: 225.0
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $30,436
  • Net Operating Income: $30,436.00
  • Gross Income: $33,816
  • Gross Rent Multiplier: $15.00
  • Total Annual Expense: 400
  • Water Expense: $125.00
  • Trash Expense: $50.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.18
  • Lot Size Square Feet: 7841
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 3
  • Covered Parking: 3
  • Carport Spaces Total: 3
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal, Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $815.00
  • Unit Actual Rent: $1,630.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,188.00
  • Unit Actual Rent: $1,188.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $116,978.00
  • Assessed Improvement Percent: 82.61
  • Assessed Land Value: $24,621.00
  • Assessed Land Percent: 17.39
  • Assessed Total Value: $141,599.00

Property History for 501 Cedar Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Cedar Place

Taxable ValueLand$24,621Additions$116,978Total$141,599
Tax Record2024$1,717 ($143 / month)
Home Facts
Baths3Total Finished SqFt1,752 SqFtAbove Grade Finished SqFt1,752 SqFtStories1Lot Size7,840 SqFtStyleTriplexYear Built1963Year Renovated1964ZoningR3CountyRIVERSIDEAPN443-090-013Fireplace TypeHas Fireplace

Schools near 501 Cedar Place

This home is within Hemet Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Jacob Wiens Elementary School
PublicK to 5

Rancho Viejo Middle School
Public6 to 8

Tahquitz High School
Public9 to 12

Alessandro High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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501 Cedar Place is a multi-family home for sale in Hemet, CA 92543. This property was listed for sale on November 17, 2024 by Modern Real Estate Shop, it's currently listed at $525,000. It has been on the market for a total of 5 days and was last sold on January 13, 2012. This listing's school district is Hemet Unified School District. Nearby schools include Jacob Wiens Elementary School, Rancho Viejo Middle School and Tahquitz High School. 501 Cedar Place is a 4-bed, 3-bath, 1,752 sqft multi-family home built in 1963.

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 Modern Real Estate Shop, Damien Melle, DRE #01382073

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.