Updated Hemet Quadruplex Investment
962 Monarch, Hemet, CA 92543
Quadruplex - Hemet, CA
Type:Quadruplex
Property size:
4,138 SFLot size:
11,326.00 AcresPrice / SF:
$241/SF- Added:
- May 20, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 1 at 1:06 pm
Property Features for 962 Monarch
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
- Parking
- 4
- Parking features
- Garage
- Exterior features
- Community Features Included: Curbs, Biking, Street Lights, Storm Drains, Sidewalks, Level With Street, Landscaped, 2-5 Units/Acre, Desert Front, Lot 10000-19999 Sqft, Back Yard
- Standard status
- Active
- APN
- 446320062
- Size
- 4,138 SF
- Lot size
- 11,326.00 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Architectural style
- Other
Listing agent Cynthia Mitchell License #01971983 (951) 837-9556
Listing office Exit Alliance Realty 43521 Ridge Park Dr., Ste 201, Temecula, CA (951) 639-8777
Listing date May 20, 2026
MLS# SW26110285
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four individual units (4‑Plex) each with private access and a 2‑car attached garage, offering strong rental appeal.
- All units are currently under lease, providing immediate income and cash flow.
- Each unit has its own electric and gas meters, plus in‑unit laundry hookups, simplifying utility management.
- Two recently installed brand new kitchens enhance unit value and tenant appeal.
- Low‑maintenance desert landscaping and recent exterior paint reduce ongoing upkeep costs.
- Central Hemet location near schools and highway access increases tenant desirability.
Overview
Located in Hemet, this quadruplex features a total of 9 bedrooms and 8 bathrooms, configured as four units (A, B, C, and D), each with a 2-car attached garage. Unit A includes a third bedroom and direct garage access. Units B and C are mirror images of each other, each offering 2 bedrooms, 2 bathrooms, open kitchens, and private fenced patios. Unit D, the "Owners Unit", provides 2 bedrooms, 2 bathrooms, a fireplace, a private fenced yard, a small courtyard, and direct garage access. All units have outside space, garages, and private access. Each unit is equipped with its own electric and gas meters, as well as laundry space with gas and water hookups. Two new kitchens have been recently installed. Situated in a central Hemet location, the property is close to schools and highway access. The property size is 4138 square feet on a lot of 0.26 acres. The exterior has been recently painted, and the landscaping has been maintained. All units are currently under lease, offering immediate income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $25.56 |
| − Vacancy | −$1.9k | −$0.46 |
| EGI | $103.9k | $25.10 |
| − OpEx | −$31.2k | −$7.53 |
| NOI | $72.7k | $17.57 |
4,138 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.8K – $1.21M
NOI $72,704 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$956.9K
$837.3K – $1.12M
NOI $66,980 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,777 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.9652731
- Latitude
- 33.7320142
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property with garages, yards, and strong income potential.
Where is this quadplex located?
The property is located at 962 Monarch Hemet, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Four individual units (4‑Plex) each with private access and a 2‑car attached garage, offering strong rental appeal.; All units are currently under lease, providing immediate income and cash flow.; Each unit has its own electric and gas meters, plus in‑unit laundry hookups, simplifying utility management.
