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    651 W Devonshire Ave Hemet, CA 92543

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    For Sale
    $888,000

    Fourplex in central Hemet with development potential.

    Lot size:
    0.31 Acres

    Property Features for 651 W Devonshire Ave

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1974

    Source: Coldwell Banker Realty Agent Steve Diamond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hemet Fourplex Investment Opportunity

    This fourplex is situated in central Hemet, presenting an investment opportunity. The property comprises three units featuring two bedrooms and one bathroom each, along with one unit that includes two bedrooms and two bathrooms. The upper unit benefits from a balcony, while the lower units offer private patios. Located on a corner lot at Tahquitz and Devonshire, the property includes an open land area between the building and the adjacent property. This additional land offers potential for development or additional parking.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.9779149
    Latitude
    33.7508812

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    FAQs

    What type of property is this?
    Quadplex - Fourplex in central Hemet with development potential.
    Where is this quadplex located?
    The property is located at 651 W Devonshire Ave Hemet, CA.
    What is the asking price?
    The asking price for this property is $888,000.
    What are key features of this property?
    This property features: - Prime corner lot location at Tahquitz and Devonshire.; - Investment opportunity with a fourplex configuration.; - Potential for development or additional parking on included open land area.
    (949) 644-1600
    Request Owner's contact information
    651 W Devonshire Ave Hemet, CA 92543
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    Hemet, CA 92543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    651 W Devonshire Ave Hemet, CA 92543
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