165 N Hamilton Ave, Hemet, CA 92543

Located in Hemet, California, 165 N. Hamilton Avenue is a well-maintained 10-unit multifamily investment property. The property consists of nine 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, offering large units suitable for families and working professionals. The property features spacious units with private patios and secured covered parking, providing residents with comfort and convenience. Several units have been recently renovated, offering investors a mix of stable in-place income and future value-add potential. Situated on a 13,939 square-foot lot, the property offers approximately 8,180 square feet of rentable space. Current rents reflect an estimated 23.63% upside, presenting an opportunity for rent growth. The property also benefits from excellent freeway access via State Route 79 and State Route 74. A savvy investor may further enhance returns by adding on-site laundry facilities and leasing existing storage areas for additional income streams. Hemet is a large, mostly suburban community in the San Jacinto Valley, one hour from Palm Springs, ninety minutes from San Diego, and two hours from Los Angeles. The downtown area around East Florida Avenue is known as the Harvard District, and features several locally owned shops, cafes, and bars in a walkable environment.