Well-Maintained Hemet Multifamily Property

362 S Alessandro St, Hemet, CA 92543

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For Sale

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Two duplexes with upgrades, ideal for investment or owner-occupancy.

Type:Multifamily

Property size:

2,916 SF

Price / SF:

$313/SF

HighLights

Two duplexes (4 units total) on separate lots, offering flexibility.
Newer exterior paint, roofing, and dual pane windows on both duplexes, indicating well‑maintained properties.
Recently upgraded interior in one of the duplexes (362 S Alessandro St).
Eight‑stall carport in the rear, providing ample parking.
Each unit features 2 bedrooms and 1 bathroom.
EZ desertscape landscaping and private rear patio areas for each unit, offering low‑maintenance outdoor space.

We can help!

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Vivian Arias

For Sale

Contact for pricing

Two duplexes with upgrades, ideal for investment or owner-occupancy.

Type:Multifamily

Property size:

2,916 SF

Price / SF:

$313/SF

Added:: Feb 25, 2026
Days on Market:: 121
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 362 S Alessandro St

General Information

Standard status: Active
Size: 2,916 SF
Property subtype: Multifamily

Building Details

Year Built: 1976

We can help!

Contact an agent

Vivian Arias

Listing office Brubaker Culton R.E. & Dev

Listing date Feb 25, 2026

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of Brubaker Culton R.E. & Dev

HighLights

Two duplexes (4 units total) on separate lots, offering flexibility.
Newer exterior paint, roofing, and dual pane windows on both duplexes, indicating well‑maintained properties.
Recently upgraded interior in one of the duplexes (362 S Alessandro St).
Eight‑stall carport in the rear, providing ample parking.
Each unit features 2 bedrooms and 1 bathroom.
EZ desertscape landscaping and private rear patio areas for each unit, offering low‑maintenance outdoor space.

Overview

This well-maintained multifamily property features an attractive street presence and consists of two duplexes, each containing two bedrooms and one bathroom. Located on separate lots with individual APNs at 358 & 362 S Alessandro St. Both duplexes benefit from newer exterior paint, roofing, and dual-pane windows. An eight-stall carport is situated at the rear of the property. The landscaping is designed for easy maintenance with desertscape features. Each unit includes a small, private rear patio area. While the properties can be sold independently, concurrent closing is required if there are different buyers. The seller prefers to sell as a fourplex but will consider alternative offers. The floor plans of both duplexes are identical. The building at 362 S Alessandro St has a recently upgraded interior. Each duplex has one water meter, and the seller covers water, trash, and sewer expenses with a payment cap.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$74.5k	$25.56
− Vacancy	−$1.3k	−$0.46
EGI	$73.2k	$25.10
− OpEx	−$22.0k	−$7.53
NOI	$51.2k	$17.57

2,916 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$731.9K

$640.4K – $853.9K (±1% cap)

NOI $51,234 @ 7.0% cap · market cap 5.60%

Second Best

Apartment 5plus

$674.3K

$590.0K – $786.7K (±1% cap)

NOI $47,200 @ 7.0% cap · market cap 5.16%

Theoretical Best

Office A

$873.6K

$764.4K – $1.02M (±1% cap)

NOI $61,151 @ 7.0% cap · market cap 6.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Hemet
County: Riverside
State: California
Longitude: -116.9735492
Latitude: 33.7423127

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For sale
Duplexes
CA
Hemet
92543
362 S Alessandro St

What type of property is this?

Duplex - Two duplexes with upgrades, ideal for investment or owner-occupancy.

Where is this duplex located?

The property is located at 362 S Alessandro St Hemet, CA.

What is the asking price?

The asking price for this property is $915,000.

What are key features of this property?

This property features: Two duplexes (4 units total) on separate lots, offering flexibility.; Newer exterior paint, roofing, and dual pane windows on both duplexes, indicating well‑maintained properties.; Recently upgraded interior in one of the duplexes (362 S Alessandro St).