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Two-Unit Duplex with Fenced Yards
For Sale
$550,000

41056 Alder, Hemet, CA 92544

Each residence includes in-unit laundry and driveway parking.

Property Size2,312 SF
Price / SF$237.89
Days on Market37

Property Features for 41056 Alder

General Information

Standard status Active
Size 2,312 SF
Property subtype Duplex

Units

Unit Mix 2 x 2BR/2BA
Multifamily Units 2

Amenities

in unit laundry
private fenced yard

Building Details

Building Size 2,312 SF
Year Built 1977
Buildings 1
Stories 1
Listing Agency: KAM Financial & Realty, Inc.
Listed By: Samantha Thammavongsa · License #01974537
Source: Feigenrealtygroup
Added: Sep 21 Changed: Oct 27 Last Checked: Oct 27 at 4:39AM

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 KAM Financial & Realty, Inc.

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Investment Insights

Based on property information with market context.

This two-unit duplex contains 2,312 square feet and was built in 1977. Both single-story residences have two bedrooms and two bathrooms, along with in-unit laundry. The front and rear units share the same layout and features, including private fenced yard space and driveway parking.

The property is located at 41056 Alder in Hemet, California. The rear residence is addressed as 41058 Alder.

Key Highlights

  • Two residences, each with 2 bedrooms and 2 bathrooms
  • Single‑story layout with matching front and rear units
  • In‑unit laundry in both residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$40,622
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,440 $812.4K
Cap Rate 7%
$580,314 $580.3K
Cap Rate 9%
$451,356 $451.4K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$59.1K $25.56/SF
− Vacancy
−$1.1K −$0.46/SF
EGI
$58.0K $25.10/SF
− OpEx
−$17.4K −$7.53/SF
NOI
$40.6K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,440
Cap Rate 7%
$580,314
Cap Rate 9%
$451,356

Alternative Uses

Best Use
Multifamily LT 5
$580.3K
$507.8K – $677.0K (±1% cap)
NOI $40,622 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$534.6K
$467.8K – $623.7K (±1% cap)
NOI $37,423 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$692.6K
$606.1K – $808.1K (±1% cap)
NOI $48,485 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby

Demographics for 92544, CA

50,007
Population
17,568
Households
2.8
Avg Household Size
37
Median Age
14%
College-Educated
81%
High-School Grad
170.8 sq mi
ZIP Area
293
Density / Sq Mi
$67,011
Median Household Income
$37,785
Median Earnings
$1,530
Median Rent
$356,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes in-unit laundry and driveway parking.
Where is this duplex located?
The property is located at 41056 Alder Hemet, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Single‑story layout with matching front and rear units; In‑unit laundry in both residences
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