Renovated Triplex with
New
For Sale
$665,000
Pending
4146 Trevor, Hemet, CA 92544
Fully occupied Hemet property with private fenced yards, garage parking, and shared laundry facilities.
Property Size2,873 SF
Days on Market3
Property Features for 4146 Trevor
General Information
Standard status
Pending
Size
2,873 SF
Total Parking Spaces
4
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
community washer/dryer room
private fenced yard
Building Details
Building Size
2,873 SF
Year Built
1978
Stories
2
Units
3
Tenancy
Multi
Listed By:
Samantha Thammavongsa
(714) 553-5505
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 10:28AM
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 Samantha Thammavongsa
Investment Insights
Based on property information with market context.
Renovated triplex at 4146 Trevor in Hemet, California, with new roofing and three occupied units. The front residence provides three bedrooms, two bathrooms, and a two-car garage with direct interior access, along with a private fenced yard. The rear ground-floor unit includes two bedrooms, one bathroom, a one-car garage, and its own fenced backyard. A third residence sits above the rear unit and offers two bedrooms, one bathroom, and one garage.
A communal washer and dryer room is located on the first floor. The property was built in 1978 and is currently occupied across all three units. Walk Score is 40 and Bike Score is 33, reflecting a car-dependent, somewhat bikeable setting.
A communal washer and dryer room is located on the first floor. The property was built in 1978 and is currently occupied across all three units. Walk Score is 40 and Bike Score is 33, reflecting a car-dependent, somewhat bikeable setting.
Key Highlights
- Three‑unit property with all units currently occupied
- Front unit includes 3 bedrooms, 2 bathrooms, and a two‑car garage with direct access
- Rear ground‑floor unit offers 2 bedrooms, 1 bathroom, a one‑car garage, and a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,478
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,009,560
$1.0M
Cap Rate 7%
$721,114
$721.1K
Cap Rate 9%
$560,867
$560.9K
Market Conditions
NOI Build-Up for 2,873 SF
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.
Gross rent
$73.4K $25.56/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$72.1K $25.10/SF
− OpEx
−$21.6K −$7.53/SF
NOI
$50.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,009,560
Cap Rate 7%
$721,114
Cap Rate 9%
$560,867
Alternative Uses
Best Use
Multifamily LT 5
$721.1K
$631.0K – $841.3K
NOI $50,478 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$664.3K
$581.3K – $775.1K
NOI $46,504 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$860.7K
$753.1K – $1.00M
NOI $60,249 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied Hemet property with private fenced yards, garage parking, and shared laundry facilities.
Where is this triplex located?
The property is located at 4146 Trevor Hemet, CA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three‑unit property with all units currently occupied; Front unit includes 3 bedrooms, 2 bathrooms, and a two‑car garage with direct access; Rear ground‑floor unit offers 2 bedrooms, 1 bathroom, a one‑car garage, and a fenced backyard
