Two-Unit Duplex with
41987 Briarwood, Hemet, CA 92544
For Sale
$600,000
Both residences feature updated kitchens, central air, and private outdoor areas.
Property Size2,260 SF
Price / SF$265.49
Days on Market37
Property Features for 41987 Briarwood
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
garages
private patios
central air
Building Details
Building Size
Year Built
Listing Agency:
Realty Masters & Associates
(562) 522-5113
Listed By:
Francisco Ramirez · License #01418376
Source:
Feigenrealtygroup
Added: Oct 3
Changed: Nov 7
Last Checked: Nov 7 at 3:51PM
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 Realty Masters & Associates
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Investment Insights
Based on property information with market context.
This 1972 duplex contains two residences totaling 2,260 square feet. Each unit has a garage and a private patio, while the rear residence also enjoys a backyard. Kitchens have been remodeled, and both homes have central air. The roof is less than two years old, and the yards are described as low maintenance. The property may be delivered vacant.
Located in Hemet, the property is a few blocks from Hwy 74. Street parking is also available.
Located in Hemet, the property is a few blocks from Hwy 74. Street parking is also available.
Key Highlights
- Two residences totaling 2,260 square feet
- Garages and private patios serve both units; the rear unit also has a backyard
- Remodeled kitchens and central air in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,708
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,160
$794.2K
Cap Rate 7%
$567,257
$567.3K
Cap Rate 9%
$441,200
$441.2K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$57.8K $25.56/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$56.7K $25.10/SF
− OpEx
−$17.0K −$7.53/SF
NOI
$39.7K $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%
$794,160
Cap Rate 7%
$567,257
Cap Rate 9%
$441,200
Alternative Uses
Best Use
Multifamily LT 5
$567.3K
$496.4K – $661.8K
NOI $39,708 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$522.6K
$457.3K – $609.7K
NOI $36,581 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$677.1K
$592.4K – $789.9K
NOI $47,394 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
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
$356,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Riverside County, CA
Properties on Market for Duplexes in Riverside County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature updated kitchens, central air, and private outdoor areas.
Where is this duplex located?
The property is located at 41987 Briarwood Hemet, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two residences totaling 2,260 square feet; Garages and private patios serve both units; the rear unit also has a backyard; Remodeled kitchens and central air in both residences
