Two-Unit Duplex with
For Sale
$555,000
670 Lanier St., Hemet, CA 92543
Each unit offers two bedrooms, two bathrooms, and central air conditioning.
Property Size2,160 SF
Days on Market236
Property Features for 670 Lanier St.
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
central air conditioning
Central
Building Details
Building Size
2,160 SF
Year Built
1965
Stories
1
Listing Agency:
Olympia Real Estate
Listed By:
Jose Ochoa · License #01066999
(714) 412-3762
Source:
Kw
Added: Feb 24
Changed: Oct 16
Last Checked: Oct 16 at 6:59AM
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 Olympia Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1965, this duplex includes two units with matching layouts of two bedrooms and two bathrooms each. Central air conditioning serves both units. Exterior parking is provided through a carport, a large driveway, and additional parking areas.
The property is located on a cul-de-sac at 670 Lanier St. in Hemet, California. Its two-unit configuration and consistent floor plans provide a straightforward physical profile for evaluating the property.
The property is located on a cul-de-sac at 670 Lanier St. in Hemet, California. Its two-unit configuration and consistent floor plans provide a straightforward physical profile for evaluating the property.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- Central air conditioning in both units
- Carport, large driveway, and additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,951
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,020
$759.0K
Cap Rate 7%
$542,157
$542.2K
Cap Rate 9%
$421,678
$421.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$55.2K $25.56/SF
− Vacancy
−$994 −$0.46/SF
EGI
$54.2K $25.10/SF
− OpEx
−$16.3K −$7.53/SF
NOI
$38.0K $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%
$759,020
Cap Rate 7%
$542,157
Cap Rate 9%
$421,678
Alternative Uses
Best Use
Multifamily LT 5
$542.2K
$474.4K – $632.5K
NOI $37,951 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$499.5K
$437.0K – $582.7K
NOI $34,963 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$647.1K
$566.2K – $755.0K
NOI $45,297 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers two bedrooms, two bathrooms, and central air conditioning.
Where is this duplex located?
The property is located at 670 Lanier St. Hemet, CA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; Central air conditioning in both units; Carport, large driveway, and additional parking
