962 Monarch, Hemet, CA 92543
Quadruplex - Hemet, CA
- Added:
- Apr 29, 2026
- Days on Market:
- 43
- Last Refresh:
- Jun 10 at 9:06 am
Property Features for 962 Monarch
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
- Parking
- 4
- Parking features
- Garage
- Exterior features
- Community Features Included: Curbs, Biking, Street Lights, Storm Drains, Sidewalks, Level With Street, Landscaped, 2-5 Units/Acre, Desert Front, Lot 10000-19999 Sqft, Back Yard
- Standard status
- Active
- APN
- 446320062
- Size
- 4,138 SF
- Lot size
- 11,326.00 Acres
Utilities
- Heating system
- Central
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Architectural style
- Other
Listing agent Cynthia Mitchell License #01971983 (951) 837-9556
Listing office Exit Alliance Realty 43521 Ridge Park Dr., Ste 201, Temecula, CA (951) 639-8777
Listing date Apr 29, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑plex in Hemet built in 1980 with 9 bedrooms and 8 bathrooms
- Each unit has a 2‑car attached garage and its own electric and gas meters
- All units are currently under lease
- Units feature private fenced patios/yard and outside space, plus laundry space inside with gas/water hookups
- Two brand new kitchens were recently installed
- Central heating; tile flooring; exterior recently painted and landscaping maintained
Overview
The property is positioned in a central Hemet location, with access to schools and nearby highway routes. The exterior has recently been painted, and landscaping has been maintained. Inside, each unit has its own electric and gas meters, and laundry space is provided indoors with gas and water hookups. Two brand new kitchens were recently installed, supporting updated finishes across the tenancy.
This configuration can fit buyers seeking a deeded, separately metred rental setup within a single fourplex. All units are currently under lease, and the combination of attached garages, in-unit laundry connections, and fenced outdoor areas may appeal to tenants who want day-to-day convenience and privacy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $25.56 |
| − Vacancy | −$1.9k | −$0.46 |
| EGI | $103.9k | $25.10 |
| − OpEx | −$31.2k | −$7.53 |
| NOI | $72.7k | $17.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.9652731
- Latitude
- 33.7320142
