Four-Plex with Attached
962 Monarch Hemet, CA 92543
For Sale
$948,000
MULTI_FAMILY - Hemet, CA
Property Size4,138 SF
Lot Size0.26 Acres
Price / SF$229.10
Days on Market87
Property Features for 962 Monarch
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Laundry Room, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 8, Bedroom 8, Bedroom 3
- Parking
- 4
- Parking features
- Garage
- Standard status
- Active
- APN
- 446320062
- Size
- 4,138 SF
- Lot size
- 0.26 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
Listing Agency:
Exit Alliance Realty
(951) 639-8777
Listed By:
Cynthia Mitchell · License #01971983
(951) 837-9556
Added: Apr 30
Changed: Jul 24
Last Checked: Jul 25 at 10:06PM
MLS# SW26110285
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.
Investment Insights
Based on property information with market context.
962 Monarch is a 4-plex in Hemet, offering four separate units in an A/B/C/D layout. Each unit includes its own attached two-car garage and outside space, with Unit A featuring a third bedroom and direct garage access. Units B and C are mirror layouts with two bedrooms and two bathrooms, each with open kitchens and private fenced patios. End Unit D, also described as an owners unit, offers two bedrooms and two bathrooms along with a fireplace, private fenced yard, a small courtyard, and direct access to the garage.
The property includes in-unit laundry space with gas and water hookups, and each unit has its own electric and gas meters. The exterior has been recently painted and landscaping has been maintained. Two brand new kitchens were recently installed.
All units are currently under lease.
The property includes in-unit laundry space with gas and water hookups, and each unit has its own electric and gas meters. The exterior has been recently painted and landscaping has been maintained. Two brand new kitchens were recently installed.
All units are currently under lease.
Key Highlights
- 4‑plex in Hemet with 9 bedrooms and 8 bathrooms, featuring A/B/C/D unit layout
- Each unit includes a 2‑car attached garage and private outdoor space (fenced patios/yard/courtyard)
- Utilities are separated by unit with individual electric and gas meters; laundry space inside with gas/water hookups
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 |
4,138 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.8K – $1.21M
NOI $72,704 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$956.9K
$837.3K – $1.12M
NOI $66,980 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,777 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-plex in Hemet offering four units with attached two-car garages and private outdoor space, all separately metered.
Where is this quadplex located?
The property is located at 962 Monarch Hemet, CA.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: 4‑plex in Hemet with 9 bedrooms and 8 bathrooms, featuring A/B/C/D unit layout; Each unit includes a 2‑car attached garage and private outdoor space (fenced patios/yard/courtyard); Utilities are separated by unit with individual electric and gas meters; laundry space inside with gas/water hookups
