1600 Florida AveHemet, CA 92544

Property Details for 1600 Florida Ave

Property type

Office properties

Property subtype

Office buildings

APN

000-257-223

APU

257223

Description

Exceptional investment opportunity in Hemet, California! This combined office condo unit, encompassing 1,418 square feet (units 312 & 314), presents a compelling owner-user or income-generating prospect. Located within a secure, well-maintained executive building complex at 1600 E Florida Ave, 92544, this third-floor space boasts a rare combination of features: two private bathrooms and a private kitchen. Currently configured as a medical/executive office space, the property offers a lease in place through June 2024, providing immediate cash flow. The asking price is $250,000, translating to $176.30 per square foot, and offering an attractive 8.64% capitalization rate. Each of the original units (approximately 709 sq ft each) contributes to the overall functionality and potential of this combined space. This property is situated in Riverside County and presents a strong return on investment in a desirable location. The building consists of two structures. This is a rare opportunity to acquire a well-appointed office space with significant income potential.

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7484

Longitude

-116.956

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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