191 N Inez St , Hemet, CA 92543
$749,999
Est. Payment: $4,005.52/mo
2 Bed
2 Bath
2000 Sqft
Status: Active | Days on site: 9
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House Description

LOCATION, LOCATION, LOCATION Offered at $749,999 with a cap rate of 7.2% The property features four separate apartment units totaling 2,000 square feet of living space, fully fenced with private patios for each unit + 6 parking spaces, providing strong rental income. Two of the four units have undergone major remodels, with Units A & D completely remodeled as of Aug 2026, from top to bottom, new kitchen cabinets, new flooring, new walls, fresh paint, new bathrooms including toilets, vanitiy, fixtures, new closets, front doors, ceiling fans, screens, fresh exterior paint as of Aug 2026 and more! Creating a fresh, modern ambience. This extensive renovation provides a significant advantage for both attracting quality tenants and positioning the property for strong rental income. Located approximately 1 mile from Downtown Hemet and a 7 minute walk from the Hemet Police Dept, a 3 min drive from Hemet Elementary School, and a 3 min drive from Hemet Adult School. This property offers convenient access to shopping, dining, schools, parks, entertainment, and everyday amenities with strong tenants. But wait, there is more! 191 N Inez comes with a pest control contract up to Dec 2026 FULLY PAID. Don’t miss this opportunity to own a substantially improved four-unit property in a convenient Hemet location. This four-unit multifamily property presents an excellent opportunity for investors or first time buyers seeking an income-producing asset in an established Hemet location.

Highlights

Listed by Ramiro Jr Montes-Ortiz , 951-942-8241 Berkshire Hathaway HomeServices California Properties , 951-677-3565. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1964

County

Riverside

Area

SRCAR - Southwest Riverside County

Listing ID

SW26190122

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:
Appliances:Gas Range, Microwave, Refrigerator, Water Heater
Air Cond:Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:Corner Lot,Front Yard,No Land Lease
Garage Capacity:6
Roof:Asphalt
Others:
  • Additional:Rain Gutters, 2+ Total Units
Sewer:Public Sewer
Parking Features:Assigned

Open House

Upcoming Open Houses
Friday 12:00 pm - 3:00 pm Sep 25
Saturday 12:00 pm - 4:00 pm Sep 26
Principal Interest
$4,006
Taxes
$471

Home Price

$749,999

Loan Details

30 yrs
7.034%

Down Payment

20%
$150,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,005.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,005.52 $470.83 $0.00 $4,476.35
Yearly $48,066.24 $5,650.00 $0.00 $53,716.24
Total $1,441,987.05 $169,500.00 $0.00 $1,611,487.05

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Hemet, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T03:02:51.000Z

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