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1031 Latham Avenue

Hemet, CA 92543
  • $699,000
  • STATUS: Active
  • ON SITE: 136 Days
  • ID#: 219064954DA
UPDATED: 237 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Mitchell Matthews of Re/Max Consultants

Description

Phenomenal Opportunity to own a Large Multi Unit Commercial Income Producing Property directly across from the Hospital! Best location you can ask for with a great buying CAP rate just under 5%, long term rents, strong rental history and plenty of upside. 4 Large Units that are perfect for Medical Offices, Dentistry, Therapy, Chiropractic and More. This building is a perfect opportunity and turn key for an investor or needing an office space for your business. Have tenants pay your expenses and profit! 3 of the office units are currently rented to a dental company and the other 2 are medical offices. One unit is vacant and move in ready! Plenty of upside and major improvements done to the property with newer Entry Doors, Newer Roof, large 22 space Parking lot which has Newer re-paved Asphalt! More upgrades include Electrical upgrades, Professional Landscaping, Exterior trim painted and more. The units are boasting 1,014-1,178 square feet each and already set up with Reception Areas, Patient rooms, Private Offices and Bathrooms. There are 22 Parking Places in which 2 spaces are covered under a large carport and handicapped parking space. What more could you ask for? AND most important is the location and opportunity for increased rents and purchasing at a great cap rate for Southern California! Pro-Forma shows cap rate to be 8.7%! Price to sell, call asap for more info!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T00:26:35.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/119411636
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1031 Latham Avenue Hemet, CA 92543

  • Price: $699,000
  • Status: Active
  • On Site: 136 Days
  • Updated: 237 min ago
  • ID#: 219064954DA
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
220 - Sage-Southwest Hemet
County:
Riverside
Area:
220 - Sage-Southwest Hemet
Property Description
Phenomenal Opportunity to own a Large Multi Unit Commercial Income Producing Property directly across from the Hospital! Best location you can ask for with a great buying CAP rate just under 5%, long term rents, strong rental history and plenty of upside. 4 Large Units that are perfect for Medical Offices, Dentistry, Therapy, Chiropractic and More. This building is a perfect opportunity and turn key for an investor or needing an office space for your business. Have tenants pay your expenses and profit! 3 of the office units are currently rented to a dental company and the other 2 are medical offices. One unit is vacant and move in ready! Plenty of upside and major improvements done to the property with newer Entry Doors, Newer Roof, large 22 space Parking lot which has Newer re-paved Asphalt! More upgrades include Electrical upgrades, Professional Landscaping, Exterior trim painted and more. The units are boasting 1,014-1,178 square feet each and already set up with Reception Areas, Patient rooms, Private Offices and Bathrooms. There are 22 Parking Places in which 2 spaces are covered under a large carport and handicapped parking space. What more could you ask for? AND most important is the location and opportunity for increased rents and purchasing at a great cap rate for Southern California! Pro-Forma shows cap rate to be 8.7%! Price to sell, call asap for more info!
Exterior Features

Open Parking Spaces 22 Parking Total 22

Property Features

Business Type Health Services Cap Rate 4.7 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalOwner May Carry Maintenance Expense 4200 Special Listing Conditions Standard Trash Expense 1727



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T00:26:35.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing provided courtesy of Mitchell Matthews of Re/Max Consultants