470 W Kimball

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470 W Kimball

Hemet, CA 92543
Asking Price
$515K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset containing two residential apartment units
  • Located in the city of Hemet California
  • Current asking price set at 515000 dollars
  • Property situated within the 92543 zip code area
  • Accessible location within the broader Inland Empire region

What's Special

Hemet, California, serves as an established residential hub within the Riverside County landscape, providing residents with access to major thoroughfares and the growing infrastructure of the Inland Empire. This multifamily asset, situated at 470 W Kimball, offers two residential units suitable for investors seeking to grow their portfolio in a stable suburban environment. The property benefits from its proximity to regional transit corridors, which connect the local population to the broader economic centers of Southern California. Investors may consider this apartment building for long-term hold strategies, capitalizing on the demand for rental housing in the 92543 zip code. The layout is designed to accommodate consistent occupancy, providing a straightforward addition for those focused on residential rental income. Proximity to local amenities ensures appeal for potential tenants looking for functional living arrangements within this accessible region of the metro area.

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NOI
$80,000
Cap Rate
15.53%
DSCR
2.62
Strong
Cash-on-Cash
31.99%
Monthly Payment
$2,547.939
Annual Cash Flow
$49,424.732

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