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Sold$585,000on Sep 26, 2025
1220 E Campus Way, Hemet, CA 92543
RE/MAX 2000 REALTY
4Beds
4Baths
30Days Listed
About This Property
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooringresulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Dont miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 4
- Bathrooms
- 4
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Sold
- Days on Market
- 30
- Cumulative Days on Market
- 31
- Original Price
- $595,000
Location & Neighborhood
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Hemet Market Snapshot
811
Active Listings
$265K
Median Price
122
Avg Days on Market
Last updated: Sep 27, 2025
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Kristopher German, RE/MAX 2000 REALTY · 909-645-0443
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.
$595,000