John E Burge

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43763 State Highway 74Hemet, CA 92544

Multi-Family · 4,827 Sq. ft. | 1.63 Acres
$1,600,000 Active

43763 State Highway 74 Overview

Time on Site:
11 days
Visits:
0

Exceptional Income-Producing Investment Opportunity! Rare chance to acquire a diversified investment property consisting of five separate APNs offering immediate cash flow and future development potential. The property currently features one established commercial business with one apartment and four more residential homes, 2 container rentals, creating multiple income streams from a single acquisition. Three of the APNs are improved with income-producing structures, while two additional vacant lots provide valuable upside potential for future development, expansion, or additional rental units (subject to buyer verification and local approvals). This unique portfolio offers strong rental income, tenant diversity, and long-term appreciation potential. Whether you’re looking to expand your investment portfolio, generate consistent cash flow, or capitalize on future development opportunities, this property delivers flexibility and value. Highlights:?• 5 Separate APNs Included?• 1 Commercial Business?• 4 Residential Homes?• 1 Apartment Unit?• Multiple Income Streams?• 2 Vacant Lots with Development Potential?• Strong Cash Flow Opportunity?• Excellent Long-Term Investment Potential Properties with this combination of current income and future growth opportunities are rarely available. Don’t miss this exceptional investment offering.

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43763 State Highway 74 Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,827
  • Price/Sq.ft. $331
  • Lot 1.63 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gross Income: 133380.0
  • Gross Scheduled Income: 133380.0
  • Insurance Expense: 8955.0
  • Net Operating Income: 101185.0
  • New Taxes Expense: 17240.0
  • Operating Expense: 26195.0

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: SRCAR - Southwest Riverside County
  • Postal City: HEMET

Community/Development

  • Community Features: Rural

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 549161038
  • Property Sub Type: Mixed Use
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard,Trust

Interior

Parking Information

  • Garage Spaces: 4.0
  • Garage: Yes

Building Interior

  • Building Area Total: 4827.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: Washer Hookup
  • Levels: One
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Total: 4.0

Lot Information

  • Additional Parcels Description: 549161002,549161003,549110011,549161005
  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: 1.63
  • Lot Size Area: 71004.0
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 71004.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 6
  • Pool Features: None
  • Pool Private: No
  • Sewer: Septic Tank

43763 State Highway 74 Neighborhood

Community

92544 (Hemet) Demographics

34
Median Age
371
Population Density (per sq. mile)
21%
College Educated
$53,885
Estimated Median Income
10,286
Estimated Total Home Owners
5,012
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

43763 State Highway 74 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

43763 State Highway 74 Market Data

Based on the last 30 days in this zip code

$580,250
Average List Price
$303
Average Price per Square Foot
44
Properties Sold
81
Average Days on Market
399
Properties for Sale
Calculations provided by Reliance Network

43763 State Highway 74 History

Date Event Value Agent
6/18/2026Source: CRMLS Added to Database
June 18, 2026
Listing provided courtesy of Allison James Estates & HomesMorgan Mennell- MLS# SW26133179MLS ProviderContact Information: [email protected] - 888-446-5552
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