Hemet, CA 92543 1220 E Campus Way

1220 E Campus Way Hemet, CA - Image 11220 E Campus Way Hemet, CA - Image 21220 E Campus Way Hemet, CA - Image 3
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1220 E Campus Way Hemet, CA - Image 41220 E Campus Way Hemet, CA - Image 5
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV25148426
  • 07/02/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 3
  • Baths • 2
  • SQFT • 2,472

Home Details

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 and meticulously maintained, recent capital improvements include new copper plumbing, updated electrical systems, split A/C units, new dual-pane windows, new kitchens, modern flooring, and new privacy fencing—resulting 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. Don’t miss this rare chance to own a turn-key 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)
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443

Interior Features for 1220 E Campus Way

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesAllBedroomsDown
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 1220 E Campus Way

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.92
Carport Y/NNo
CityHemet
Community FeaturesBiking, Golf, HorseTrails
CoolingWallWindowUnits
CountyRiverside
Current FinancingNone
DirectionsJust south of Menlo Ave and west of San Jacinto St
Electric Expense147.0
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income66600.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense3840.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet9538.0
Lot Size UnitsSquareFeet
MLS AreaSRCAR - Southwest Riverside County
Maintenance Expense3230.0
MobileHomeRemainsYNNo
Net Operating Income47151.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces6.0
Operating Expense17450.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot5-P
Taxes$6,876
Tenant PaysElectricity, Gas
Total Actual Rent5550.0
Trash Expense919.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNone
Water Sewer Expense1988.0
Year Built1956
Year Built SourceAssessor
ZoningCI

Exterior for 1220 E Campus Way

Building Area Total2472.0
Crops Included Y/NNo
FencingBlock
Horse Amenities RidingTrail
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions016
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.219
Lot Size Area9538.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesDriveway
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $595,000
MLS#CV25148426
List Date 07/02/2025
Property Type Multi-Family
Phone 714.742.6515
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