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Hemet, CA

$948,000

962 Monarch, Hemet, CA
9
Beds
8
Baths
4,138
Sq Ft
1980
Built
49
Days listed

About this home

Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.

Facts & features

Interior
Bedrooms
9
Bathrooms
8 full, 0 half
Living area
4,138 sq ft
Interior features
All Bedrooms Down
Flooring
Tile
Fireplace
None
Heating
Central
Cooling
Central Air
Laundry
Inside
Levels
One
Exterior & lot
Lot size
0.26 acres (11,326 sq ft)
Pool
None
View
City Lights
Year built
1980
Parking
Direct Access, Garage, On Street
Parking spaces
4
Community
Area
SRCAR - Southwest Riverside County
County
Riverside
Community features
Biking, Curbs, Storm Drains, Street Lights, Sidewalks
Listing details
Status
Active
Property type
Quadruplex
Days on market
49
Listed
2026-04-30
Original price
$998,000
Terms
Cash, Cash To Existing Loan, Cash To New Loan, Contract, Submit
Parcel #
446320062
MLS #
SW26110285
Listed by
Cynthia Mitchell · Exit Alliance Realty

Location

Price history

Listed
$998,000 · 2026-04-30
Price reduced
$948,000 (−$50,000)
Days on market
49
Current price
$948,000
Financing

Could this home be yours?

Estimated monthly payment
$5,947
$4,794 principal & interest · $1,153 taxes & insurance
$189,600
Estimate only
Loan $758,400

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Estimated value range nearby
$1,946,323$2,284,814

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Exit Alliance Realty. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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962 Monarch, Hemet, CA — $948,000 | Your Agent