3095 W Devonshire Avenue Hemet, CA ^$ 6,250,000

3095 W Devonshire Avenue

^$ 6,250,000

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3095 W Devonshire Avenue

Hemet, CA, 92545

^$ 6,250,000

Studio Baths0.0 Sq 14,821

Monthly Estimate*

^$ 41,539

Listed by Re/Max Premier Prop SanMarino

3095 W Devonshire Avenue, Hemet, CA 92545 - Image 1

3095 W Devonshire Avenue, Hemet, CA 92545 - Image 2

3095 W Devonshire Avenue, Hemet, CA 92545 - Image 3

3095 W Devonshire Avenue, Hemet, CA 92545 - Image 4

Studio

Commercial Property for sale in Hemet, CA

for $6,250,000. This 14,821 square foot building was built in 2006 on a lot size of 1.84.

This social security office was built to suit in 2006 and was updated in 2022. Hemet is a city in the San Jacinto Valley in Riverside County, California with a population of 90,689 people in 2002 and is the fastest growing city for retirees in California. This social security office recently renewed a 15 year new modified gross lease in April 2022, with 13 years remaining on the lease with annual rent increase for the best return on equity. This property is suitable for 1031 national GSA landlords and investors who are looking for a high cash flow and tenant security.

Commercial Active

Price

^$ 6,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 64,636

Style

Office

Lot Size

1.84

Year Built

2006

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

AR24094923

Days on Market

Features

General

Heating Central

Cooling CentralAir

Year Built 2006

Property SubType Office

Tax Year 2023

County Riverside

Insurance Expense 8000.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 60 E. Exit 68 take 79 S. ramp towards N Sanderson Ave. left on W. Devonshire Ave.

City Hemet

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 1

MLS Area SRCAR - Southwest Riverside County

Lot Size Units SquareFeet

Lot Size Square Feet 80150.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Devonshire

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 64636.0

Electric Expense 40000.0

Home Warranty Y/N N

Current Financing Conventional

Trash Expense 3952.0

Water Sewer Expense 11600.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 15

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Tenant

Year Built Source PublicRecords

Property Sub Type Additional Office

Cap Rate 6.25

Exterior

Fencing WroughtIron

Lot Features LotOver40000Sqft

Water Source Public

Total Parking 66.0

Lot Size Area 80150.0

Number of Buildings 1

Spa N

Building Area Total 14821.0

Lot Size Acres 1.84

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3095

* Excluded Features

List By

Re/Max Premier Prop Sanmarino

Broker

(626) 660-1130

Phone

Affordability Calculator

$46,926

Per Month

Monthly Principal & Interest: $41,539
Monthly Property Taxes: $5,386
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hemet, CA

Average List Price ^$2,056,472

Percent of Sale Price 67%

About Hemet, CA

83,932 Population

39% Since 2002

^$36,927 Median Income

38.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/10/2024	$6,250,000		Listed Price

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3095 W Devonshire Avenue, Hemet, CA, 92545 is a Commercial Property for sale at $6,250,000 with 14,821 sqft and a lot size of 1.84. 3095 W Devonshire Avenue is a studio with 0.0 baths and was built in 2006. The property's zip code is 92545 which is in Hemet, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/6/2024. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3095 W Devonshire Avenue

Commercial Property for sale in Hemet, CA

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