1220 E Campus Way
Hemet, CA, 92543
$595,000
Beds
0 Baths
SqFt
0.22 Acres
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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

Property Details

Price:
$595,000
MLS #:
CV25148426
Status:
Active
Baths:
0
Address:
1220 E Campus Way
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
srcarsouthwestriversidecounty
City:
Hemet
Listed Date:
Jul 2, 2025
State:
CA
ZIP:
92543
Lot Size:
9,538 sqft / 0.22 acres (approx)
Year Built:
1956
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Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
None

Exterior

Community Features
Biking, Golf, Horse Trails
Fencing
Block
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available

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1220 E Campus Way
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