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For sale
  • Listed by: Exit Alliance Realty • Cynthia Mitchell • Contact: 951-639-8777
    Price cut: $50K (6/1)
    $948,000

    962 Monarch St, Hemet, CA 92543

    9beds
    4,138sqft
    : 
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    Quadruplex
    Built in 1980
    -- sqft lot
    $927,600 Zestimate®
    $229/sqft
    $-- HOA

    What's special

    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.
    41 days
    |
    368
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cynthia Mitchell DRE #01971983 951-837-9556,

    Exit Alliance Realty

    Source: CRMLS,MLS#: SW26110285MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 8
      • Full bathrooms: 8
      • Main level bathrooms: 8
      • Main level bedrooms: 9
      Rooms
      • Room types: Bedroom, Laundry
      Bedroom
      • Features: All Bedrooms Down
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Inside
      Features
      • All Bedrooms Down
      • Flooring: Tile
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 4,138 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Direct Access, Garage, On Street
      • Attached garage spaces: 4
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Main Level
      • Pool features: None
      • Has view: Yes
      • View description: City Lights
      Lot
      • Size: 0.26 Acres
      • Features: 2-5 Units/Acre, Back Yard, Desert Front, Landscaped, Street Level
      Details
      • Parcel number: 446320062
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Condition
      • New construction: No
      • Year built: 1980

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
      Location
      • Region: Hemet

      Financial & listing details

      • Price per square foot: $229/sqft
      • Tax assessed value: $769,375
      • Annual tax amount: $8,840
      • Date on market: 5/20/2026
      • Cumulative days on market: 41 days
      • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Contract,Submit

        Estimated market value

        $927,600

        $881,000 - $974,000

        $2,055/mo

        Price history

        DateEventPrice
        6/1/2026Price change$948,000-5%$229/sqft
        Source: CRMLS #SW26110285 Report a problem
        4/29/2026Listed for sale$998,000+37.7%$241/sqft
        Source: CRMLS #SW26090634 Report a problem
        2/15/2022Sold$725,000-3.2%$175/sqft
        Source: Public Record Report a problem
        1/19/2022Pending sale$749,000$181/sqft
        Source: CRMLS #PW21264878 Report a problem
        12/24/2021Contingent$749,000$181/sqft
        Source: CRMLS #PW21264878 Report a problem
        12/15/2021Listed for sale$749,000+172.4%$181/sqft
        Source: CRMLS #PW21264878 Report a problem
        2/13/2014Sold$275,000-29.5%$66/sqft
        Source: Public Record Report a problem
        10/9/2003Sold$390,000+100%$94/sqft
        Source: Public Record Report a problem
        2/13/2002Sold$195,000$47/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,840 +2%$769,375 +2%
        2024$8,669 +1.3%$754,290 +2%
        2023$8,559 +127.5%$739,500 +132.8%
        2022$3,762 +1.6%$317,657 +2%
        2021$3,702 +0.9%$311,429 +1%
        2020$3,670 +2.2%$308,237 +2%
        2019$3,592 +3.1%$302,194 +2%
        2018$3,484 +1.2%$296,269 +2%
        2017$3,444 $290,461 +2%
        2016$3,444 +1%$284,767 +1.5%
        2015$3,409 +21.3%$280,493 +19.4%
        2014$2,810 $235,000 +1.3%
        2013-- $232,000 -47.4%
        2012-- $441,339 +2%
        2011-- $432,686 +0.8%
        2010-- $429,455 -0.2%
        2009-- $430,477 +2%
        2008-- $422,037 +2%
        2007-- $413,763 +2%
        2006-- $405,651 +2%
        2005-- $397,698 +99.9%
        2003-- $198,900 +47.3%
        2002-- $135,000 +31.1%
        2001$1,211 +7%$102,980 +8.4%
        2000$1,132 $95,000

        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92543

        Getting around

        55 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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