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$998,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 962 Monarch
General
- Price: $998,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SW26090634
- Updated: 4/30/2026
- Days on Market: 2 days
- Added to Site: 2 day(s) ago
Interior
- Rooms/Areas: Laundry, All Bedrooms Down
- Flooring: Tile
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
- Parking Features: Direct Garage Access, Street
- Parking: Garage (Direct Access), Street
Location
- Area: SRCAR - Southwest Riverside County
- County: Riverside
- Development Name: SRCAR - Southwest Riverside County
- Driving Directions: FROM 79 HWY, Turn R Domenigoni Pkwy., L State St., R onto E Johnston, R onto Monarch.
Heating & Cooling
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Main Level
- Stories/Levels: One
- Stories Description: One
- Square Feet: 4,138
- Year Built: 1980
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,326
- Lot Size Source: Assessor
- Lot Description: Level with Street, Landscaped, 2-5 Units/Acre, Desert in Front, Lot 10000-19999 Sqft, Back Yard
Financial Considerations
- Price Per Sq. Ft.: $241.18
- Price Per Unit: 249500
Listed by Exit Alliance Realty, Cynthia Mitchell
Get Pre-Approved Today
Schools
Schools serving 962 Monarch
School District:Hemet Unified School District
| Name | Grades | Distance |
|---|---|---|
Hemet Elementary 633 East Kimball Avenue, Hemet, CA 92543 | K-5 | 0.9 mi |
Diamond Valley Middle School 291 West Chambers Street, Hemet, CA 92543 | 6-8 | 0.9 mi |
West Valley High School 3401 Mustang Way, Hemet, CA 92545 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 962 Monarch
Date
Details
Price
Change
Source
4/29/2026
Listed
$998,000
37.66%
MLS
1/18/2022
Sold
$725,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 962 Monarch
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,840
2%
$769,375
2%
2024
$8,669
1%
$754,290
2%
2023
$8,559
128%
$739,500
133%
2022
$3,762
2%
$317,657
2%
2021
$3,702
1%
$311,429
1%
2020
$3,670
2%
$308,237
2%
2019
$3,592
3%
$302,194
2%
2018
$3,484
1%
$296,269
2%
2017
$3,444
1%
$290,461
2%
2016
$3,419
—
$284,767
2%
2015
$3,409
21%
$280,493
19%
2014
$2,810
1%
$235,000
1%
2013
$2,789
—
$232,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 962 Monarch
962 Monarch, Hemet, CA 92543 (MLS# SW26090634) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 962 Monarch is currently listed for $998,000 and was received on April 29, 2026. Want to learn more about 962 Monarch? Do you have questions about finding other Multi-Family real estate for sale in Hemet? You can browse all Hemet real estate or contact a Coldwell Banker agent to request more information.

