$1,690,000 - 162 N San Jacinto St, Hemet

Hemet Home For Sale

Excellent Opportunity for Owner-User and/or Investor | 9.0% Cap Rate. Rare opportunity to acquire a high-visibility, income-producing commercial property consisting of three parcels with diversified revenue streams and built-in upside. This well-maintained asset offers approximately 10,660 square feet of improvements situated on a combined 28,749-square-foot lot, delivering strong current cash flow with long-term growth potential. The property includes 172 N. San Jacinto St (APN: 445-240-026), leased for 5-year lease with 5% annual rent increases, rent increases from $4,000 to $5,000 in August 2026, providing stable and predictable income. The tenant has invested substantially in a comprehensive security system, enhancing safety and adding value to the entire property. 168 N. San Jacinto St (APN: 445-240-018) features seven fully finished storage units, all rented on a month-to-month basis and generating $6,000 in monthly income, offering flexibility and immediate cash flow with potential for rent optimization. 162 N. San Jacinto St (APN: 445-191-057) is being delivered vacant, allowing a buyer the freedom to occupy, lease, or reposition the space. There is existing tenant interest, but the seller has intentionally kept the unit vacant to maximize buyer's options and value-add potential. With no deferred maintenance, excellent street exposure, and high traffic visibility, this commercial property supports a compelling 8.76% cap rate and strong return on investment. Ideal for an owner-user, portfolio expansion, or value-add repositioning strategy, this is a rare chance to acquire a well-located asset with solid fundamentals, income stability, and meaningful upside in a desirable commercial corridor.