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41431 Gibbel Rd 3 Unit Apartment Building $892,112 CAD ($297,371 CAD/Unit) Hemet, CA 92544
Investment Highlights
- Three separable, income-capable improvements on one parcel
- Strong redevelopment potential
- Unique Commercial Residential (CR) zoning permits both commercial and residential uses
- Rural land setting provides privacy, separation, and room for expansion
Executive Summary
41431 Gibbel Road is a rural land holding in Hemet, California, situated within Riverside County's San Jacinto Valley submarket. The property is improved with three distinct, separable structures: a primary 6 bedroom / 4 bathroom residence currently operating as a girls home (group residential use), a secondary 2 bedroom / 1.5 bathroom residence, and a detached office building with 5 office suites.
The combination of rural acreage, multiple residential units, and on-site commercial office space makes this a uniquely flexible asset. It currently generates value as an operating group home with an income-producing residential and office component, but its real upside is in repositioning under the property's existing Commercial Residential (CR) zoning.
Few properties in the submarket offer this mix of residential, commercial, and land components on a single parcel, which makes 41431 Gibbel Road well suited to an owner-user, investor, or developer.
The combination of rural acreage, multiple residential units, and on-site commercial office space makes this a uniquely flexible asset. It currently generates value as an operating group home with an income-producing residential and office component, but its real upside is in repositioning under the property's existing Commercial Residential (CR) zoning.
Few properties in the submarket offer this mix of residential, commercial, and land components on a single parcel, which makes 41431 Gibbel Road well suited to an owner-user, investor, or developer.
Property Facts
| Price | $892,112 CAD | Building Class | C |
| Price Per Unit | $297,371 CAD | Lot Size | 2.22 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | ||
| Zoning | MU - Commercial / Residential | ||
| Price | $892,112 CAD |
| Price Per Unit | $297,371 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Zoning | MU - Commercial / Residential |
Amenities
Site Amenities
- Courtyard
- Pool
- Conference Rooms
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 1 | - | - |
| 2+1.5 | 1 | - | 1,498 |
1 1
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 450-210-042 | Improvements Assessment | $390,274 CAD |
| Land Assessment | $83,596 CAD | Total Assessment | $473,871 CAD |
Property Taxes
Parcel Number
450-210-042
Land Assessment
$83,596 CAD
Improvements Assessment
$390,274 CAD
Total Assessment
$473,871 CAD
Contacts
-
Non-member/nba Or Bterm Office Beth Bernard -
David
Reid
-
Nicole
Ticehurst
- Non-member/nba Or Bterm Office
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41431 Gibbel Rd
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