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1288 Memorial Avenue, Hemet, CA 92543
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A Brand New, 68-Home Single-Family Rental Community in Hemet, CA
The Opportunity
Berkadia is pleased to present Heritage Place, a brand-new, 68-home, single-family build-for-rent (BFR) community located in Hemet, CA.
Investment Summary
Investment Summary
Unit Type
3 BD / 2 BA
3 BD /
2.4 BA LOFT
4 BD / 3 BA
Totals/
Average
Unit Mix
Investment Summary
Property Summary
1288 Memorial Avenue
Hemet, CA 92543
2022
68
1,755 sq. ft.
5,000+ sq. ft.
2-car garage + 2-car pad per home
Site Address
Year Built
No. of Homes
Avg. Home Size
Avg. Lot Size
Parking Type
# of
Apts
% OF
TOTAL
AVG. SQ. FT.
22
23
23
68
32%
34%
34%
100%
1,576
1,705
1,975
1,755
Photo GALLERY
DERREK OSTRZYZEK
Managing Director
Derrek.Ostrzyzek@berkadia.com
310.924.9348
CA BRE #01984295
THOMAS BENDER
Director
Thomas.Bender@berkadia.com
714.336.2038
CA BRE #01936873
RACHEL PARSONS
Senior Managing Director
Rachel.Parsons@berkadia.com
858.945.0992
CA BRE #01335449
CLAY AKIWENZIE
Managing Director
Clay.Akiwenzie@berkadia.com
775.447.0595
INVESTMENT SALES
Mortgage Banking
Irvine OfficE
BERKADIA IRVINE TEAM
TOM MORAN
Senior Managing Director
Tom.Moran@berkadia.com
714.269.8380
CA BRE #01201310
MIKE MURPHY
Senior Director
Mike.Murphy@berkadia.com
714.318.3978
CA BRE #01241878
BRETT BETZLER
Senior Managing Director
Brett.Betzler@berkadia.com
949.981.1196
CA BRE #01330214
© 2023 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Heritage
Place
The Inland Empire has been expanding at a rate unmatched in California, outpacing every other major metro in terms of both job and population growth since 2012.
Located adjacent to the Perris/Moreno Valley submarket, one of the fastest-growing logistics and warehousing hubs in the Inland Empire with Fortune 500 companies including Amazon, Home Depot, and Proctor & Gamble.
Strong multifamily submarket fundamentals with occupancy averaging 95.9% and rents growing by an average of 8.8% since 2013.
Heritage Place is the only rental community to deliver to the city of Hemet in 30 years.
Residents of Heritage Place earn an average household income of $135,250 and a median of $111,600.
Homes are situated on 5,000 to 8,000 square foot lots and include two-car direct-access garages, two-car driveways, and expansive private backyards.
The property is comprised of individually parceled single-family private residences with no shared walls and an average home size of 1,755 square feet.
Heritage Place is the only three- and four-bedroom single-family rental community in all of Southern California.
The Opportunity
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2/2
1/2
Site Address
Year Built
No. of Homes
Avg. Home Size
Avg. Lot Size
Parking Type
1288 Memorial Avenue
Hemet, CA 92543
2022
68
1,755 sq. ft.
5,391 sq. ft.
2-car garage + 2-car pad per home
PROPERTY SUMMARY
Unit TYPE
3 BD / 2 BA
3 BD / 2.5 BA Loft
4 BD / 3 BA
Totals/ Average
# of apts
22
23
23
68
% OF TOTAL
32%
34%
34%
100%
AV. SQ. FT.
1,576
1,705
1,975
1,755
UNIT MIX
Investment Highlights
Investment Summary
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HIGHLIGHTS
INVESTMENT SUMMARY
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DOCUMENTS
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CENTER
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