Estimated payment $3,183/month
Total Views
2,580
4
Beds
4
Baths
2,258
Sq Ft
$233
Price per Sq Ft
Highlights
- No HOA
- 2 Car Garage
- 1-Story Property
- Central Heating and Cooling System
- Wood Fence
About This Home
We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story units—ideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is equipped with its own private 2-car garage, plus ample on-site parking—a rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Don’t miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)
Listing Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 07/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,859
Year Built
- Built in 1984
Lot Details
- 9,147 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Copper Plumbing
Interior Spaces
- 2,258 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 11 / 446
- Tax Tract Number 104
- Assessor Parcel Number 446104011
- $176 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,950
- Maintenance Expense $2,502
- Trash Expense $621
- Water Sewer Expense $2,917
- New Taxes Expense $6,067
- Operating Expense $14,358
- Gross Income $51,600
- Net Operating Income $35,693
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,859 | $332,463 | $65,616 | $266,847 |
| 2023 | $3,859 | $319,555 | $63,069 | $256,486 |
| 2022 | $3,741 | $313,290 | $61,833 | $251,457 |
| 2021 | $3,681 | $307,148 | $60,621 | $246,527 |
| 2020 | $3,644 | $304,000 | $60,000 | $244,000 |
| 2019 | $2,351 | $190,612 | $37,706 | $152,906 |
| 2018 | $2,282 | $186,875 | $36,967 | $149,908 |
| 2017 | $2,257 | $183,212 | $36,243 | $146,969 |
| 2016 | $2,241 | $179,621 | $35,533 | $144,088 |
| 2015 | $1,886 | $146,674 | $37,605 | $109,069 |
| 2014 | $1,808 | $143,803 | $36,869 | $106,934 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $525,000 | 0.0% | $233 / Sq Ft |
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 07/02/2025 07/02/25 | For Sale | $525,000 | +75.6% | $233 / Sq Ft |
| 12/11/2019 12/11/19 | Sold | $299,000 | 0.0% | $299,000 / Sq Ft |
| 07/31/2019 07/31/19 | Pending | -- | -- | -- |
| 07/31/2019 07/31/19 | For Sale | $299,000 | 0.0% | $299,000 / Sq Ft |
| 06/11/2019 06/11/19 | Off Market | $299,000 | -- | -- |
| 05/08/2019 05/08/19 | For Sale | $299,000 | +69.0% | $299,000 / Sq Ft |
| 06/26/2015 06/26/15 | Sold | $176,925 | +26.4% | $57 / Sq Ft |
| 01/19/2015 01/19/15 | Pending | -- | -- | -- |
| 01/18/2015 01/18/15 | For Sale | $140,000 | -- | $45 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $640,000 | None Available | |
| Grant Deed | -- | Lawyers Title Ie | |
| Grant Deed | $177,000 | Fidelity National Title Ie | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | New Century Title Company | |
| Grant Deed | $117,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,500,000 | Commercial | |
| Previous Owner | $310,000 | Negative Amortization | |
| Previous Owner | $261,950 | Commercial | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $103,288 | Unknown | |
| Previous Owner | $98,850 | Commercial |
Source: Public Records
Similar Homes in Hemet, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25148384
APN: 446-104-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 791 W Mayberry Ave
- 886 Ponderosa Dr
- 603 S Palm Ave Unit A
- 619 S Palm Ave Unit E
- 615 S Palm Ave Unit D
- 465 S Walnut St
- 650 Rainier Way
- 1100 W Westmont Ave
- 711 S Palm Ave
- 1140 W Westmont Ave
- 1181 Sandlewood Dr
- 736 Marquesa Ct
- 424 W Mayberry Ave
- 270 Santa Clara Cir
- 1181 W Westmont Ave
- 841 San Ynez Dr
- 53 Madera St
- 52 Madera St
- 51 Madera St
- 850 San Juan Dr