Seller's Agent in 2025
Kristopher German
RE/MAX
(909) 645-0443
128 Total Sales
862 Oleander St Hemet, CA 92543
Hemet AreaEstimated Value: $571,147
4
Beds
4
Baths
2,258
Sq Ft
$253/Sq Ft
Est. Value
Highlights
- No HOA
- 2 Car Garage
- 1-Story Property
- Central Heating and Cooling System
- Wood Fence
About This Home
As of September 2025We 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)
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 07/02/2025
Property Details
Home Type
- Multi-Family
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
- Entry on the 1st floor
- 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
- Tenant pays for electricity, gas
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2025
Closed on
Aug 21, 2025
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Francis Enriquez
Ladera Home Realty
List Price
$525,000
Sold Price
$555,000
Premium/Discount to List
$30,000
5.71%
Views
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,147
Avg. Annual Appreciation
0.91%
Original Mortgage
$416,250
Outstanding Balance
$412,452
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$146,806
Purchase Details
Listed on
May 8, 2019
Closed on
Dec 5, 2019
Sold by
Bought by
Seller's Agent
Manuel Marquez
Golden California
Buyer's Agent
Manuel Marquez
Golden California
List Price
$299,000
Sold Price
$299,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Purchase Details
Closed on
Sep 15, 2015
Sold by
Bought by
Purchase Details
Listed on
Jan 18, 2015
Closed on
May 28, 2015
Sold by
Bought by
Seller's Agent
MARILYN RUFF
RE/MAX ADVANTAGE
Buyer's Agent
MARILYN RUFF
RE/MAX ADVANTAGE
List Price
$140,000
Sold Price
$176,925
Premium/Discount to List
$36,925
26.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$3,500,000
Interest Rate
3.85%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 8, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,950
Interest Rate
5.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 17, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,850
Interest Rate
7.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 27, 1995
Sold by
Bought by
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $555,000 | Fidelity National Title Builde | ||
| $640,000 | None Available | ||
| -- | Lawyers Title Ie | ||
| $177,000 | Fidelity National Title Ie | ||
| -- | Ticor Title | ||
| -- | New Century Title Company | ||
| $117,000 | Orange Coast Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $416,250 | ||
| Previous Owner | $3,500,000 | ||
| Previous Owner | $310,000 | ||
| Previous Owner | $261,950 | ||
| Previous Owner | $170,000 | ||
| Previous Owner | $103,288 | ||
| Previous Owner | $98,850 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $555,000 | +5.7% | $246 / Sq Ft | |
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Agents Affiliated with this Home
-
Kristopher German
-
Francis Enriquez
Buyer's Agent in 2025
Francis Enriquez
Ladera Home Realty
(714) 418-6261
32 Total Sales
-
Manuel Marquez
Seller's Agent in 2019
Manuel Marquez
Golden California
(909) 429-2120
14 Total Sales
-
M
Seller's Agent in 2015
MARILYN RUFF
RE/MAX
Map
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
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