Hemet, CA 92543,862 Oleander Street
Hemet, CA 92543,862 Oleander Street
Hemet, CA 92543,862 Oleander Street
Hemet, CA 92543,862 Oleander Street
Hemet, CA 92543,862 Oleander Street
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$555,000

$525,000

5.7%
Est.Price: ?

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Est. payment /mo

4 Beds

9,147 Sqft Lot


SOLD DATE : 09/26/2025

Key Details

Sold Price $555,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25148384

Sold Date 09/26/25

Bedrooms 4

Lot Size 9,147 Sqft

Lot Dimensions 011

Property Sub-Type Res Income 2-4 Units

Property Description

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 unitsideal 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 parkinga 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. Dont 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)

Location

State CA

County Riverside

Zoning Assessor

Direction Just South of Mayberry Ave and East of Palm Ave

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 446104011

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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Francis Enriquez Ladera Home Realty
Robyn Flint

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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