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Sold$555,000on Sep 26, 2025
862 Oleander Street, Hemet, CA 92543
RE/MAX 2000 REALTY
4Beds
4Baths
32Days Listed
About This Property
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)
Kristopher GermanRE/MAX 2000 REALTY909-645-0443
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 4
- Bathrooms
- 4
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Sold
- Days on Market
- 32
- Cumulative Days on Market
- 33
- Original Price
- $525,000
Location & Neighborhood
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Hemet Market Snapshot
805
Active Listings
$279K
Median Price
121
Avg Days on Market
Last updated: Sep 27, 2025
More Sold Properties in Hemet
View allBased on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$525,000