862 Oleander Street, Hemet, CA 92543 - Photo 1 of 5, Hemet, CA
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Sold$555,000on Sep 26, 2025

862 Oleander Street, Hemet, CA 92543

RE/MAX 2000 REALTY
4Beds
4Baths
0
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

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Based 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