CA > Hemet
Hemet, CA 92543,862 Oleander ST
Hemet, CA 92543,862 Oleander ST
Hemet, CA 92543,862 Oleander ST
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$525,000
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9,147 Sqft Lot
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862 Oleander ST Hemet, CA 92543

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Andre Hobbs

Andre Hobbs

+1(619) 349-5151

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25148384

HOA Y/N No

Year Built 1984

Lot Size 9,147 Sqft

Property Sub-Type Duplex

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 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)

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning R3

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 446104011

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443

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agent

Andre Hobbs

San Diego Broker / Military Veteran | License ID: 01485241

+1(619) 349-5151

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862 Oleander ST