527 E Central AVE Hemet, CA 92543
3 Beds
2 Baths
1,682 SqFt
UPDATED:
01/27/2025 08:15 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,682 sqft
Price per Sqft $243
MLS Listing ID SW24253238
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
Construction Status Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1916
Lot Size 9,147 Sqft
Lot Dimensions Assessor
Property Description
SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential.
THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold.
BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home.
DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats. With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units.
CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties.
INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear.
EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value!
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R3
Rooms
Other Rooms Shed(s)
Basement Unfinished
Main Level Bedrooms 3
Interior
Interior Features Breakfast Area, Laminate Counters, All Bedrooms Down, Jack and Jill Bath
Heating None
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Door-Single, Driveway, Garage, Gravel, RV Potential, Unpaved
Fence Chain Link
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Neighborhood, None
Roof Type Composition,Shingle
Accessibility None, Parking
Porch Front Porch
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level, Street Level
Dwelling Type House
Faces North
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
Additional Building Shed(s)
New Construction No
Construction Status Fixer,Repairs Cosmetic
Schools
School District Hemet Unified
Others
Senior Community No
Tax ID 446091003
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard, Trust
