381 Carmel Way, Hemet, CA 92545

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
381 Carmel Way,Hemet, CA 92545
$575,000
  • - Beds
  • - Baths
  • 2,208 sq. ft.
  • Multi-family
  • Pending
Listed by: josephine sharma, raj sharma
Office: legacy homes realty
MLS#:SW25238060
Source:CRMLS

Price summary

  • Price:$575,000
  • Price per sq. ft.:$260.42

About this home

Welcome to 381 Carmel Way, Hemet, CA 92545. A fantastic turnkey investment opportunity with excellent cash flow, long-term stability, and room for growth! Perfect for investors looking to close before year-end or complete a 1031 exchange, this well-maintained duplex delivers a solid 8% gross CAP rate with upside potential to easily reach 10%+ through rent adjustments in future or by converting one of the garages into a ADU for additional rental income. Each spacious unit offers 2 bedrooms, 2 full baths, an indoor laundry room, and a private balcony. Both come with a 2-car attached garage, while the downstairs unit enjoys direct garage access for added convenience. The upstairs tenant is a Section 8 renter, providing reliable government-backed income through June 2026, and the downstairs tenant is on a month-to-month, offering flexibility for future rent increases or owner occupancy. The property sits on a large lot with zero-scape landscaping, designed for low-maintenance upkeep and

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Home facts

  • Year built:1980
  • Listing ID #:SW25238060
  • Added:99 day(s) ago
  • Updated:January 23, 2026 at 09:01 AM

Rooms and interior

  • Living area:2,208 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1980
  • Building area:2,208 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$260.42
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