862 Oleander Street, Hemet, CA 92543

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
#1#2#3
862 Oleander Street,Hemet, CA 92543
$525,000
  • - Beds
  • - Baths
  • 2,258 sq. ft.
  • Multi-family
  • Pending
Listed by:kristopher german
Office:re/max 2000 realty
MLS#:CV25148384
Source:CRMLS

Price summary

  • Price:$525,000
  • Price per sq. ft.:$232.51

About this home

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

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Home facts

  • Year built:1984
  • Listing Id #:CV25148384
  • Added:48 day(s) ago
  • Updated:August 20, 2025 at 06:22 PM

Rooms and interior

  • Living area:2,258 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1984
  • Building area:2,258 sq. ft.
  • Lot area:0.21 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$232.51
Based on information from California Regional Multiple Listing Service, Inc. as of August 20, 2025 . 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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