862 Oleander Street, Hemet, CA 92543
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates



862 Oleander Street,Hemet, CA 92543
$525,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:kristopher german
Office:re/max 2000 realty
MLS#:CV25148384
Source:SANDICOR
Price summary
- Price:$525,000
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 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)
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Home facts
- Listing Id #:CV25148384
- Added:26 day(s) ago
- Updated:August 20, 2025 at 08:26 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$525,000
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