1000 Lucerne, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This Value-Add Residential Asset presents a Prime Investment Opportunity with a List Price of $349,999—positioned well below the $360,823 Fair Market Value by 2%. This valuation gap offers $10,824 in Instant Equity for buyers prepared to manage a renovation. Despite its Fair Condition Rating, the property features wood plank laminate flooring, a flexible sunroom, and a 6,098 sqft lot with a private patio. Located in the Hemet Unified district, this "as-is" sale is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1000 Lucerne Subject | $349,999* List Price | 2 | 1 | 1,053 | $343 | - |
A 820 S Alessandro Street Sold | $285,000 | 3 | 2 | 1,008 | $283 | 0.7 mi |
B 527 Fern Sold | $380,000 | 2 | 2 | 1,175 | $323 | 0.3 mi |
C 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.2 mi |
D 220 S State Street Sold | $275,000 | 3 | 1 | 972 | $283 | 0.9 mi |
E 721 S Santa Fe Active | $379,900 List Price | 2 | 2 | 1,060 | $358 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property falls into the fair category as it shows signs of age but has been maintained with some updates, such as wood plank laminate flooring and partial kitchen improvements. The listing's 'as-is' status and mention of needing 'TLC' suggest deferred maintenance and dated systems, though the home remains functional and livable.
The addition of a sunroom provides versatile extra square footage, ideal for a home office, playroom, or additional relaxation area.
The home features contemporary wood plank laminate flooring and a kitchen with existing updates, offering a refreshed aesthetic in the main living areas.
A generous 6,098 sqft lot provides a large backyard with ample space for gardening, entertaining, or future property enhancements.
The property requires TLC and is being sold in as-is condition with no repairs, which may necessitate immediate additional investment from the buyer.
With only one bathroom available for the two-bedroom residence, the layout may present a challenge for multi-occupant households or guests.
Charming 2-bedroom, 1-bath home located in an established, quiet neighborhood in Hemet. This home offers a nice-sized backyard with plenty of space for entertaining, gardening, or future possibilities. Inside, you’ll find wood plank laminate flooring and a kitchen with some updated features already in place. An added sunroom off the back of the home provides extra flexible space, perfect for a home office, playroom, or relaxing area. The home does need a little TLC and is priced to sell, making it a great opportunity to add your own personal touch or invest. Sold in as-is condition. No repairs
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,053 | 1,349 | 25% |
| Lot Size | 6,098 | 6,534 | 41% |
| Price | $350.0K | $417.0K | 26% |
| Price per sq ft | $332 | $290 | 69% |
| Built year | 1961 | 1976 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 181 | 1% |
Apr 15, 2026
$349,999
Initial Listing
Feb 24, 2023
$375,000
Public Record