1135 E Morton Place, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath

1135 E Morton Place, Hemet, California 92543 home-pic-0

1135 E Morton Place

Hemet, California 92543

ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,556Sq Ft
8,276Lot Size

Property Price

LIST PRICE$415,000
EST. MARKET VALUE
$415,000

SUMMARY

Analysis of 1135 E Morton Place, Hemet, California 92543 reveals a Fairly Priced Property with a current list price of $415,000  aligned with the estimated $415,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Hemet Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$415,000
Based on Realkey algorithm analyzing recent comparable sales in Hemet.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1135 E Morton Place
Subject
$415,000*
List Price
321,556$267-
A
1230 Shellie Lane
Sold
$472,000321,672$2821.0 mi
B
437 N Franklin Street
Sold
$335,000311,202$2790.6 mi
C
421 S Juanita Street
Sold
$420,000321,248$3370.6 mi
D
695 S Santa Fe
Sold
$350,000421,532$2280.7 mi
E
338 S Gilbert
Active
$400,000
List Price
321,604$2490.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1954, this property shows signs of regular upkeep and some updates, but the core structure and certain features are dated. The kitchen has older cabinets and tiled countertops, although the backsplash and faucet appear more recent. The main bathroom seems more recently updated with subway tile and accessibility features. Flooring has been updated to laminate and tile in various areas. While functional and move-in ready, the property has not undergone a full, recent renovation, and many components show their age, aligning with the 'fair' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1556.

  • Dual-Zoned Flexibility

    The property is dual-zoned for both commercial and residential use, offering exceptional versatility for a home-based business, rental income, or a dedicated professional space.

  • Versatile Detached Studio

    A substantial ~600 sq. ft. converted studio space with a full bathroom and laundry hookups provides significant additional functional area, with potential for formalization.

CONSRISKS & DEFICIENCIES

  • Unpermitted Studio Conversion

    The detached studio space is not fully permitted, which means the buyer may incur additional costs and effort to formalize the conversion, potentially impacting financing or future resale.

  • Extensive Price Reduction History

    The property has seen numerous price reductions since its initial listing, which could indicate market resistance, initial overpricing, or potential underlying issues that may concern prospective buyers.

  • Age of Property

    Built in 1954, the main residence is 70 years old, suggesting that key systems and components (e.g., plumbing, electrical, HVAC, roof) may be original or aging and could require future maintenance or upgrades.

About 1135 E Morton Place

Welcome to your new home or business opportunity! This versatile property is dual-zoned for both commercial and residential use, offering incredible flexibility for a variety of lifestyles and needs. The main residence features dual master bedrooms, a full kitchen, a spacious living room, and a welcoming dining area—perfect for a small family seeking a quiet neighborhood just steps from Hemet Elementary and Acacia Middle School. In addition, the property offers a detached, approximately 600 sq. ft. converted studio space. Although the conversion is not fully permitted and therefore not included in the official living area square footage, it provides exceptional versatility with built-in cabinetry, a full bathroom with shower, and hookups for a full-size washer and dryer. Many of the improvements have already been permitted, and with limited additional permitting and work, buyers may have the opportunity to formalize this space as an additional permitted room and bathroom. Outdoor features include a front yard with low-maintenance artificial turf and drought-tolerant landscaping, a backyard fully paved with concrete, and five striped parking spaces. The owner is also leaving behind a 10’x12’ storage pod with lighting, a maintenance shed, and multiple TV wall mounts. This property has a rich history, previously serving as a dental office and a law office. For commercial use, it offers a large lobby, four private offices, a kitchen, and elegant wood shutters. For residential use, it provides comfort, space, and wheelchair accessibility. No matter your plans—whether creating a family home, professional space, or exploring future possibilities—this property offers unmatched flexibility and value.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1954
Lot Size
8,276 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,5561,343
64%
Lot Size8,2766,534
80%
Price$415.0K$415.0K
50%
Price per sq ft$267$278
46%
Built year19541976
12%
HOA$0$0
50%
Days on market159160
50%

Pricing History

Listed for Sale

Feb 5, 2026

$415,000

$419,999

-1% Price Drop

Initial Listing

Price Change

Jan 8, 2026

$419,999

$409,000

+3% Price Increase

Initial Listing

Price Change

Dec 29, 2025

$409,000

$410,000

+0% Price Increase

Initial Listing

Price Change

Dec 27, 2025

$410,000

$412,500

-1% Price Drop

Initial Listing

Price Change

Dec 18, 2025

$412,500

$415,000

-1% Price Drop

Initial Listing

Price Change

Dec 15, 2025

$415,000

$419,000

-1% Price Drop

Initial Listing

Price Change

Dec 1, 2025

$419,000

$427,000

-2% Price Drop

Initial Listing

Price Change

Nov 26, 2025

$427,000

$428,000

+0% Price Increase

Initial Listing

Price Change

Nov 24, 2025

$428,000

$429,000

+0% Price Increase

Initial Listing

Price Change

Nov 6, 2025

$429,000

$435,000

-1% Price Drop

Initial Listing

Price Change

Oct 22, 2025

$435,000

$439,000

-1% Price Drop

Initial Listing

Price Change

Oct 15, 2025

$439,000

$449,000

-2% Price Drop

Initial Listing

Price Change

Oct 12, 2025

$449,000

$455,000

-1% Price Drop

Initial Listing

Price Change

Sep 29, 2025

$455,000

Initial Listing

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