1639 Apple Blossom, Hemet, California 92545, Hemet, 92545 - 6 bed, 3 bath
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Hemet, California 92545
This Six-Bedroom Income-Generating Asset is listed at $580,000, reflecting a premium for its turnkey rental status relative to the $536,041 Fair Market Value. Currently operating as a fully occupied multi-tenant residence, the property offers immediate cash flow and a proven income model. While holding a Fair Condition Rating due to heavy use and original finishes, the spacious 2,389-square-foot layout provides significant upside through cosmetic renovation. Its prime location near Harmony Elementary and West Valley High School ensures consistent demand, making this a strategic acquisition for Buy-and-Hold Investors or Large Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1639 Apple Blossom Subject | $580,000* List Price | 6 | 3 | 2,389 | $224 | - |
A 4519 Ferngreen Sold | $517,000 | 5 | 3 | 2,137 | $242 | 0.2 mi |
B 1619 Elmbridge Lane Sold | $480,000 | 5 | 2 | 1,947 | $247 | 0.1 mi |
C 2039 Bayou Court Sold | $482,500 | 4 | 3 | 1,951 | $247 | 0.5 mi |
D 4510 Ferngreen Sold | $507,500 | 4 | 3 | 2,034 | $250 | 0.2 mi |
E 1413 1413 Rabbit Peak Sold | $495,000 | 5 | 3 | 2,502 | $198 | 0.7 mi |
F 4415 Amber Ridge Lane Sold | $470,000 | 5 | 2 | 1,947 | $241 | 0.2 mi |
G 1230 Manassas Active | $515,000 List Price | 4 | 3 | 2,367 | $218 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, this 22-year-old property falls into the fair category as it is dated and shows signs of heavy use from being operated as a multi-room rental. The kitchen features original laminate countertops and basic painted cabinetry, while the exterior landscaping is neglected and requires immediate attention.
Currently operating as a fully occupied six-bedroom rental, this property offers immediate cash flow and a proven income-generating model for investors.
With six bedrooms and nearly 2,400 square feet of living space, the home provides a rare and functional layout for large or multi-generational families.
The property is conveniently located within walking distance (less than 0.8 miles) of both Harmony Elementary and West Valley High School, both of which carry solid ratings.
The current use as a multi-tenant rental with six individual occupants likely results in higher-than-average wear and tear on common areas and major systems.
The property does not offer any specific views, which may limit its competitive appeal compared to other homes in the area that feature mountain or valley vistas.
This will be the best home for a large family or a Investor. As it is now all six bedrooms are rented out and they all share the common areas like Living room/ dining room and kitchen. The big open backyard is also shared. The home is kept clean. Big open kitchen with center island. This house is close to everything... Schools/shopping/church. Make this home a must see.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 3.8 mi
Grades 6-8 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 2,389 | 1,809 | 78% |
| Lot Size | 7,405 | 6,098 | 71% |
| Price | $580.0K | $455.0K | 94% |
| Price per sq ft | $243 | $247 | 48% |
| Built year | 2002 | 2001 | 52% |
| HOA | $0 | $43 | 46% |
| Days on market | 3 | 181 | 0% |
Apr 20, 2026
$580,000
Initial Listing
Oct 17, 2022
$460,000
Public Record
Jun 27, 2017
$310,000
Public Record
Aug 20, 2002
$201,500
Public Record