
Hemet, California 92545
This 6-Bedroom Multi-Generational Home is a High-Potential Investment Opportunity, listed at $580,000—positioned slightly above the $559,710 Fair Market Value. While the price reflects current market stability, the property offers significant value-add potential through its Fair Condition Rating and versatile layout. Featuring a paid-off solar system and new HVAC, this asset is primed for immediate rental income or owner-occupancy. The flexible floor plan with a private entrance is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through multi-generational living.
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 | $234 | - |
A 4519 Ferngreen Sold | $517,000 | 5 | 3 | 2,137 | $242 | 0.2 mi |
B 2039 Bayou Court Sold | $482,500 | 4 | 3 | 1,951 | $247 | 0.5 mi |
C 1619 Elmbridge Lane Sold | $480,000 | 5 | 2 | 1,947 | $247 | 0.1 mi |
D 4570 Ferngreen Sold | $515,000 | 5 | 2 | 1,946 | $265 | 0.2 mi |
E 2031 Lagoon Court Sold | $515,000 | 4 | 3 | 1,775 | $290 | 0.5 mi |
F 1900 Orangetip Lane Sold | $565,000 | 5 | 3 | 3,082 | $183 | 0.2 mi |
G 4770 Thistle Creek Sold | $465,000 | 4 | 2 | 1,759 | $264 | 0.1 mi |
H 4510 Ferngreen Sold | $507,500 | 4 | 3 | 2,034 | $250 | 0.2 mi |
I 4430 Cactus Tree Active | $555,000 List Price | 6 | 3 | 2,389 | $232 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002 (22 years old), the property falls into the 'Fair' category based on age. While it features a new HVAC system, paid-off solar, and recent cosmetic touches like new stair carpet and painted kitchen cabinets, the bathrooms remain dated and the backyard requires landscaping. The interior shows minor wear such as wall patches, indicating a need for minor repairs and modern updates.
The property features a fully paid-off solar system and a brand-new HVAC system, providing significant long-term utility savings and immediate mechanical reliability for the new owner.
With six bedrooms and a rare downstairs bedroom featuring a private entrance, the floor plan is exceptionally well-suited for multi-generational living or maximizing rental income potential.
The private backyard is designed for entertaining, featuring a custom BBQ island that complements the oversized interior kitchen, adding significant lifestyle value to the home.
As the home is currently utilized as a high-occupancy rental with multiple tenants, it may require additional cosmetic updates or deep cleaning beyond the new staircase carpet to meet owner-occupant standards.
The property is served by schools with ratings ranging from 3 to 5, which may be a drawback for families prioritizing high-performing academic districts.
Spacious 6-Bedroom Home – Perfect for Multi-Generational Living or Investment Opportunity! Welcome to this exceptional 6-bedroom, 3-bathroom home offering the perfect blend of space, comfort, and versatility. Whether you're looking for a spacious residence for a growing family or a strong income-producing investment property, this home is a rare find. Currently, four bedrooms are occupied, demonstrating the home's excellent rental potential and flexible floor plan. Residents enjoy shared access to the spacious living room, dining area, large open kitchen, and expansive backyard, all of which are well-maintained and designed for comfortable everyday living. The heart of the home is the oversized kitchen featuring a large center island, abundant cabinetry, and plenty of counter space—perfect for entertaining, family gatherings, or meal preparation. Step outside to enjoy the private backyard oasis complete with a custom BBQ island, ideal for weekend cookouts and outdoor entertaining. A highly desirable downstairs bedroom offers its own private entrance, making it perfect for guests, extended family, a home office, or additional rental income. Current tenants are aware of the sale and are on a month to month tenancy and will vacate by close of escrow. Additional features include: Paid-off solar system for significant energy savings New HVAC/air conditioning system
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 |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,389 | 1,544 |
| Lot Size | 7,405 | 6,970 |
| Price | $580.0K | $446.9K |
| Price per sq ft | $243 | $263 |
| Built year | 2002 | 1988 |
| HOA | $0 | $130 |
| Days on market | 0 | 65 |
Jun 12, 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