2174 Avenida Olivos, Hemet, California 92545, Hemet, 92545 - 2 bed, 1 bath
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Hemet, California 92545
This Tenant-Occupied Duplex is a strategic entry into the Southern California market with a List Price of $219,900—positioned below the $221,354 Fair Market Value by 1%. This valuation provides $1,454 in Instant Equity. Currently generating $1,450 monthly income, the asset features peek-a-boo mountain views and a private patio near Fruitvale Elementary. Although the Condition Rating of 4 indicates deferred maintenance, the stable tenancy ensures immediate cash flow and a strong ROI. This is an ideal acquisition for Buy-and-Hold Investors or first-time investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2174 Avenida Olivos Subject | $209,900* List Price | 2 | 1 | 820 | $266 | - |
A 660 Sann Huerta Street Sold | $225,000 | 3 | 1 | 967 | $233 | 0.3 mi |
B 2424 San Pedro Avenue Sold | $176,000 | 2 | 1 | 827 | $213 | 0.3 mi |
C 2140 San Bernardo Avenue Active | $222,000 List Price | 2 | 1 | 827 | $268 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, this property is in functional but dated condition with visible deferred maintenance. The kitchen features older cabinetry and white appliances, while the bathroom contains an outdated shell-style vanity and basic fiberglass surround. Although the flooring appears to have been updated to a laminate or vinyl plank, the home retains popcorn ceilings and requires significant cosmetic updates, landscaping, and general repairs to address the wear and tear of a long-term tenancy.
The property is currently generating $1,450 per month with a reliable, long-term tenant already in place, ensuring cash flow from the first day of ownership.
Priced at $225,000, this property offers a rare and accessible entry point for investors looking to enter the Southern California market at a lower price bracket.
The existing tenant has a strong history of on-time payments and expresses a desire to stay, significantly reducing the risk and expense associated with vacancy and turnover.
The property requires repairs and updates to address deferred maintenance, which will necessitate additional upfront capital investment beyond the purchase price.
With only 820 square feet for a two-bedroom configuration, the interior living areas are relatively small, which may limit future rental growth or appeal to larger households.
Tenant-occupied investment opportunity in Hemet. Currently generating $1,450 per month with a longtime tenant who has a strong on-time payment history and would like to stay. Offering approximately 820 sq ft, the home does have some deferred maintenance, and the asking price reflects that condition. A solid option for buyers seeking immediate rental income and an affordable entry point compared with many Southern California investment properties.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 50% |
| Baths | 1.0 | 0.5 | 50% |
| Square foot | 820 | 1,587.5 | 17% |
| Lot Size | 3,485 | 5,880.5 | 17% |
| Price | $209.9K | $357.5K | 33% |
| Price per sq ft | $256 | $223 | 83% |
| Built year | 1978 | 1977 | 50% |
| HOA | $36.0 | $18 | 50% |
| Days on market | 36 | 176 | 33% |
Apr 5, 2026
$209,900
$219,900
-5% Price Drop
Initial Listing
Mar 23, 2026
$219,900
$225,000
-2% Price Drop
Initial Listing
Mar 17, 2026
$225,000
Initial Listing
Oct 29, 2013
$72,500
Public Record
Sep 12, 1994
$58,000
Public Record