
Hemet, California 92545
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well above the $302,476 Fair Market Value by -23%. Featuring a Condition Rating of 5, this asset requires extensive renovation, yet the 24,829 sq. ft. lot and Mountain Views provide significant upside for value-add strategies. The expansive lot size allows for potential ADU construction or property expansion. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive modernization plan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26180 Bernice Subject | $375,000* List Price | 3 | 2 | 1,770 | $171 | - |
A 33916 Keith Avenue Sold | $430,000 | 2 | 2 | 1,696 | $254 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 and explicitly marketed as a fixer-upper and investor special, this property requires significant rehab and updating. The as-is sale status and description of needing repairs suggest original systems, kitchen, and baths that are well beyond their functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24829, living area = 1770.
At nearly 25,000 square feet, the oversized lot provides significant space for outdoor amenities, potential ADU construction, or property expansion.
The 1,770 square foot layout offers a solid foundation for investors or flippers to renovate and significantly increase equity in an established neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24829, other record lot size in square feet = 25264.
As a designated fixer-upper, the home requires substantial repairs and modernization, necessitating a significant upfront capital investment.
The property is being sold strictly as-is, which may limit traditional financing options and places the full burden of repair costs on the buyer.
Spacious fixer-upper with tons of potential! Investor special opportunity located in an established Hemet neighborhood. This property is in need of repairs and updating, making it ideal for investors looking to add value. Great layout, large lot, and endless possibilities to renovate and customize. Property to be sold as-is. Bring your vision and turn this diamond in the rough into something special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,770 | 1,775 | 49% |
| Lot Size | 24,829.199 | 6,098 | 98% |
| Price | $375.0K | $455.0K | 19% |
| Price per sq ft | $212 | $247 | 20% |
| Built year | 1965 | 2001 | 2% |
| HOA | $0 | $43 | 45% |
| Days on market | 23 | 157 | 0% |
May 14, 2026
$375,000
Initial Listing
Jul 31, 2013
$220,000
Public Record