26401 Olive, Hemet, California 92544, Hemet, 92544 - bed, bath
26401 Olive
Hemet, California 92544
Property Price
SUMMARY
Analysis of 26401 Olive, Hemet, California 92544 is currently available with a list price of $750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1978, this property is 46 years old. The exterior image reveals significant wear, peeling paint, and faded wooden elements, indicating deferred maintenance and a need for substantial cosmetic repairs. The MLS description and AI analysis explicitly state that units 'may require updates' and do not detail recent renovations, strongly suggesting that the kitchens, bathrooms, and other interior components are original or very dated, requiring significant rehabilitation to meet current standards and maximize rental income. While central AC/heating is present, the age of these systems is unknown and likely nearing the end of their lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a quadruplex, the property offers diversified rental income streams, enhancing investment stability and cash flow.
- Tenant Utility Responsibility
All units are individually metered for gas and electricity, significantly reducing landlord operating expenses and simplifying utility management.
- Additional Income Source
An on-site, income-producing laundry facility provides an extra revenue stream and adds a valuable amenity for tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 3375.
- Property Age
Built in 1978, the property is over 45 years old, which may necessitate future capital expenditures for maintenance, repairs, or modernization to remain competitive.
- Landlord Water Heater Expense
A central water heater implies the landlord is responsible for hot water costs for all four units, which can be a significant and ongoing operating expense.
About 26401 Olive
!!!GREAT INVESTMENT OPORTUNITY!!! Property is conviniently located near schools, churches, and highway. Take advantage of this 4plex with 3 of the 4 boasting of a private patio with storage area, top unit has its own balcony. Unit A has 2bed/1.5bath, unit B,C,D have 2bed/1bath. 4plex has central water heater and laundery facility. All four units have central AC/Heating and are individually metered for gas and electricity. There is a four vehicle carport and two uncovered spaces. Take advantage of this great oportunity for future rental increase and income producing laundry facility.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1978
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,600 | 2,312 | 86% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $750.0K | $530.0K | 71% |
| Price per sq ft | $208 | $240 | 14% |
| Built year | 1978 | 1977 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 129 | 29% |
Pricing History
Listed for Sale
Dec 3, 2025
$750,000
Initial Listing
Sold
May 18, 2009
$170,000
Public Record
Sold
Jun 30, 2005
$560,000
Public Record
Sold
Nov 7, 1997
$76,000
Public Record