
Hemet, California 92544
This Mid-Century Value-Add Asset represents a Strong Value Opportunity, listed at $565,000—positioned well below the $602,945 Fair Market Value by 6%. This valuation gap offers $37,945 in Instant Equity. Featuring a 4/10 Condition Rating, the property includes a 900 sq. ft. expansion area and a 1-acre lot with panoramic canyon views. While requiring cosmetic updates, the recent septic and HVAC improvements provide a solid foundation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28291 Vista Del Valle Subject | $565,000* List Price | 3 | 2 | 1,750 | $345 | - |
A 28405 Vista Del Valle Sold | $539,900 | 3 | 2 | 2,073 | $260 | 0.5 mi |
B 27454 Hemet Active | $650,000 List Price | 3 | 2 | 2,119 | $307 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property is dated with original mid-century features and cabinetry that appear over 30 years old. While the HVAC, furnace, and septic systems are recently updated, the interior finishes, popcorn ceilings, and flooring (for which an allowance is offered) require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 1750.
This Mid-Century home features rare Art Deco Hollywood flair, including a dramatic round stone fireplace, black flagstone flooring, and an original period bar, offering distinct personality and vintage appeal.
The property includes a framed 900 sq. ft. bonus area with plumbing and rebar already in place, providing a high-value opportunity to add a primary suite or additional living space.
The property is currently tenant-occupied and restricted to appointment-only showings, which can complicate the sales process and delay possession for owner-occupants.
The explicit preference for cash or conventional loans, combined with a flooring allowance offer, suggests the property may have condition issues that could challenge FHA or VA financing.
Unique Mid-Century home with retro Art Deco Hollywood flair and panoramic views! Situated on a private 1-acre lot with no rear neighbors and no future development behind, this approximately 1,750 sq. ft. home offers privacy, character, and expansion potential. Features include an open floor plan, dramatic round stone fireplace, black flagstone flooring, built-in seating, original Mid-Century bar, built-ins, and abundant storage. Enjoy a screened patio with therapy swim spa and hot tub, plus a large covered front patio with breathtaking views. Potential future expansion includes a framed 900 sq. ft. bonus area with rebar and plumbing in place for a possible suite and bath addition. Recent improvements include a new septic system, transferable solar, A/C, and gas furnace. Additional amenities include two covered carports, workshop potential, fenced dog run, large laundry/pantry area, and parking for multiple vehicles. Conveniently located near Simpson Park, Diamond Valley Lake, Western Science Center, Ramona Bowl, Soboba Resort Casino, Temecula Wine Country, Idyllwild, Big Bear, Palm Springs attractions, and Southern California beaches. Tenant occupied. Shown by appointment only..Conventional loan preferred, Cash buyer price negotiable. Flooring Allowance for a Conventional loan or Cash Buyer !
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 | 1,750 | 1,608 | 61% |
| Lot Size | 43,560 | 8,276 | 89% |
| Price | $565.0K | $463.0K | 82% |
| Price per sq ft | $323 | $284 | 74% |
| Built year | 1961 | 1978 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 157 | 6% |
Jun 9, 2026
$565,000
$575,000
-2% Price Drop
Initial Listing
Jun 4, 2026
$575,000
$585,000
-2% Price Drop
Initial Listing
Apr 27, 2026
$585,000
$625,000
-6% Price Drop
Initial Listing
Apr 13, 2026
$625,000
Initial Listing
Mar 3, 2011
$192,000
Public Record
Sep 30, 1994
$50,000
Public Record