31420 Palm Avenue, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath

31420 Palm Avenue, Hemet, California 92543 home-pic-0

31420 Palm Avenue

Hemet, California 92543

ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,768Sq Ft
820,670Lot Size

Property Price

LIST PRICE$2,185,000

SUMMARY

Analysis of 31420 Palm Avenue, Hemet, California 92543 is currently available with a list price of $2,185,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 2002, the primary residence is 22 years old and falls into the 'fair' category as it has surpassed the 20-year mark without mention of a major recent renovation. While the ranch infrastructure (barns, arenas, and wells) is extensive and highly functional, the 1,768 sqft home features original early-2000s styling. The kitchen and bathrooms, while functional and well-maintained, are dated compared to current modern standards. The property's value is heavily weighted in the 19 acres of specialized rodeo improvements rather than the interior condition of the living quarters.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 820670, living area = 1768.

  • Professional Rodeo Infrastructure

    The property is a turnkey equestrian venue featuring PRCA regulation-size roping arenas, a 5,000 sqft MD Barnmaster barn, and comprehensive livestock facilities with a rich 25-year rodeo history.

  • Exceptional Land & Utility Value

    Spanning 19 flat and usable acres, the ranch is supported by three private wells and extensive power distribution, including 240a connections and generator backups, ensuring total operational self-sufficiency.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =820670, other record lot size in square feet = 417740.

  • Modest Primary Residence

    The 1,768-square-foot home is relatively small and basic in comparison to the massive scale of the ranch infrastructure and the $2.185M asking price.

  • Niche Market Appeal

    The highly specialized nature of the rodeo and livestock improvements may limit the buyer pool to a specific demographic, potentially leading to a longer time on the market.

About 31420 Palm Avenue

Welcome to the renowned Zak Family Ranch (ZZ Ranch) in The Good Heart Valley in Pixley Canyon, located at the Southern Hemet / North Temecula border. Previously the hosting property to the Junior Rodeo and High School Rodeo events, this unique and functional venue/working-ranch/rodeo property sits at 19 acres of flat and usable ranching acreage, and is now being made available by the founding family after 25 years of real rodeoing history. The property includes a 1,768 sf 3 bedroom 2 bathroom single story ranch home overlooking its own 19 acres, surrounding valley, hills and distant mountains. In the center of the property is a roughly 5,000sf (110’x45’) MD Barnmaster barn with a 400sf bunkhouse including shower-bath-sink-toilet and pot belly stove, a 400sf tack-room with 240a dryer, 8 full stalls, wash-rack, hay storage, multiple 240a connections, & 2 RV hookups. Additional structures on site include a 4 space carport, shop with 240a connect, commercial food-grade cold storage brewery, chicken coop, garden greenhouse, and a custom pizza oven. The rodeo features of this property include 2 PRCA regulation size calf and roping arenas, WW Manufacturing roping chutes, a bucking chute, announcer stand platform, audience bleacher stands, and a round pen. The additional working-ranch features include a pig barn with stall, 5 turnout pastures with covers, 6 cattle pens with shelters, including the back 9 acre pasture parcel making up the total of the 19 acres. On property there are roughly 2/3 acre of vineyards (550+ vines) with additional citrus, peach, pear and apricot trees. Water is readily available by way of 3 wells, including bibs out to every corner of the property and within, and power with similar availability including a generator back-up connection. This is a one-of-a-kind ranch, capable of many purposes that further offers the possibilities of expansion in a multitude of different directions & uses.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2002
Lot Size
820,670 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,7681,343
75%
Lot Size820,6706,534
99%
Price$2.19M$415.0K
99%
Price per sq ft$1.2K$279
99%
Built year20021977
66%
HOA$0$0
50%
Days on market3159
1%

Pricing History

Listed for Sale

Mar 4, 2026

$2,185,000

Initial Listing

Sold

Jul 19, 2002

$130,000

Public Record

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