338 S Gilbert, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath

338 S Gilbert, Hemet, California 92543 home-pic-0

338 S Gilbert

Hemet, California 92543

ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,604Sq Ft
6,970Lot Size

Property Price

LIST PRICE$400,000
EST. MARKET VALUE
$420,001
4% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$420,001 +$20,001 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Hemet.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
338 S Gilbert
Subject
$400,000*
List Price
321,604$262-
A
437 N Franklin Street
Sold
$335,000311,202$2790.9 mi
B
695 S Santa Fe
Sold
$350,000421,532$2280.8 mi
C
175 N Tahquitz
Active
$415,000
List Price
321,449$2860.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1952, this property is aged but has been maintained with some updates, including laminate wood flooring and a renovated primary walk-in shower. However, the kitchen is described as 'functional' rather than updated, and the overall style and fixtures appear dated. It fits the 'fair' category as it is livable but requires cosmetic modernization and likely has older major systems consistent with its age.

PROSSTRENGTHS & OPPORTUNITIES

CONSRISKS & DEFICIENCIES

About 338 S Gilbert

Welcome to 3380 S Gilbert St—an inviting 4-bedroom, 2-bath home offering comfort and character in a peaceful Hemet neighborhood. This 1,604 sq. ft. home built in 1952 features a warm living area with a wood-burning fireplace, a functional kitchen, and four spacious bedrooms with tile and laminate wood flooring throughout. The primary bedroom includes a walk-in closet and a large tile walk-in shower. Situated on a 6,534 sq. ft. lot, the property offers ample space for gardening, pets, or future enhancements. This home has strong potential to easily convert the home into a duplex, with a 3-bedroom, 1-bath unit in the front and a 1-bedroom, 1-bath unit in the rear—ideal for multi-generational living or rental income. This home is a great opportunity for buyers seeking space, flexibility, and value in Hemet.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1952
Lot Size
6,970 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 foot1,6041,343
70%
Lot Size6,9706,534
59%
Price$400.0K$415.0K
45%
Price per sq ft$249$278
38%
Built year19521976
11%
HOA$0$0
50%
Days on market30159
2%

Pricing History

Listed for Sale

Feb 5, 2026

$400,000

Initial Listing

Sold

Jan 23, 2018

$247,500

Public Record

Sold

Feb 13, 2009

$66,000

Public Record

Sold

May 13, 2005

$285,000

Public Record

Sold

Sep 15, 2000

$64,500

Public Record

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