358 Alessandro Street S, Hemet, California 92543, Hemet, 92543 - 0 bed, 0 bath
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Hemet, California 92543
Analysis of 358 Alessandro Street S, Hemet, California 92543 is currently available with a list price of $915,000. 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.
Property is moderate renovation needed.
Built in 1976, this quadruplex appears to be in functional condition but shows clear signs of its age. The exterior is maintained but dated, and the lack of interior images or mention of recent renovations suggests the units likely require cosmetic updates and modernization of fixtures and appliances to meet current market standards.
As a quadruplex, this property offers a robust opportunity for residential income, allowing investors to diversify their cash flow across four separate units.
The property sits on a substantial 12,196-square-foot lot, providing ample space for tenant parking, outdoor amenities, or potential future site enhancements.
The listing is part of a larger assembly of units on Alessandro Street, offering a rare chance for an investor to acquire a significant footprint in a single location for streamlined management.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12196, other record lot size in square feet = 6098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2916, other record living area = 1458.
The list price of $915,000 is a significant increase from the 2022 sale price of $325,000, which may challenge appraisal values and investor cap rate expectations.
The listing description lacks specific unit details and requires cross-referencing other MLS numbers, which may deter buyers looking for immediate and transparent property data.
This property is in an "Opportunity Zone". This offering includes 2 duplexes; 358 S Alessandro and 362 S Alessandro for a total of 4 units with separate APNs. Attractive street presence, well maintained duplexes, ALL 2 bed 1 bath each. Both duplexes have newer roofing and dual pane windows. 8 stall carport in rear of property. EZ desertscape landscaping. Each unit has a small private rear patio area. Properties floorplans are identical. Long term tenants in 358 that are on a month to month tenancy. 362 occupants are on annual leases. Each duplex has 1 water meter, seller pays water/trash/sewer with a seller payment cap. The building at 362 has a recently upgraded interior. also Listed as MLS# for 362 S Alessandro St A&B, and MLS# SW26040320 for 358 S Alessandro St A&B.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,916 | 2,228 | 71% |
| Lot Size | 12,196 | 6,970 | 86% |
| Price | $915.0K | $575.0K | 86% |
| Price per sq ft | $314 | $265 | 86% |
| Built year | 1976 | 1975 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 175 | 14% |
Feb 24, 2026
$915,000
Initial Listing
Oct 18, 2022
$325,000
Public Record
May 15, 2018
$145,000
Public Record