40210 Frances, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well above the $307,404 Fair Market Value by 13%. While the property requires significant rehabilitation due to its Condition Rating of 5, the expansive 7,405-square-foot lot offers substantial upside for expansion or ADU development. Featuring scenic views and located within the Hemet Unified School District, this asset is a prime candidate for value-add strategies. This project is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40210 Frances Subject | $350,000* List Price | 2 | 1 | 792 | $388 | - |
A 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.4 mi |
B 609 S Buena Vista Street Sold | $390,000 | 2 | 1 | 1,004 | $388 | 0.8 mi |
C 940 Marlyce Active | $395,000 List Price | 2 | 2 | 1,012 | $390 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1964 (60 years old) and the listing explicitly states it 'needs some TLC,' which typically indicates original systems and a need for significant rehabilitation. Given the age exceeds 30 years without mentioned renovations, it falls into the poor category requiring rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 792.
Marketed as having 'lots of potential,' this property is an ideal candidate for investors or DIY buyers looking to build sweat equity through strategic renovations.
The 7,405-square-foot lot provides ample space for outdoor living, potential home expansion, or the addition of an Accessory Dwelling Unit (ADU).
The property is noted to need 'TLC,' indicating deferred maintenance that will require immediate capital expenditure for repairs and modernization.
At only 792 square feet, the compact interior layout may be a drawback for families or buyers seeking more spacious living areas and storage.
This property has 2 bedrooms and 1 bathroom. Lots of potential needs some TLC.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 792 | 1,544 |
| Lot Size | 7,405 | 6,970 |
| Price | $350.0K | $446.9K |
| Price per sq ft | $442 | $263 |
| Built year | 1964 | 1988 |
| HOA | $0 | $130 |
| Days on market | 15 | 65 |
Jul 7, 2026
$350,000
Initial Listing
Aug 23, 2023
$325,000
Public Record
May 14, 2019
$185,000
Public Record
Feb 27, 2014
$108,000
Public Record
Oct 17, 2001
$81,000
Public Record