4186 Rexford Drive, Hemet, California 92545, Hemet, 92545 - 3 bed, 2 bath
4186 Rexford Drive
Hemet, California 92545
Property Price
SUMMARY
Analysis of 4186 Rexford Drive, Hemet, California 92545 reveals a property with a current list price of $399,000, which is 8% above the estimated $366,926 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4186 Rexford Drive Subject | $399,000* List Price | 3 | 2 | 1,330 | $276 | - |
A 1419 Nolette Avenue Sold | $413,000 | 2 | 2 | 1,222 | $338 | 0.1 mi |
B 1457 Angelus Hill Sold | $445,000 | 3 | 2 | 1,774 | $251 | 0.3 mi |
C 980 Lexington Sold | $470,000 | 4 | 2 | 1,552 | $303 | 0.9 mi |
D 1946 Tamarack Lane Sold | $430,000 | 3 | 2 | 1,817 | $237 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1987, this home shows its age with dated features. The kitchen has updated stainless steel appliances but features very dated tile countertops and light oak cabinets. The living room carpet appears worn, and while some bedrooms have newer laminate flooring, the bathrooms are functional but not modern. The property is maintained but requires cosmetic updates to key areas to meet current buyer expectations.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Value Proposition
The current list price of $399,000 is below the bank's appraisal of $409,000, offering potential for immediate equity and a competitive purchase opportunity.
- Exceptional Family-Oriented Location
Situated within walking distance to Harmony Elementary and West Valley schools, and conveniently close to shopping and local amenities, making it ideal for families.
- Favorable Ownership Costs
Benefits from no Homeowners Association (HOA) fees and a very low tax rate, significantly reducing monthly expenses for the homeowner.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
Being a short sale, the transaction process is likely to be more protracted and complex, potentially involving longer approval times and less certainty for the buyer.
- Property Age and Potential Updates
Built in 1987, the home is over three decades old. While not explicitly stated, it may require updates to systems, finishes, or appliances to meet modern buyer expectations, which could incur additional costs.
- History of Price Reductions
The property has undergone multiple significant price drops from its original listing of $490,000 to the current $399,000, which could indicate previous market resistance or a prolonged time on the market.
About 4186 Rexford Drive
This is a SHORT SALE. The banks appraisal came in at $409,000..A great home in the perfect area. This big 3 bedroom and 2 full bath has such a warm family vibe. Close to all shopping and church. The kids can walk to school, Harmony elementary is right around the corner and west valley is just a short walk away. The living room has a nice warm fireplace and plenty of room for the family to relax. The kitchen overlooks the front yard and also connects to the dining area. This home has a nice private/quiet backyard to just unwind. Don't miss this home NO HOA VERY LOW TAX RATE
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 5,663 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,330 | 1,752 | 24% |
| Lot Size | 5,663 | 6,098 | 39% |
| Price | $399.0K | $445.0K | 28% |
| Price per sq ft | $300 | $247 | 81% |
| Built year | 1987 | 1999 | 24% |
| HOA | $0 | $43 | 45% |
| Days on market | 324 | 181 | 93% |
Pricing History
Listed for Sale
Feb 5, 2026
$399,000
$409,000
-2% Price Drop
Initial Listing
Price Change
Nov 1, 2025
$409,000
$430,000
-5% Price Drop
Initial Listing
Price Change
Sep 9, 2025
$430,000
Initial Listing
Price Change
Apr 17, 2025
$490,000
Initial Listing