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424 W Mayberry Avenue, Hemet, California 92543, Hemet, 92543 - 5 bed, 2 bath

424 W Mayberry Avenue, Hemet, California 92543 home-pic-0
ACTIVE$524,888
424 W Mayberry Avenue, Hemet, California 92543
5Beds
2Baths
1,664Sqft
7,841Lot
Year Built
1951
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$315
HOA
-
Days on market
-
Sold On
-
MLS number
CV24196022
Home ConditionExcellent
Features
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $524.9K(86th), sqft - 1664(71th), beds - 5(94th), baths - 2(50th).

Perfect home for investors looking to maximize income, could potentially be converted to a duplex, large back yard has the space for a potential ADU. This 5 bedroom 2 bath property is currently rented as a co-op living space Each room is rented for $850 a month , yielding great income. Property has many improvements including fresh exterior and interior paint, beautiful original refinished hardwood floors in living room, dinning room and 3 bedrooms, tile floors cover an extra wide hallway and 2 over sized bedrooms, a complete remodeled was done to both baths, and kitchen. Kitchen, features Corian counter-tops, new stainless steel appliances, including a stainless steel dishwasher. Laundry hook-ups are in the 1 car garage. The larger backyard is perfect for entertaining. This property offers easy access to multiple local shopping centers and eateries. It is also a brisk walk away from the old town of Hemet where you can find many historical buildings and parks.

Price History

Date
Event
Price
09/14/25
Price Change
$524,888
09/20/24
Listing
$525,000
Condition Rating
Excellent
Despite being built in 1951, the property has undergone extensive recent renovations, including a complete remodel of both bathrooms and the kitchen, which now features Corian countertops and new stainless steel appliances. The refinished original hardwood floors and fresh interior/exterior paint contribute to a virtually new feel in key living areas, meeting current quality standards. While the original build year suggests potential for older underlying infrastructure, the visible and functional components have been brought to an excellent, move-in ready condition.
Pros & Cons

Pros

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 = 7841, living area = 1664.
High Income-Generating Potential: Currently configured as a co-op living space with each of the 5 rooms rented for $850/month, yielding significant and immediate income for investors.
Significant Value-Add Opportunities: The property offers strong potential for conversion into a duplex and/or the addition of an Accessory Dwelling Unit (ADU) in the large backyard, maximizing future income and property value.
Extensive Recent Renovations: The home has undergone substantial improvements including fresh exterior and interior paint, refinished original hardwood floors, and completely remodeled bathrooms and kitchen featuring Corian countertops and new stainless steel appliances.
Spacious 5-Bedroom Layout: With 5 bedrooms and 2 bathrooms, including oversized bedrooms and an extra-wide hallway, the property offers ample living space suitable for various configurations or continued co-op use.
Convenient Local Amenities: The location provides easy access to multiple local shopping centers, eateries, and is a brisk walk away from Hemet's historic old town, parks, and historical buildings.

Cons

Older Property Age: Built in 1951, the property's age, despite recent renovations, may imply potential for underlying older infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades.
Limited Parking/Garage Space: The property features only a 1-car garage, which also houses laundry hook-ups. This is potentially insufficient for a 5-bedroom home, especially if converted to a multi-unit dwelling, impacting parking and storage.
Lack of Scenic Views: The property description explicitly states 'view:None,' indicating an absence of desirable scenic views that could otherwise enhance its appeal and market value.

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