44618 State Highway 74, Hemet, California 92544, Hemet, 92544 - 0 bed, 0 bath
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Hemet, California 92544
Analysis of 44618 State Highway 74, Hemet, California 92544 is currently available with a list price of $625,000. 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 1956, the property features a functional but dated remodel. The kitchen contains older white appliances and basic cabinetry likely exceeding 15-20 years in age. While the units are move-in ready and currently generating income, the interior finishes, wood-burning stove, and exterior condition indicate a need for minor repairs and modern updates.
The property offers multiple revenue streams through two residential units and established RV/boat storage, generating over $16,000 annually from storage alone with a total potential income of $50,000+.
Prime Highway 74 frontage in the Valle Vista area provides excellent exposure for business operations and high traffic counts, ideal for commercial or owner-user opportunities.
The nearly one-acre lot features side alley access and full fencing, providing ample space for storage, business expansion, and ease of movement for large vehicles.
Originally built in 1956, the property may require ongoing maintenance or capital improvements to older systems despite recent remodeling efforts to the front unit.
The high-traffic highway location results in increased noise levels and activity, which may detract from the residential tranquility of the onsite living units.
Rare mixed-use investment opportunity with prime Highway 74 frontage in East Hemet’s Valle Vista area. Situated on approximately .80 acres (34,848 sq ft), this versatile property offers multiple income streams and excellent owner-user potential. The property features two residential units, including a remodeled front 2-bedroom, 1-bath unit and a separate back studio-style unit with private access—ideal for rental income, multi-generational living, or onsite management. The expansive fully fenced lot currently generates approximately $16,000+ annually through RV, trailer, and boat storage rentals. Also rent both units for $4000 a month or $50,000 annually. Beautiful front landscaping creates strong curb appeal, while side alley access provides added convenience and flexibility for business operations, storage access, or future expansion. With mixed-use zoning, excellent visibility along Highway 74, and existing income already in place, this property is ideal for investors, small business owners, contractors, or buyers seeking a live/work opportunity with room to grow. Rare chance to own a highly flexible income-producing property in a high-traffic corridor. Property can go FHA.
No exterior & parking available.
No sensitive facilities data found.
Jun 30, 2026
$625,000
Initial Listing
Jul 31, 1998
$70,000
Public Record