501 W Latham, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath
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Hemet, California 92543
This Value-Add Residential Asset is listed at $460,000, currently positioned above the $401,451 Fair Market Value. Built in 1947 and maintained in As-Is Condition, the property presents a Fair Condition Rating with significant potential for forced appreciation through strategic modernization. Investors should note the MLS Listing Discrepancy regarding the 3-bedroom configuration versus official title records. Featuring Flexible Delivery options, a month-to-month tenant, and a 6,970 square foot lot near major retail centers, this property is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to capitalize on the Hemet Unified School District rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 W Latham Subject | $460,000* List Price | 3 | 2 | 1,300 | $309 | - |
A 437 N Franklin Street Sold | $335,000 | 3 | 1 | 1,202 | $279 | 0.6 mi |
B 338 S Gilbert Sold | $425,000 | 3 | 2 | 1,604 | $265 | 0.4 mi |
C 641 Kit Avenue Sold | $350,000 | 3 | 2 | 1,153 | $304 | 0.8 mi |
D 459 N Taylor Sold | $388,500 | 4 | 2 | 1,196 | $325 | 0.8 mi |
E 214 W Latham Sold | $390,000 | 3 | 2 | 1,046 | $373 | 0.2 mi |
F 532 Fern Place Active Under Contract | $405,900 List Price | 3 | 2 | 1,314 | $309 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947 and sold in 'as-is' condition, the property appears to be a typical aged home maintained through occasional updates rather than a full renovation. While the exterior shows some improvements like vinyl windows, the lack of interior photos and the 'as-is' disclaimer suggest the kitchen, bathrooms, and major systems are likely dated and require modernization to meet current market standards.
The property is conveniently situated near a major shopping center, providing residents with easy access to retail, dining, and essential daily services.
While currently tenant-occupied, the home will be delivered vacant, offering the buyer immediate possession or the opportunity to select new tenants at current market rates.
With a lot size of nearly 7,000 square feet, the property provides ample outdoor space for recreation, gardening, or potential future improvements.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is being sold in its current 'as-is' condition, which likely implies the need for immediate investment in repairs or modernization.
There is a notable discrepancy between the listed 3-bedroom/2-bath configuration and the official title records showing 2 bedrooms/1.75 baths, which may impact financing or appraisal.
FOR SALE: SPACIOUS THREE-BEDROOM HOME LOCATED CONVENIENTLY NEAR SHOPPING CENTER THIS PROPERTY IS CURRENTLY OCCUPIED BY TENANT. THE LEASE AGREEMENT IS FLEXIBLE, ALLOWING FOR A MONTH-TO-MONTH RENTAL OPTION THE PROPERTY WILL BE DELIVERED VACANT PROPERTY IS BEING SOLD AS IS CONDITION AGENT BRING YOUR BUYER IT WONT LAST .... AGENT TITTLE SHOWS TWO-BEDROOMS AND 1.75 BATHROOM.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 1,349 | 45% |
| Lot Size | 6,970 | 6,534 | 57% |
| Price | $460.0K | $420.0K | 67% |
| Price per sq ft | $354 | $290 | 80% |
| Built year | 1947 | 1976 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 181 | 1% |
Apr 1, 2026
$450,000
Initial Listing
Apr 1, 2026
$460,000
Initial Listing
Mar 16, 2023
$385,000
Public Record
Sep 28, 2022
$244,500
Public Record
Dec 24, 2015
$190,000
Public Record
Feb 26, 2015
$95,000
Public Record
Jun 27, 2003
$119,000
Public Record