556 San Marino, Hemet, California 92545, Hemet, 92545 - 2 bed, 1 bath
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Hemet, California 92545
This Senior Housing Value-Add Asset is listed at $227,000, representing a strategic entry point into the high-demand Valle Hermosa 55+ community. Positioned relative to a $161,778 Fair Market Value, the property offers a low-overhead opportunity in a stable retirement niche. Holding a Condition Rating of 5, the 827 sq. ft. residence requires a full modernization of its 1975 galley kitchen and original systems. Featuring an attached garage, covered patio, and an exceptionally low $88 Annual HOA, this is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors within the Hemet Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 556 San Marino Subject | $227,000* List Price | 2 | 1 | 827 | $196 | - |
A 1991 Nuevo Street Sold | $240,000 | 2 | 1 | 827 | $290 | 0.2 mi |
B 1871 Calle Pasito Sold | $232,500 | 2 | 1 | 827 | $281 | 0.4 mi |
C 424 Tierra Baja Way Sold | $200,000 | 2 | 1 | 827 | $242 | 0.4 mi |
D 2196 W Oakland Avenue Sold | $217,000 | 2 | 1 | 827 | $262 | 0.1 mi |
E 357 Antigua Street Sold | $228,500 | 2 | 2 | 820 | $279 | 0.3 mi |
F 533 San Rogelio Street Sold | $215,000 | 2 | 1 | 847 | $254 | 0.0 mi |
G 572 San Rogelio Active | $235,000 List Price | 2 | 1 | 827 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 and nearly 50 years old with no evidence of major renovations. The kitchen and bathroom feature original 1970s-style cabinetry, laminate countertops, and dated appliances. With popcorn ceilings, older carpeting, and aged systems, the property requires a full interior rehab to meet modern standards.
With a listing price under $230,000 and an incredibly low annual HOA fee of just $88, this property offers a rare entry-level opportunity for retirees or budget-conscious buyers in Southern California.
The HOA's investor-friendly policies and the high demand for 55+ housing in the Valle Hermosa community make this an excellent candidate for a rental portfolio or a strategic renovation.
The property features a long concrete driveway and an attached garage with direct interior access, providing superior parking capacity and convenience compared to similar small-footprint homes.
At only 827 square feet with a single bathroom and a shared garage wall, the home's compact layout and duplex-style configuration may feel restrictive for some buyers.
Built in 1975 and featuring laminate countertops and a galley kitchen, the property likely requires modernization and cosmetic updates to meet contemporary aesthetic standards.
Opportunity awaits in the desirable 55+ community of Valle Hermosa! This charming single-family home offers 2 bedrooms, 1 full bathroom, and 827 sq ft of comfortable, functional living space. Built in 1975, the home includes an attached one-car garage that shares one wall with a neighboring unit. The efficient galley kitchen provides ample cabinet storage, a gas range/oven, laminate countertops with tile backsplash, a pantry, and convenient in-kitchen laundry with upper cabinets and a gas dryer hookup. The garage features a door opener with direct access into the home, and the long concrete driveway offers PLENTY of additional parking. A cozy dining nook just off the kitchen overlooks the front yard, while the inviting front patio provides a great spot to relax. The full bathroom features a tub/shower combo. One bedroom includes a sliding door that opens to the backyard’s covered patio. Enjoy the low ANNUAL HOA fee of just $88! Conveniently located near shopping, restaurants, medical offices, and commuter routes. Investor-friendly HOA. Don’t miss this great opportunity!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 827 | 1,792 | 7% |
| Lot Size | 3,920 | 6,098 | 12% |
| Price | $227.0K | $455.0K | 4% |
| Price per sq ft | $274 | $247 | 71% |
| Built year | 1975 | 2000 | 4% |
| HOA | $88.0 | $43 | 65% |
| Days on market | 44 | 180 | 2% |
Mar 9, 2026
$227,000
Initial Listing
Aug 24, 2016
$118,000
Public Record