581 E Menlo, Hemet, California 92543, Hemet, 92543 - 0 bed, 0 bath
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Hemet, California 92543
Analysis of 581 E Menlo, Hemet, California 92543 is currently available with a list price of $558,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1952 (>70 years old) with no mention of recent renovations to major systems or interiors. The provided image shows dated wood paneling and older carpeting, and the listing's focus on 'investment opportunity' and lot potential suggests the units require significant rehab to meet modern standards.
The property features two distinct units with individual meters for gas, electricity, and water, providing an ideal setup for immediate rental income and simplified utility management.
With a massive 17,859 sqft lot and R-3 zoning, there is a clear opportunity to add a third unit, allowing investors to maximize density and long-term property value.
The long driveway and expansive lot offer extensive parking space and easy access to the rear unit, a highly desirable feature for multi-family living and tenant convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1608, other record living area = 440.
Built in 1952, the property may require more frequent maintenance or updates to its core systems and finishes compared to newer builds to remain competitive.
The list price of $628,800 for 1,608 square feet is relatively high for the Hemet area, which may impact immediate cap rates and cash flow for investors.
!!!!!!HUGE LOT SIZE!!!!!! THIS IS A GREAT INVESTMENT OPPORTUNITY!!!! TWO SEPARATED UNITS, EACH UNIT HAS ITS OWN GAS ,ELECTRICITY, WATER METERS ALREADY IN PLACE. THIS IS ALL FENCED YARD WITH EXCELLENT CASH FLOW FOR A LONG TERM STABILITY. LONG DRIVE WAY FOR EASY ACCES TO BACK UNIT!!! THIS LOT HAS LOTS TO OFFER, LONG DRIVE WAY ACCES TO BACK UNIT. FRONT UNIT HAS 2 BEDROOMS AND 1 BATHROOM SECOND UNIT HAS 1 BEDROOM WITH 1 BATHROOM, THIS PROPERTY OFFERS A LOT OF PARKING SPACE. *LOT HAS POTENTIAL TO BUILD ANOTHER UNIT IN THE BACK THE ZONING IS R-3 BUYER TO VERIFIED WITH CITY. LOT SIZE IS 17,859 CLOSE TO STORES, GAS STATIONS, AND FWY ACCESS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1952 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 4, 2026
$558,000
$588,000
-5% Price Drop
Initial Listing
May 27, 2026
$588,000
$628,800
-6% Price Drop
Initial Listing
May 5, 2026
$628,800
Initial Listing
Aug 28, 2015
$128,000
Public Record