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600 S Lyon, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath

600 S Lyon, Hemet, California 92543 home-pic-0
ACTIVE$295,000
600 S Lyon, Hemet, California 92543
2Beds
2Baths
1,286Sqft
4,356Lot
Year Built
1963
Close
-
List price
$295K
Original List price
$305K
Price/Sqft
$229
HOA
$130
Days on market
-
Sold On
-
MLS number
CV25226259
Home ConditionPoor
Features
Good View: Panoramic
ViewPanoramic

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,5 Pros. Rank: price - $295.0K(19th), sqft - 1286(41th), beds - 2(42th), baths - 2(50th).

Welcome to 600 S. Lyon Ave, a fantastic investment opportunity in a sought-after 55+ community. This well-maintained 2 bedroom, 2 bathrooms plus a bonus enclosed patio home offers 1,286 sq ft of comfortable living space and is currently tenant-occupied, providing immediate rental income, With a smart layout, low maintenance living and recent upgrades including a brand new furnace in 2024, Large swamp cooler, and window mounted A/C,. The community amenities add even more value with low HOA$130/monthly that includes key-card access to a large pool, huge enclosed hot tub, golf course, and a entertainment house. this property is an ideal choice for investors seeking steady returns or buyers looking for a tax advantaged asset. A rare chance to own in an established retirement neighborhood with built in rental stability (section 8) -DONT MISS IT!

Nearby schools

2/10
Whittier Elementary School
Public,•K-5•0.8mi
3/10
Diamond Valley Middle School
Public,•6-8•1.5mi
5/10
West Valley High School
Public,•9-12•1.8mi
1/10
Aspire Community Day
Public,•7-12•1.8mi

Price History

Date
Event
Price
10/17/25
Price Change
$295,000-3.3%
09/26/25
Listing
$305,000
Condition Rating
Poor
The property was built in 1963, making it over 60 years old. While the description notes a brand new furnace in 2024 and mentions 'well-maintained,' the visible interior images show dated carpeting and an older style ceiling fan. Crucially, there are no images of the kitchen or bathrooms, which are key areas for assessment. Given the property's age and the lack of specific renovation details for these critical spaces, it's highly probable they are original or were last renovated 30-50+ years ago. The presence of a swamp cooler and window-mounted A/C, despite a new furnace, indicates a piecemeal and outdated cooling system. To bring the kitchen and bathrooms to modern standards, substantial repairs and rehabilitation would be required, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Immediate Rental Income & Stability: The property is currently tenant-occupied with Section 8, providing immediate rental income and built-in stability for investors.
Extensive Community Amenities: A low HOA fee of $130/monthly grants access to a large pool, huge enclosed hot tub, golf course, and an entertainment house, significantly enhancing lifestyle and value.
Recent Major System Upgrades: Key systems have been recently updated, including a brand new furnace in 2024, a large swamp cooler, and a window-mounted A/C, reducing immediate maintenance concerns.
Targeted 55+ Community Appeal: Located in a sought-after 55+ community, this property caters to a specific demographic, making it an ideal choice for investors or buyers seeking retirement living.
Well-Maintained & Low Maintenance: Described as well-maintained with a smart layout and low-maintenance living, appealing to both current tenants and future owners.

Cons

Age of Property: Built in 1963, the property is over 60 years old, which may imply potential for age-related maintenance issues or outdated systems beyond the recent upgrades.
Limited Cooling System: While equipped with a new swamp cooler and window A/C, the absence of central air conditioning might be less efficient or desirable in warmer climates like Hemet.
Tenant-Occupied Challenges: Being tenant-occupied can complicate property showings, inspections, and the transition process for a new owner, especially if they intend to occupy the property themselves.

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