600 S Lyon, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Income-Generating Senior Residence is listed at $289,000, representing a stable entry point aligned with its $283,189 Fair Market Value. Boasting a Condition Rating of 4, the home features a 2024 Furnace and a Panoramic Golf Course View within the desirable Panorama Village 55+ community. The property is currently tenant-occupied, offering immediate income potential for those seeking a turnkey rental asset. With access to a sparkling pool, spa, and golf, it combines lifestyle perks with financial utility in the Hemet Unified district. This is an ideal match for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 600 S Lyon Subject | $289,000* List Price | 2 | 2 | 1,486 | $183 | - |
A 1561 Sandlewood Drive Sold | $312,000 | 2 | 2 | 1,467 | $213 | 0.1 mi |
B 1520 Sandlewood Drive Sold | $250,000 | 2 | 2 | 1,437 | $174 | 0.1 mi |
C 410 Panorama Drive Sold | $279,900 | 2 | 2 | 1,425 | $196 | 0.3 mi |
D 1580 W Whittier Avenue Sold | $265,000 | 2 | 2 | 1,197 | $221 | 0.1 mi |
E 471 Whitney Sold | $239,900 | 2 | 2 | 1,085 | $221 | 0.2 mi |
F 1560 1560 Amberwood Sold | $260,000 | 2 | 2 | 1,170 | $222 | 0.2 mi |
G 1380 Teakwood Active | $259,900 List Price | 2 | 2 | 1,290 | $201 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1963 (>50 years old) and while well-maintained and tenant-occupied, it lacks evidence of a full modern renovation. It features a new furnace (2024), but the interior images show dated finishes like older carpeting and window-mounted A/C units, suggesting the kitchen and baths likely require updates to meet modern standards.
The property is currently tenant-occupied, offering a turnkey opportunity for investors to generate immediate rental income or for future owners to plan a phased move-in.
With a modest $130 monthly HOA fee, residents enjoy premium 55+ community perks including a golf course, sparkling pool, spa, and an active clubhouse.
The installation of a brand-new furnace in 2024, combined with a versatile enclosed bonus room, adds significant functional value and reduces immediate maintenance concerns.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1486, other record living area = 1286.
The reliance on a swamp cooler and window-mounted A/C units rather than a modern central HVAC system may be less efficient during the extreme heat of Hemet summers.
Built in 1963, the home may require more frequent upkeep of original systems and cosmetic updates to compete with more modern residences in the area.
Welcome to 600 S. Lyon Ave, located in a desirable 55+ community in Hemet offering comfort, convenience, and excellent investment potential. This well-maintained 2-bedroom, 2-bath home features approximately 1,286 sq ft of living space plus an additional enclosed patio/bonus area, providing flexible use for relaxation, hobbies, or additional entertaining space. The property is currently tenant-occupied, creating immediate income potential for investors or an excellent opportunity for future owner occupancy. Recent upgrades include a brand-new furnace installed in 2024, large swamp cooler, and additional window-mounted A/C for year-round comfort. Enjoy low-maintenance living with community amenities that include key-card access to a sparkling pool, enclosed spa/hot tub, golf course, and clubhouse/entertainment center. Conveniently located near shopping, dining, medical facilities, and local services. HOA dues are approximately $130/month. Great opportunity to own in an established retirement community with strong long-term potential.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,486 | 1,410 | 59% |
| Lot Size | 4,356 | 6,534 | 17% |
| Price | $289.0K | $423.0K | 16% |
| Price per sq ft | $194 | $290 | 9% |
| Built year | 1963 | 1977 | 31% |
| HOA | $130.0 | $0 | 66% |
| Days on market | 36 | 177 | 2% |
May 1, 2026
$289,000
Initial Listing