604 S Santa Fe 1, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Value-Add Senior Living Condo represents a High-Potential Investment Opportunity, listed at $185,000—positioned well below the $248,791 Fair Market Value by 25%. This significant valuation gap provides $63,791 in Instant Equity. While the home maintains a Functional Condition Rating, the dated 1975 interior offers a clear path for forced appreciation through cosmetic updates. Featuring End-Unit Privacy, a Private Patio, and access to Sunrise Village Amenities, this asset balances low-maintenance living with strong financial upside. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-equity retirement transition.
Property is moderate renovation needed.
Built in 1975, this property is in functional condition but remains largely unrenovated. The kitchen features dated oak cabinetry, tile countertops with wide grout lines, and a fluorescent light box. While some appliances have been updated to stainless steel, the overall aesthetic, including the brown carpeting and brass fixtures, reflects its original era. The home is well-maintained but requires cosmetic modernization to meet current market standards.
As an end-unit with only one neighboring residence, this home offers enhanced privacy and a quieter living environment compared to standard interior units.
The HOA covers essential services including water, trash, and landscaping, providing a convenient 'lock-and-leave' lifestyle ideal for 55+ residents.
Residents have access to a robust suite of amenities including a pool, spa, shuffleboard, and clubhouse, fostering an active and social community atmosphere.
Built in 1975, the property may require capital improvements or modern updates to systems and aesthetics to meet contemporary buyer expectations.
The 55+ age restriction limits the potential market to a specific demographic, which can result in a longer time on market during resale compared to non-restricted housing.
Enjoy single-story living in the desirable Sunrise Village 55+ Community. This 2BD/2BA end-unit home offers a functional, low-maintenance layout and added privacy with only one neighboring residence. The inviting living area features a cozy fireplace, while the private patio provides outdoor space and includes an added security gate. Community amenities include pool, spa, shuffleboard, courtyard, and clubhouse. HOA covers water, trash, and landscaping. Conveniently located near shopping, dining, medical services, and everyday essentials
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,161 | 50% |
| Lot Size | 1,742 | 1,742 | 50% |
| Price | $162.0K | $222.1K | 17% |
| Price per sq ft | $144 | $198 | 17% |
| Built year | 1975 | 1975 | 50% |
| HOA | $390.0 | $356 | 67% |
| Days on market | 27 | 107 | 17% |
Apr 19, 2026
$162,000
$185,000
-12% Price Drop
Initial Listing
Mar 26, 2026
$185,000
Initial Listing
May 2, 2002
$60,000
Public Record
Jun 20, 1996
$35,000
Public Record