615 Toledo Drive, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
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Hemet, California 92545
This property presents a High-Potential Investment Opportunity with a List Price of $230,000—positioned well below the $223,158 Fair Market Value by -3%. While the property requires a full rehab given its Condition Rating of 5, the asset offers a functional layout with central air conditioning and an attached one-car garage. Located within the Hemet Unified School District, this project is ideal for Fix-and-Flip Investors or first-time buyers seeking to build equity through strategic renovation in a convenient, accessible location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Toledo Drive Subject | $230,000* List Price | 2 | 2 | 882 | $253 | - |
A 2046 Calle Diablo Sold | $229,000 | 2 | 1 | 820 | $279 | 0.3 mi |
B 587 San Dimas Sold | $260,000 | 2 | 2 | 977 | $266 | 0.2 mi |
C 1991 Nuevo Street Sold | $240,000 | 2 | 1 | 827 | $290 | 0.2 mi |
D 424 Tierra Baja Way Sold | $200,000 | 2 | 1 | 827 | $242 | 0.2 mi |
E 664 Corona Street Sold | $220,000 | 2 | 2 | 820 | $268 | 0.1 mi |
F 1871 Calle Pasito Sold | $232,500 | 2 | 1 | 827 | $281 | 0.3 mi |
G 2363 W Oakland Avenue Sold | $225,000 | 2 | 2 | 1,051 | $214 | 0.4 mi |
H 2119 Casita Court Sold | $239,500 | 2 | 1 | 820 | $292 | 0.3 mi |
I 1898 Calle Diablo Active | $237,000 List Price | 2 | 1 | 827 | $287 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981 (45 years old) and described as an investment opportunity 'ready to renovate' to 'build equity.' The lack of interior photos combined with the 'fixer' description suggests original kitchen/baths and systems that require a full rehab.
Priced competitively at $230,000, this property presents a prime opportunity for investors or first-time buyers to build significant equity through renovation and modernization.
The home features central air conditioning and an attached one-car garage, providing foundational comfort and security that are highly desirable in the Hemet climate.
The property is ideally situated near shopping, dining, and major commuter routes, offering easy access to everyday amenities and local schools.
The listing indicates the home is ready for a 'next chapter' and renovation, suggesting that immediate additional capital will be needed for repairs and updates.
At just 882 square feet, the living space is quite compact for a two-bedroom, two-bathroom residence, which may limit its appeal to larger families or those seeking spacious interiors.
Welcome to 615 Toledo Dr in Hemet, a 2-bedroom, 2-bathroom single-family home offering 882 square feet of living space on a 3,920 square foot lot. Built in 1981, this home features central air conditioning, an attached one-car garage, and a functional layout ready for its next chapter. Whether you're an investor looking to add to your portfolio or a buyer ready to renovate and make it your own, this property presents an excellent opportunity to build equity. Conveniently located near shopping, dining, schools, and commuter routes, it offers easy access to everyday amenities while providing the potential to customize or update to your vision.
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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 882 | 1,544 |
| Lot Size | 3,920 | 6,970 |
| Price | $230.0K | $446.9K |
| Price per sq ft | $261 | $263 |
| Built year | 1981 | 1988 |
| HOA | $80.0 | $130 |
| Days on market | 14 | 65 |
Jul 8, 2026
$230,000
Initial Listing
Apr 12, 2012
$51,000
Public Record