629 E Latham Avenue, Hemet, California 92543, Hemet, 92543 - 3 bed, 1 bath
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Hemet, California 92543
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned above the $281,671 Fair Market Value. While the price reflects a premium, the asset offers significant versatility with its dual-address configuration and history as professional office space. Featuring a Condition Rating of 5, the home requires reconditioning to reach its full residential potential. The large 8,276 sqft lot and newer HVAC system provide a solid foundation for Value-Add Investors or Owner-Occupants seeking a customizable vintage project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 629 E Latham Avenue Subject | $375,000* List Price | 3 | 1 | 1,207 | $233 | - |
A 220 S State Street Sold | $275,000 | 3 | 1 | 972 | $283 | 0.4 mi |
B 214 W Latham Sold | $390,000 | 3 | 2 | 1,046 | $373 | 0.5 mi |
C 529 E Latham Sold | $370,000 | 3 | 1 | 1,226 | $302 | 0.1 mi |
D 641 Kit Avenue Sold | $350,000 | 3 | 2 | 1,153 | $304 | 0.5 mi |
E 437 N Franklin Street Sold | $335,000 | 3 | 1 | 1,202 | $279 | 0.3 mi |
F 1041 Street Whittier Avenue Sold | $305,000 | 3 | 2 | 1,253 | $243 | 0.9 mi |
G 434 S Harvard Street Active | $379,000 List Price | 3 | 1 | 1,080 | $351 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928, this property is nearly 100 years old and lacks evidence of a recent full renovation. While it features a newer HVAC system, the listing explicitly states it needs reconditioning to be used as a residence again after serving as an office, suggesting the kitchen and bath require significant updates or rehab to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1207.
This 1928 California Spanish cottage features timeless elements like a tile roof, coved ceilings, and a classic fireplace, offering unique character rarely found in modern builds.
The property includes a newer central HVAC system, providing modern comfort and energy efficiency within a vintage structure.
The home requires interior updates and reconditioning to transition back to a full-time residence, which may necessitate immediate additional capital investment.
Featuring three bedrooms but only one bathroom, the layout may be less convenient for larger families or modern buyer expectations.
Beautiful Classic California Spanish cottage! You will love the features and characteristics of this home. It has a tile roof, raised, coved ceilings, a fireplace, three bedrooms, a large bathroom, a generous kitchen and a utility room, central heating and cooling. It has been used as an all electric office space and may so again. Includes a newer HVAC. Outside is a large, fenced yard with fruit trees. As a residence it needs a bit of reconditioning, which is reflected in the price. Property extends beyond the back fence, including the parking spaces. The home has two addresses: 161 N. Thompson and 629 E. Latham. This is a centrally located vintage home come take a look!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,207 | 1,392.5 | 36% |
| Lot Size | 8,276 | 6,534 | 81% |
| Price | $375.0K | $420.0K | 31% |
| Price per sq ft | $311 | $291 | 60% |
| Built year | 1928 | 1977 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 181 | 1% |
May 20, 2026
$375,000
Initial Listing
Dec 30, 1997
$108,000
Public Record
Oct 21, 1997
$107,500
Public Record