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886 Ponderosa Drive, Hemet, California 92543, Hemet, 92543 - bed, bath

886 Ponderosa Drive, Hemet, California 92543 home-pic-0
ACTIVE$719,000
886 Ponderosa Drive, Hemet, California 92543
0Bed
0Bath
2,924Sqft
12,197Lot
Year Built
1981
Close
-
List price
$719K
Original List price
$780K
Price/Sqft
$246
HOA
-
Days on market
-
Sold On
-
MLS number
OC25063684
Home ConditionGood
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $719.0K(71th), sqft - 2924(71th), beds - undefined(50th), baths - undefined(50th).

LIVE IN ONE UNIT AND GENERATE RENTAL INCOME IN THE SECOND UNIT. Each unit has 3 spacious bedrooms and two bathrooms with double patios and direct access to a 2-car garage. Both units have been recently renovated with new tile and laminate flooring, new kitchen cabinets with granite countertops, new sinks and faucets, new hot water tanks, new showers, LED energy efficient lighting inside and outside as well as a new central heating and cooling systems. The property is located on a large, landscaped lot (12,196 square feet) with a courtyard entry, with a large majestic old oak tree adorning the front of the duplex. This centrally located is conveniently located close to all amenities.

Price History

Date
Event
Price
10/03/25
Price Change
$719,000-4.0%
08/30/25
Price Change
$749,000+4.0%
08/19/25
Price Change
$719,900-4.0%
08/02/25
$749,900
03/24/25
$779,900
Condition Rating
Good
The property, built in 1981, has undergone extensive recent renovations as described, including new tile and laminate flooring, new kitchen cabinets with granite/solid surface countertops, new sinks and faucets, new showers, LED lighting, and new central heating and cooling systems. The images confirm these updates, showing clean, functional, and updated spaces. While the appliances are white and some fixtures are basic, preventing an 'Excellent' rating, the comprehensive nature of the renovations, particularly to major systems, makes it move-in ready with no immediate repairs needed, aligning perfectly with a 'Good' condition score.
Pros & Cons

Pros

Income-Generating Duplex: The property is explicitly marketed as an income-generating duplex, allowing the owner to live in one unit and rent out the other, or rent both for maximum investment return.
Comprehensive Recent Renovations: Both units have undergone extensive recent renovations, including new flooring, kitchen cabinets with granite countertops, sinks, faucets, hot water tanks, and showers, significantly reducing immediate maintenance needs for a new owner.
Modern HVAC & Energy Efficiency: The inclusion of new central heating and cooling systems, along with LED energy-efficient lighting, ensures modern comfort and potentially lower utility costs for residents.
Spacious Units with Garages: Each unit features 3 spacious bedrooms, 2 bathrooms, double patios, and direct access to a 2-car garage, offering ample living space and convenience for tenants or owner-occupants.
Large, Landscaped Lot: Situated on a generous 12,196 square foot landscaped lot with a courtyard entry and a majestic old oak tree, enhancing curb appeal and providing attractive outdoor space.

Cons

Significant Price Reduction History: The property has experienced multiple price reductions from its original list price of $779,900 down to $719,000, which could indicate market resistance or perceived overpricing.
Age of Core Structure: Built in 1981, the underlying structure is over 40 years old. While extensively renovated, some original components (e.g., plumbing, electrical infrastructure not explicitly replaced) may still be present and could require future attention.
Absence of Rental Income Data: Despite being an income property, the listing does not provide current or projected rental income figures, making it challenging for potential investors to immediately assess cash flow and return on investment.

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