921 E Devonshire, Hemet, California 92543, Hemet, 92543 - bed, bath
ACTIVE$530,000$1,656/sqft
921 E Devonshire, Hemet, California 92543
0Bed
0Bath
1,656Sqft
6,534Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property consists of three individual units, providing diversified income streams and strong investment potential for a landlord.
Top Cons:
As-Is Sale Condition: The property is sold 'AS-IS,' indicating the seller will not make repairs, which places the burden of any necessary renovations, repairs, or unforeseen issues on the buyer.
Compared to the nearby listings
Price:$530.0K vs avg $530.0K (+$0)50%
Size:1,656 sqft vs avg 2,228 sqft43%
Price/sqft:$320 vs avg $24686%
More Insights
Built in 1979 (47 years old).
Condition: Built in 1979, the property is over 40 years old. While the listing states 'updated flooring and bathrooms' and the images show clean, freshly painted interiors with new-looking laminate flooring and basic but functional bathrooms, the kitchens feature older-style white cabinets, laminate countertops, and basic appliances. The heating/cooling consists of wall heaters and window AC units, indicating outdated systems. The 'Sold AS-IS' condition suggests that while cosmetic updates have been made, major systems may be original or nearing the end of their lifespan, requiring future attention. The property is aged but maintained through these updates, fitting the 'Fair' category where major components are functional but show signs of being outdated.
Year Built
1979
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$320
HOA
-
Days on market
-
Sold On
-
MLS number
IG25281197
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Welcome to this Charming Triplex!! Featuring three individual units, each with One Bedroom and One Bathroom. Each unit boasts updated flooring and bathrooms. 923 and 925 are part of the Triplex! This property is located near a variety of amenities, this triplex offers great investment potential!! Don't miss this excellent opportunity to invest and thrive! Sold AS-IS.
M
MARIA DIAZ
Listing Agent
Price History
Date
Event
Price
09/18/23
Sold
$470,000
03/15/22
Sold
$420,000
05/17/13
Sold
$174,000
03/28/12
Sold
$95,000
Condition Rating
Fair
Built in 1979, the property is over 40 years old. While the listing states 'updated flooring and bathrooms' and the images show clean, freshly painted interiors with new-looking laminate flooring and basic but functional bathrooms, the kitchens feature older-style white cabinets, laminate countertops, and basic appliances. The heating/cooling consists of wall heaters and window AC units, indicating outdated systems. The 'Sold AS-IS' condition suggests that while cosmetic updates have been made, major systems may be original or nearing the end of their lifespan, requiring future attention. The property is aged but maintained through these updates, fitting the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Income-Generating Triplex: The property consists of three individual units, providing diversified income streams and strong investment potential for a landlord.
Recent Interior Updates: Each unit boasts updated flooring and bathrooms, enhancing tenant appeal and reducing immediate renovation costs for these key areas.
Strategic Location: Situated near a variety of amenities, the property offers convenience for tenants, which can contribute to consistent occupancy and rental demand.
Clear Investment Focus: Explicitly marketed as having 'great investment potential' and an 'excellent opportunity to invest and thrive,' appealing directly to real estate investors.
Manageable Unit Configuration: All units are 1 bedroom, 1 bathroom, which can simplify property management and target a specific, often consistent, tenant demographic.
Cons
As-Is Sale Condition: The property is sold 'AS-IS,' indicating the seller will not make repairs, which places the burden of any necessary renovations, repairs, or unforeseen issues on the buyer.
Property Age: Built in 1979, the property is over 40 years old, suggesting that major systems (e.g., roof, plumbing, electrical, HVAC) may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Limited Unit Size: All units are 1 bedroom, 1 bathroom, which may limit the potential tenant pool to singles or couples and could result in lower per-unit rental income compared to properties with larger unit configurations.