44083 Palm Avenue, Hemet, CA 92544
- $860,000
- Sold Price
- $860,000
- List Price
- $879,000
- Closing Date
- Jan 16, 2026
- Status
- CLOSED
- MLS#
- OC25257310
- Year Built
- 1955
- Lot Size
- 23,522
- Acres
- 0.54
- Lot Location
- Back Yard, Level, Rectangular Lot
- Days on Market
- 11
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Investors: 5.21 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cash flow***. Seller financing possible.
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Forced Air, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $54,624
- Operating Expense
- 7800
Listing courtesy of Listing Agent: Lawrence Erickson (lawrence@casablancapm.com) from Listing Office: Casa Blanca Realty.
Listing sold by Darlene Parker from FIRST TEAM REAL ESTATE
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.