527 E Central Avenue

Hemet, CA 92543
$410,000
1682 sqft | 3 beds | 1.75 baths | 0.21 acres | #SW24253238
Courtesy of Century 21 Masters
For Sale

Description

R-3 ZONED HEMET PROPERTY (+BONUS PARCEL) IDEAL FOR MULTIPLE-FAMILY RESIDENTIAL DEVELOPMENT WITH SUBSTANTIAL UPSIDE: 1916 Bungalow on Expansive Lots with Endless Potential! SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential. THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold. BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home. DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats.With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units. CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties. INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear. EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value!
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  • Property Details
      • Interior:BreakfastArea, LaminateCounters, AllBedroomsDown, JackAndJillBath
      • Bedrooms:3
      • Bathrooms:1.75
      • Full Baths:1
      • 3/4 Baths:1
      • View:Neighborhood, None
      • Stories:1
      • Lot description:Level, StreetLevel
      • Acres:0.21
      • Square Feet:1682
      • Property type:Purchase
      • Basement:Unfinished
      • Year built:1916
      • Foundation:Slab
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:ElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
      • School district:Hemet Unified
      • County:Riverside
      • Original List Price:$390, 000
      • MLS #:SW24253238
      • Cost:410000
      • Property subtype:SingleFamilyResidence
      • MLS #:SW24253238
      • Structure type:House

Location

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Last Updated: . Source: CRMLS

Listing Courtesy
Listing Agent: Axel Zuniga
Listing Office: Century 21 Masters

The Alcantara GroupReal Estate Group
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    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information