527 E Central Avenue, Hemet, CA 92543
-
Listed Price :
$410,000
-
Beds :
3
-
Baths :
2
-
Property Size :
1,682 sqft
-
Year Built :
1916
Property Description
INVESTOR OPPORTUNITY 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!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup, Inside |
| Kitchen Information |
| Features |
Laminate Counters, None |
| Bedroom Information |
| Features |
All Bedrooms Down |
| Bedrooms |
3 |
| Bathroom Information |
| Features |
Jack and Jill Bath, Bathtub, Separate Shower |
| Bathrooms |
2 |
| Flooring Information |
| Material |
Laminate, Tile |
| Interior Information |
| Features |
Breakfast Area, Laminate Counters, All Bedrooms Down, Jack and Jill Bath |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
527 E Central Avenue |
| City |
Hemet |
| State |
CA |
| Zip |
92543 |
| County |
Riverside |
| Listing Agent |
Axel Zuniga DRE #02011505 |
| Courtesy Of |
Century 21 Masters |
| List Price |
$410,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
1,682 |
| Lot Size |
9,148 |
| Year Built |
1916 |
Listing information courtesy of: Axel Zuniga, Century 21 Masters. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 23rd, 2025 at 12:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
