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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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862 Oleander Street Hemet, CA 92543
$525,000 0 beds, 0 baths
0 sqft
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The Keaty Team

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Agent Remarks

We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story units—ideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is equipped with its own private 2-car garage, plus ample on-site parking—a rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Don’t miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# CV25148384
List price is $525,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1984
1 story
0.21 acres
Lot size: 0.2100
County: Riverside
Zoning: R3
Construction: Copper Plumbing
Interior features: All Bedrooms Down
Parking description: Garage
Lot description: ZeroToOneUnitAcre
Heating/cooling: Central Air
Heating description: Central
MLS area: SRCAR - Southwest Riverside County

Last Updated: 7/3/2025

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This listing belongs to the SRCAR - Southwest Riverside County MLS area

Lat/Long: 33.739576, -116.979858.
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Listing Agent: Kristopher German
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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