44083 Palm Avenue
Hemet, CA 92544
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1955 build
- – on site
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.
Last checked:
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Last updated May 9, 2025
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MLS# OC25102486 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3018.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:3
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:3
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# of Separate Water Meters:3
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# of Separate Electric Meters:3
Interior
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Levels:One
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Entry Location:ground
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Flooring:Laminate
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Room Type:All Bedrooms Down
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
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Laundry:1
Location
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Directions:Fairview Ave to Palm Ave
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Latitude:33.75112300
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Longitude:-116.89230700
The Property
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Property Type:Residential Income
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Subtype:Single Family Residence
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Zoning:R-R
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Lot Features:Back Yard, Rectangular Lot, Level
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Lot Size Area:23522.0000
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Lot Size Acres:0.5400
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Lot Size SqFt:23522.00
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Lot Size Source:Assessor
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View:None
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Additional Parcels:Yes
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Additional Parcels Description:549130021
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:437.01
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Tax Lot:13
The Listing
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Special Listing Conditions:Standard
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Parcel Number:549130020
Heating & Cooling
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Heating:1
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Heating:Forced Air, Natural Gas
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer, Sewer Paid
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Electric:220 Volts
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range
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Included:Yes
The Community
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Subdivision:SD Mc Cormick & Griffins
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Features:Rural
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Driveway - Combination, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/8/25
May 8, 2025
|
Listed / Active | CRMLS_CA | $899,000 | 494.2% (60.2% / YR) |
|
7/3/17
Jul 3, 2017
|
Sold | CRMLS_CA | ||
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2/21/17
Feb 21, 2017
|
CRMLS_CA | $151,300 | -33.9% |
