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862 Oleander Street

Hemet, CA 92543

– beds
– baths
– sqft
9,147 sqft lot
1984 build
– on site

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. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)

Listed By CRMLS_CA / Kristopher German / RE/MAX 2000 REALTY / 909-645-0443

Last checked: Checking… • Last updated Jul 8, 2025 •

MLS# CV25148384 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1984
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2258.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Roof:

Shingle
Foundation:

Slab
Stories Total:

1
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Features:

Copper Plumbing Full
Levels:

One
Entry Location:

1
Room Type:

All Bedrooms Down
Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

Just South of Mayberry Ave and East of Palm Ave
Latitude:

33.73957600
Longitude:

-116.97985800

The Property

Property Type:

Residential Income
Subtype:

Duplex
Zoning:

R3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

9147.0000
Lot Size Dimensions:

011
Lot Size Acres:

0.2100
Lot Size SqFt:

9147.00
Lot Size Source:

Assessor
View:

None
Fencing:

Wood
Fence:

Yes
Road Frontage:

Access Road
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

446
Tax Census Tract:

434.04
Tax Tract:

104
Tax Lot:

11

The Listing

Special Listing Conditions:

Standard
Parcel Number:

446104011

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/2/25 Jul 2, 2025	Listed / Active	CRMLS_CA	$525,000	75.6% (13.6% / YR)
12/11/19 Dec 11, 2019		CRMLS_CA	$299,000
8/1/19 Aug 1, 2019		CRMLS_CA	$299,000

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This multifamily located in Laurel Palm, Hemet, CA 92543 is currently for sale for $525,000. 862 Oleander Street is a – square foot multifamily with – beds and – baths that has been on Estately for 14 days. 862 Oleander Street is in the Laurel Palm neighborhood of Hemet and has a WalkScore® of 45, making it car-dependent. This multifamily is in the attendance area of Diamond Valley Middle School, West Valley High School, and Whittier Elementary School.

Listing Courtesy of: CRMLS_CA and RE/MAX 2000 REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 06:08 on Jul 16.

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.