862 Oleander Street
Hemet, CA 92543
Map
- 4 beds
- – baths
- 2,258 sqft
- 9,147 sqft lot
- $232 per sqft
- 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)
Last checked:
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Last updated Jul 8, 2025
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MLS# CRCV25148384 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1984
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Building Area Units:Square Feet
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Building Area Total:2258
Room Dimensions
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Living Area:2258
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Living Area Units:Square Feet
Location
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Directions:Just South of Mayberry Ave and East of Palm Ave
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Exterior Features:Other
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Parcel Number:446104011
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Zoning:R3
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Lot Size Area:0.21
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Lot Size Acres:0.21
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Lot Size SqFt:9147
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Lot Size Units:Acres
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View:None
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View:false
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Fencing:Wood
Listing Agent
- Contact info:
- Agent phone:
- (626) 427-0786
Taxes
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Tax Tract:434.04
Beds
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Bedrooms Total:4
The Listing
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Listing Terms:Other
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Appliances
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Laundry Features:No Hookups
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:2
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Parking Features:Other
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 |
|---|---|---|---|---|
|
7/2/25
Jul 2, 2025
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Listed / Active | BRIDGE | $525,000 | 75.6% (13.6% / YR) |
|
12/11/19
Dec 11, 2019
|
CRMLS_CA | $299,000 | ||
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8/1/19
Aug 1, 2019
|
CRMLS_CA | $299,000 |
