44083 Palm Avenue

Hemet, CA
$ 629,000 Beds 0 Baths 0 Sq 2,500
Monthly Estimate* How much can I afford?

Investors: 6.12 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 market rates, one month-to-month and two with leases, eight months remaining on lease term. 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 cashflow--cap rate 6 plus.

Income

  • Price
  • $ 629,000
  • Lot Size
  • 0.54 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,500
  • Full Bathrooms
  • 0
  • Year Built
  • 1955
  • Half Bathrooms
  • 0
  • City, Zip
  • Hemet
  • County
  • RIVERSIDE
  • Style
  • Area
  • Southwest Riverside County
  • MLS#
  • OC20174052
  • Zip
  • 92544
Listing Provided by: Lawrence Erickson with Casa Blanca Realty.

Features

General

Appliances Gas Oven, Gas Range
Attached Structure Detached
Community Features Rural
Cooling Central Air
Directions Fairview Ave to Palm Ave
Flooring Laminate
Garage Spaces 0.00
Heating Forced Air, Natural Gas
Levels One
Listagentaor Orange County
Listing Agent Lawrence Erickson - BRE#01261483
Listing Agent State License 01261483
MLS Area SRCAR - Southwest Riverside County
Number of Units Leased 3
Parking Features Driveway - Combination, Paved
Pool Features None
Price Per Square Foot 251.60
Sewer Public Sewer, Sewer Paid
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name SD Mc Cormick & Griffins
Total Units 3
Zoning R-R

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 830
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls No Common Walls
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
Laundry Y/N Yes
Range Count 3
Studio Area Unit Type Square Feet
Total Stories 1

Exterior Features

Building Area Total 2500.00
Lot Features Back Yard, Rectangular Lot, Level
Lot Size Acres 0.5400
Lot Size Area 23522.0000
Lot Size Source Assessor
Lot Size Square Feet 23522.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 3
Parking Y/N Yes
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/24/2020 Listed $629,000

Property vs Zip Code Average in 92544

Price
AVG $500K
$630K
Visits
AVG 33
24
Year Built
AVG 1956
1955

Map

Areas That We Cover

44083 Palm Avenue Hemet, CA is a Single Family Home for sale at $629000 with 2500 sqft and a lot size of 0.54 Acres Acre(s). 44083 Palm Avenue Hemet has 0 bedrooms, 0 baths and was built in 1955. The property's zip code is 92544 which is in Hemet, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.