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Sold for $740,000
  • $740,000

    1287 Olive Tree Ln, Hemet, CA 92543

    8beds
    4baths
    4,000sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $775,400 Zestimate®
    $185/sqft
    $1,424 Estimated rent

    Home value

    $775,400

    $737,000 - $814,000

    $1,424/mo

    Zestimate® history
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    What's special

    New roofCarport parking
    Turnkey 4-Plex Investment Opportunity Hemet, CA ! Excellent opportunity to acquire a well-maintained 4-unit income property in Hemet, California, offering an approximate 6% cap rate. This property has seen major recent capital improvements, including a new roof and new A/C units, significantly reducing future maintenance costs and enhancing long-term value. The 4-plex features carport parking, providing added convenience and appeal for tenants. Units are well laid out and positioned to attract consistent rental demand in a growing Inland Empire market. Ideal for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset. Strong fundamentals, solid cash flow, and major upgrades already completed make this a compelling, low-maintenance investment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Damien Melle DRE # 01382073 909-900-8842,

    HxP Real Estate, Inc. 909-947-9931

    Bought with:

    Damien Melle, DRE # 01382073

    HxP Real Estate, Inc.

    Source: CLAW,MLS#: 26644685MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Central
    Cooling
    • Air Conditioning, Central Air
    Appliances
    • Included: Range/Oven
    Interior area
    • Total structure area: 4,000
    • Total interior livable area: 4,000 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Secured, Detached Carport
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,276 sqft
    Details
    • Additional structures: None
    • Parcel number: 447173021
    • Zoning: R4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1965

    Community & neighborhood

    Location
    • Region: Hemet

    Price history

    DateEventPrice
    2/27/2026Sold$740,000-4.5%$185/sqft
    Source: CLAW #26644685 Report a problem
    2/6/2026Contingent$775,000$194/sqft
    Source: CLAW #26644685 Report a problem
    1/29/2026Listed for sale$775,000+126.3%$194/sqft
    Source: CLAW #26644685 Report a problem
    12/1/2015Sold$342,500+38.7%$86/sqft
    Source: Public Record Report a problem
    11/19/2014Sold$247,000-55.9%$62/sqft
    Source: Public Record Report a problem
    5/4/2006Sold$560,000+460%$140/sqft
    Source: Public Record Report a problem
    5/12/1994Sold$100,000$25/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,718 +2%$406,322 +2%
    2024$4,626 +1.3%$398,374 +2.1%
    2023$4,567 +1.9%$390,348 +2%
    2022$4,480 +1.6%$382,780 +2.2%
    2021$4,408 +1.1%$374,570 +1%
    2020$4,361 +2.2%$370,730 +2%
    2019$4,269 +3.1%$363,462 +1.8%
    2018$4,139 +1.2%$357,165 +2%
    2017$4,092 $350,285 -3.9%
    2016$4,092 +24.9%$364,500 +35.5%
    2015$3,276 +13.4%$269,000 +11.2%
    2014$2,888 $242,000 +33%
    2013-- $182,000 +2.8%
    2012-- $177,000
    2011-- $177,000
    2010-- $177,000 -34.9%
    2009-- $272,000 -34.8%
    2008-- $417,000 -29.7%
    2007-- $593,200 +132.6%
    2006-- $255,000 +58%
    2005-- $161,360 +21.2%
    2003-- $133,171 +2%
    2002-- $130,560 +37.4%
    2001$1,105 +1.6%$95,026 +2%
    2000$1,087 $93,164

    Find assessor info on the county website

    Neighborhood: 92543

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $775,400
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    Estimated market value
    $775,400