Sold for $860,000

Listed by: Casa Blanca Realty • Lawrence Erickson • Contact: 949-929-7370

Bought with: FIRST TEAM REAL ESTATE

$860,000

44083 Palm Ave, Hemet, CA 92544

7beds

6baths

3,018sqft

Multi Family

Built in 1955

-- sqft lot

$868,700 Zestimate^®

$285/sqft

$2,009 Estimated rent

Home value

$868,700

$791,000 - $956,000

$2,009/mo

Zestimate^® history

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$2,009/mo

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$2,009/mo

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$5,548/mo

Est. payment

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$5,548/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 6

Rooms

Room types: Bedroom

Bedroom

Features: All Bedrooms Down

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Gas Oven, Gas Range
Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room

Features

All Bedrooms Down
Flooring: Laminate
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 3,018
Total interior livable area: 3,018 sqft

Property

Parking

Parking features: Driveway, Paved

Features

Levels: One
Stories: 1
Entry location: ground
Pool features: None
Has view: Yes
View description: None

Lot

Size: 0.54 Acres
Features: Back Yard, Level, Rectangular Lot

Details

Additional parcels included: 549130021
Parcel number: 549130020
Zoning: R-R
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1955

Utilities & green energy

Electric: 220 Volts
Sewer: Public Sewer, Sewer Tap Paid
Water: Public

Community & HOA

Community

Features: Rural

Location

Region: Hemet

Financial & listing details

Price per square foot: $285/sqft
Date on market: 11/10/2025
Cumulative days on market: 195 days
Listing terms: Cash,Cash to New Loan,Conventional,Owner Will Carry,Private Financing Available
Total actual rent: 4552
Tenant pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Water

Price history

Date	Event	Price
1/16/2026	Sold	$860,000-2.2%$285/sqft
Source: CRMLS #OC25257310 Report a problem
1/2/2026	Pending sale	$879,000$291/sqft
Source: CRMLS #OC25257310 Report a problem
11/25/2025	Contingent	$879,000$291/sqft
Source: CRMLS #OC25257310 Report a problem
11/10/2025	Listed for sale	$879,000$291/sqft
Source: CRMLS #OC25257310 Report a problem
11/9/2025	Listing removed	$879,000-2.2%$291/sqft
Source: SDMLS #OC25102486 Report a problem
6/23/2025	Listed for sale	$899,000+42.9%$298/sqft
Source: SDMLS #OC25102486 Report a problem
12/31/2020	Listing removed	--
Source: CRMLS Report a problem
8/25/2020	Listed for sale	$629,000$208/sqft
Source: Casa Blanca Realty #OC20174052 Report a problem
5/30/2020	Listing removed	$629,000$208/sqft
Source: Casa Blanca Realty #OC19148825 Report a problem
5/30/2020	Price change	$629,000+10.4%$208/sqft
Source: Casa Blanca Realty #OC19148825 Report a problem
12/12/2019	Pending sale	$570,000$189/sqft
Source: Casa Blanca Realty #OC19148825 Report a problem
8/6/2019	Price change	$570,000-4.8%$189/sqft
Source: Casa Blanca Realty #OC19148825 Report a problem
6/24/2019	Listed for sale	$599,000$198/sqft
Source: Casa Blanca Realty #OC19148825 Report a problem
2/5/2019	Listing removed	$1,275
Source: LCL Realty / Property Management Report a problem
1/5/2019	Listed for rent	$1,275
Source: LCL Realty #SW19002674 Report a problem