1682 sqft | 3 beds | 1.75 baths | 0.21 acres | #SW24253238
Description
INVESTOR OPPORTUNITY WITH SUBSTANTIAL UPSIDE: 1916 Bungalow on Expansive Lots with Endless Potential!
SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential.
THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold.
BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home.
DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats. With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units.
CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties.
INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear.
EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value!
Property Details
- Utility FeaturesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
- InteriorBreakfastArea, LaminateCounters, AllBedroomsDown, JackAndJillBath
- Property SubtypeSingleFamilyResidence
- ViewNeighborhood, None
- Lot DescriptionLevel, StreetLevel
- School DistrictHemet Unified
- Sewer InformationPublicSewer
- BasementUnfinished
- MLS #SW24253238
- MLS #SW24253238
- CountyRiverside
- Property TypePurchase
- Original List Price$390,000
- Utility SourcePublic
- Cost410000
- Structure TypeHouse
- Bathrooms1.75
- Acres0.21
- Square Feet1682
- Year Built1916
- FoundationSlab
- Bedrooms3
- Full Baths1
- 3/4 Baths1
- Stories1
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Axel Zuniga (#SWZUNIAXE)
Listing Office: Century 21 Masters (#HM021)
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