44083 Palm Avenue Hemet, CA $ 879,000
44083 Palm Avenue
$ 879,000
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44083 Palm Avenue

Hemet, CA, 92544
$ 879,000
Baths2.0 Sq 3,018

Monthly Estimate*

$ 5,484

Listed by Casa Blanca Realty
44083 Palm Avenue, Hemet, CA 92544 - Image 1
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Studio

Multi-Family Home for sale in Hemet, CA

for $879,000 with 2 full baths. This 3,018 square foot home was built in 1955 on a lot size of 0.54.

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.

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Multi-Family Contingent

Price

$ 879,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.54

Year Built

1955

Town/City

Hemet

County/Region

Riverside

MLS | Web ID

OC25257310

Days on Market

33

Features
General
Sewer Public Sewer Sewer Tap Paid
Heating Forced Air Natural Gas
Cooling Central Air
Appliances Gas Oven Gas Range
Zoning R-R
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1955
Electric 220 Volts
Tenant Pays All Utilities Cable TV Electricity Gas Sewer Water
View None
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 54624
Community Features Rural
Additional Parcels Description 549130021
County Riverside
Net Operating Income 46824
Operating Expense 7800
Insurance Expense 2880
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active Under Contract
Directions Fairview Ave to Palm Ave
City Hemet
Entry Location ground
Senior Community Y/N false
Number Of Units Total 3
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 23522
Number of Units Leased 3
Listing Terms Cash Cash to New Loan Conventional Owner Will Carry Private Financing Available
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 1920
Water Sewer Expense 0
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 4552
Property Sub Type Additional Single Family Residence
Taxes 3000
Cap Rate 5.21
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Interior
Interior Amenities All Bedrooms Down
Flooring Laminate
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup Gas Dryer Hookup Inside Laundry Room
Entry Level 1
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Exterior
Parking Features Driveway Paved
Lot Features Back Yard Level Rectangular Lot
Water Source Public
Total Parking 0
Lot Size Area 23522
Number of Buildings 3
Building Area Total 3018
Lot Size Acres 0.54
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Casa Blanca Realty

Broker

lawrence@casablancapm.com

Email

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Monthly Principal & Interest
$5,484
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Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$879,000 Listed Price

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44083 Palm Avenue, Hemet, CA, 92544 is a Multi-Family Home for sale at $879,000 with 3,018 sqft and a lot size of 0.54. 44083 Palm Avenue is a studio with 2.0 baths and was built in 1955. The property's zip code is 92544 which is in Hemet, CA