862 Oleander Street

Hemet, CA 92543

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,258 Sqft
  • 9147
    Sqft(Lot)
$525,000

Description

We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-bed/2-bath single-story units—ideal for both seasoned investors and first time buyers. built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out.



each unit is equipped with its own private 2-car garage, plus ample on-site parking—a rare find that enhances tenant satisfaction and retention. interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance.



the property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. strong financials with a grm of 10.17 and a current cap rate of 6.69% make this a compelling investment from day one. one of, if not the only, duplex on the market with positive cash-flow.



don’t miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market.

  • Property Type

    Residential Income
  • County

    Riverside
  • Style

    Residential Income
  • AD ID

    50327382

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: All Bedrooms Down
    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0
  • Building Information

    • Year Built: 1984
    • Building Area Total: 2,258
    • Construction: Copper Plumbing
    • Roof: Shingle

    Foundation

    • Slab

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Wood
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.21
    • Lot Size Dimensions: 011
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9147
  • Listing Price Information

    • Original List Price: 525,000
    • Listing Contract Date: 2025-07-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 446104011
  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: SRCAR - Southwest Riverside County
    • Postal Code Plus 4: 5876
    • Directions: Just South of Mayberry Ave and East of Palm Ave
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: SRCAR - Southwest Riverside County
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 41
    • Common Walls: 2+ Common Walls
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/04/2025 @ 05:00

  • MLS: CV25148384
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 2,258 sqft, 9,147 sized lot, and 2 parking. are nearby neighborhoods.