527 E Central Avenue Active Save Request In-Person Tour Request Virtual Tour
Hemet,CA 92543
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,682 sqft
Price per Sqft $243
MLS Listing ID CRSW24253238
Bedrooms 3
Full Baths 1
Year Built 1916
Lot Size 9,148 Sqft
Property Description
R-3 ZONED HEMET PROPERTY (+BONUS PARCEL) IDEAL FOR MULTIPLE-FAMILY RESIDENTIAL DEVELOPMENT 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 dev
Location
State CA
County Riverside
Interior
Heating None
Cooling Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplaces Type None
Laundry Gas Dryer Hookup,Other,Inside
Exterior
Pool None
View Other,None
Building
Lot Description Level,Other,Street Light(s)
Story 1
Foundation Slab
Water Public
Schools
School District Hemet Unified