381 Carmel Way, Hemet, CA 92545 – SW25238060 - Sean Beattie

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Sean Beattie

sean@brivio.com +1(415) 716-7190

$575,000

Est. payment - /mo

4 Beds

7,405 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25238060

Bedrooms 4

Lot Size 7,405 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to 381 Carmel Way, Hemet, CA 92545. A fantastic turnkey investment opportunity with excellent cash flow, long-term stability, and room for growth! Perfect for investors looking to close before year-end or complete a 1031 exchange, this well-maintained duplex delivers a solid 8% gross CAP rate with upside potential to easily reach 10%+ through rent adjustments in future or by converting one of the garages into a ADU for additional rental income. Each spacious unit offers 2 bedrooms, 2 full baths, an indoor laundry room, and a private balcony. Both come with a 2-car attached garage, while the downstairs unit enjoys direct garage access for added convenience. The upstairs tenant is a Section 8 renter, providing reliable government-backed income through June 2026, and the downstairs tenant is on a month-to-month, offering flexibility for future rent increases or owner occupancy. The property sits on a large lot with zero-scape landscaping, designed for low-maintenance upkeep and reduced costs, while maintaining a clean and attractive appearance year-round. A fully secured private gated entrance with remote access ensures privacy and peace of mind for tenants. Additional highlights include a newer roof replaced within the last 78 years, separate gas and electric meters for each unit to minimize expenses, and long-term anchor tenants with great payment history making this a truly a great investment. Located in a well-established West Hemet neighborhood, the property is behind the Lowe's shopping center and near the brand new warehouse, close to schools, shopping, restaura

Location

State CA

County Riverside

Zoning Assessor

Direction From Sanderson Ave, Right on W Acacia Ave, Right on S Kirby St, LEft on Walter way, Left on Carmel Way.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 456151002

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Listed by Josephine Sharma LEGACY HOMES REALTY

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

381 Carmel Way Hemet, CA 92545

Sean Beattie

Key Details

Location

Interior

Exterior

Building

Others

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