862 Oleander Street

Off Market

862 Oleander Street

Hemet CA 92543

9147 sq. ft.

Multi-Family

Last sold for $555,000

Kristopher German, last sold this property on 26 September 2025 after 80 days on market.

Overview

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 unitsideal 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 parkinga 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. Dont miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)

Features

4 bedrooms

4 bathrooms

9147 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Hemet over the last 12 months, the estimated median property value of 862 Oleander Street is $555k.

Median value

$555k

Estimated value range

$367k - $1.19m

Median days on market

Estimated value trend

14%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Hemet. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 862 Oleander Street

2025

Sold

$555,000

26 Sep 2025 by Kristopher German, of RE/MAX 2000 REALTY

2019

Sold

$299,000

11 Dec 2019 by Manuel Marquez, of Liberty Realty Masters

Happy sellers in Hemet

91%

91% of sellers in Hemet reported that their sale price either exceeded or met their price expectations.

Hemet stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Hemet over the last 12 months.

Local market activity for 4 bedroom multi families in Hemet

In the last 12 months, 6 four-bedroom multi families similar to 862 Oleander Street, have been sold.

This represents a 15% increase in four-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Hemet for a market analysis.

Michelle Bassett

at Bassett & Associates, REALTORS

(81 reviews)

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Karla Coria

at Honest Realty Group

4.8

(9 reviews)

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Sabrina Chapman

at Liberty Real Estate

(66 reviews)

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Man Eaglin

at eXp Realty of Southern California, Inc.

(11 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hemet

Michelle Bassett

Sellers who recommend Michelle Bassett have praised them for being local expert, responsive, reliable, well-prepared, supportive, clear communication, and friendly