862 Oleander St - Apartments FOR SALE


Hemet, CA 92543- Outer San Jacinto
$525,000 USD
626-427-0786
862 Oleander St, Hemet, CA for Sale
$525,000 USD
Apartments - FOR SALE
1/5
null | 6.8% Cap Rate

862 Oleander St
Hemet, CA 92543
Outer San Jacinto


HIGHLIGHTS

  • CAP Rate 6.80% & GRM 10.17
  • Individually Metered for Gas & Electricity
  • Comprised of (2) 2-Bed/2-Bath Units
  • Pride of Ownership Asset!
  • Tenants Enjoy Onsite Garage & Open-Space Parking
  • Newer 1980's Single-Story Construction

OVERVIEW

Kristopher German and Deepen Shah of The Apartment Dealer 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. **This property is part of a 3-property portfolio sale. Other address: 1220 E. Campus Way, Hemet, Ca & 509 E. Central Avenue, Hemet, Ca. Properties can be sold individually or all together.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

2

PRICE/UNIT

$262,500

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duplex Hemet Priced to Sell!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

446-104-011

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.