CA > Hemet
Hemet, CA 92545,381 Carmel WAY
Hemet, CA 92545,381 Carmel WAY
Hemet, CA 92545,381 Carmel WAY
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Josephine Sharma • LEGACY HOMES REALTY
$575,000
Est. payment /mo
7,405 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSW25238060

Year Built 1980

Lot Size 7,405 Sqft

Property Sub-Type Duplex

Source California Regional MLS

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 7-8 years, separate gas and electric meters for ea

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Heating Central Forced Air

Laundry In Laundry Room, Other

Exterior

Parking Features Garage, Other

Garage Spaces 4.0

Pool 31, None

View Hills

Building

Water District - Public

Others

Tax ID 456151002

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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381 Carmel WAY

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