1287 Olive Tree Lane, Hemet, CA 92543
- $740,000
- 8
- BD
- 4
- BA
- 4,000
- SqFt
- Sold Price
- $740,000
- List Price
- $775,000
- Closing Date
- Feb 27, 2026
- Status
- CLOSED
- MLS#
- 26644685
- Year Built
- 1965
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 4,000
- Lot Size
- 8,276
- Acres
- 0.19
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Turnkey 4-Plex Investment Opportunity Hemet, CA ! Excellent opportunity to acquire a well-maintained 4-unit income property in Hemet, California, offering an approximate 6% cap rate. This property has seen major recent capital improvements, including a new roof and new A/C units, significantly reducing future maintenance costs and enhancing long-term value. The 4-plex features carport parking, providing added convenience and appeal for tenants. Units are well laid out and positioned to attract consistent rental demand in a growing Inland Empire market. Ideal for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset. Strong fundamentals, solid cash flow, and major upgrades already completed make this a compelling, low-maintenance investment.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Damien Melle (hello@modernreshop.com;dene@modernreshop.com;) from Listing Office: HxP Real Estate, Inc..
Listing sold by Damien Melle from HxP Real Estate, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.