$5,029 Closing Credit¹
#IV25014233, MARITZA GUTIERREZ, Listing Office: REALTY ONE GROUP WEST - CORONA
#SW24253238·
Listing Office: Century 21 Masters·
Listing Agent: Axel Zuniga·
Listing Office Phone: 8582144673
$410,000 List price
527 E Central Ave Hemet, CA 92543
$4,869
Closing credit¹
3 beds
2 full
1,682 sqft
0.2 acres
$244 / sqft
House
Property details
About 527 E Central Ave
R-3 ZONED HEMET PROPERTY (+BONUS PARCEL) IDEAL FOR MULTIPLE-FAMILY RESIDENTIAL DEVELOPMENT WITH SUBSTANTIAL UPSIDE: 1916 Bungalow on Expansive Lots with Endless Potential! SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential. THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold. BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home. DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats. With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units. CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties. INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear. EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value!
Highlights
Home typeSingle Family Residence
StatusActive
CoolingWall/Window Unit(s)
Size1,682 sqft
BasementYes
Lot size0.21 Acres
Year built1916
ParkingDoor-Single, Driveway, Garage, Gravel, RV Potential, Unpaved
MLS #SW24253238
ViewNeighborhood
Summary
- MLS Number: SW24253238
- MLS Name: CRMLS
- Office Name: Century 21 Masters
- Office Phone: (858) 214-4673
- Listing Agent: Axel Zuniga
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$410,000
527 E Central Ave
$4,869
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $107,681 | $1,223 |
| 2023 | $105,570 | $1,209 |
| 2022 | $103,501 | $1,185 |
| 2021 | $101,473 | $1,165 |
| 2020 | $100,433 | $1,163 |
| 2018 | $96,535 | $1,104 |
| 2017 | $94,643 | $1,081 |
History based on county public records data.
Nearby schools
3
Hemet Elementary School
Public District KG-5
0.3 mi
•633 E Kimball Ave
3
Whittier Elementary School
Public District KG-5
0.6 mi
•400 W Whittier Ave
3
Winchester Elementary School
Public District KG-5
0.9 mi
•26866 San Jacinto St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,200. The majority of Hemet, CA residents have income less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
45%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
27%
Single, with Kids
13%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
25%
18-34 yrs old
33%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Mexican League Soccer
Where do the neighbors shop?
Burlington
Big Lots
Family Dollar
Where do the neighbors go to eat?
Popeyes
Golden Corral
Church's Chicken
What do the neighbors drive?
Dodge
Kia
Chevrolet
What do the neighbors listen to?
Urban Contemporary
Adult Standards- Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 527 E Central Ave
This home is located at 527 E Central Ave in Hemet, CA and zip code 92543. This 1,682 square foot home, which was built in 1916, sits on a 0.21 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 9, 2025 and is currently priced at $410,000.
In February 2025, from all listings sold in Hemet, CA there were more than 24 sold above asking price, over 25 sold below and more than 22 were sold right at the asked price. In February 2025 in Hemet, CA there were 3.3% more homes for sale than in January. Listings spent 61 days on the market in February 2025, and had a median list price of $451,384 during the same period.
From Rocket Homes Real Estate and based on county public records data.