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#NDP2503170, Dale Thorsell, Listing office: HomeSmart Realty West
#CV25148384·
Listing office: RE/MAX 2000 REALTY·
Listing agent: Kristopher German·
Listing office phone: 909-645-0443
$525,000 List price
862 Oleander St Hemet, CA 92543
0.2 acres
Multi-Family
Property details
About 862 Oleander St
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 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 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)
Highlights
Home typeDuplex
HeatingCentral
StatusSale Pending
(Pending)
(Pending)
CoolingCentral Air
Lot size0.21 Acres
Year built1984
ParkingGarage
MLS #CV25148384
Garage2 spaces
Summary
- Interior: All Bedrooms Down
- Fireplace: None
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Garage
- Heating: Central
- Cooling: Central Air
- List Price: $525,000
- HOA Amount: $0
- Annual Tax Amount: $3,858
- Tax Year: 2024
- Directions: Just South of Mayberry Ave and East of Palm Ave
- Year Built: 1984
- Stories: 1
- Lot Size: 0.21 Acres
- MLS Number: CV25148384
- MLS Name: CRMLS
- Office Name: RE/MAX 2000 REALTY
- Office Phone: (909) 645-0443
- Listing Agent: Kristopher German
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: 7/24/2025, 2:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 30, 2019 | Home Sold | $640,000 |
| Jun 26, 2015 | Home Sold | $177,000 |
| Nov 02, 2000 | Home Sold | $117,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $325,945 | $3,858 |
| 2023 | $319,555 | $3,813 |
| 2022 | $313,290 | $3,741 |
| 2021 | $307,148 | $3,681 |
| 2020 | $304,000 | $3,643 |
| 2018 | $186,875 | $2,282 |
| 2017 | $183,212 | $2,241 |
History based on county public records data.
Nearby schools
3
Whittier Elementary School
Public District KG-5
0.3 mi
•400 W Whittier Ave
3
Hemet Elementary School
Public District KG-5
0.9 mi
•633 E Kimball Ave
3
McSweeny Elementary School
Public District KG-5
1.3 mi
•451 W Chambers Ave
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 $29,417. Typical income of Hemet, CA residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
39%
35k-100k
2%
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?
53%
Single, No Kids
12%
Single, with Kids
22%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
17%
18-34 yrs old
35%
35-64 yrs old
26%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Family Dollar
Big Lots
Chico's
Where do the neighbors go to eat?
White Castle
Golden Corral
Bob Evans
What do the neighbors drive?
Chevrolet
Kia
Oldsmobile
What do the neighbors listen to?
Rock
Adult Standards
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 862 Oleander St
The listing price of 862 Oleander St property is $525,000.
The property 862 Oleander St is a multi located in Hemet, California, 92543.
Sale Pending: 862 Oleander St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 862 Oleander St are: Whittier Elementary School (GreatSchools Rating 3/10), Hemet Elementary School (GreatSchools Rating 3/10), McSweeny Elementary School (GreatSchools Rating 3/10), Acacia Middle School (GreatSchools Rating 3/10), Diamond Valley Middle School (GreatSchools Rating 3/10), Dartmouth Middle School (GreatSchools Rating 2/10), Alessandro High School (GreatSchools Rating 2/10), West Valley High School (GreatSchools Rating 5/10), Western Center Academy (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $3,858 (source: MLS/based on county public records data).
The last sale was on December 30, 2019 for $640,000 (source: MLS/tax record).
The year of construction for 862 Oleander St is 1984.
This home is located at 862 Oleander St in Hemet, CA and zip code 92543. Features: 0 bathroom. It has been listed on Rocket Homes since July 2, 2025 and is currently priced at $525,000.
While more than 43 listings in Hemet, CA in June 2025 were sold above asking price, there were more than 28 listings sold at asking price, and more than 31 were sold below. The inventory of homes for sale in Hemet, CA between May and June 2025 decreased by 8.3%. In June 2025 median list price was $455,000 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.