Millman Team Real Estate

$879,000
0.54 Acre Lot

44083 Palm Avenue, Hemet, California 92544

  • Residential Income Property Type
  • Driveway Cars Garage
  • 1955 Year Built
Property Description

Investors: 5.21 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots–over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cash flow***. Seller financing possible.

Basic Details
Residential Income
For Sale
OC25257310
$879,000
None
1955
0.54 Acre
Active
Single Family Residence
Features
: None
: Forced Air, Natural Gas
: Central Air
: Living Room
: Driveway, Paved
: Laminate
: All Bedrooms Down
: Inside, Washer Hookup, Gas Dryer Hookup, Laundry Room
: Public Sewer, Sewer Tap Paid
$0
Appliances
: Gas Oven, Gas Range
Address Map
CA
Riverside
Hemet
92544
Palm
44083
Avenue
Fairview Ave to Palm Ave
SRCAR - Southwest Riverside County
R-R
Additional Information
$0
$0
$0
$0
$0
3018
: Rural
220 Volts
1
: One
: Back Yard, Rectangular Lot, Level
3
2025-11-10
1
1
: Public
Broker/Agent Information
Casa Blanca Realty
Lawrence Erickson
Listing Information
SERICLAW
S347
Cash,Cash to New Loan,Conventional,Owner Will Carry,Private Financing Available
Active
2025-11-11T14:20:26Z
CRMLS
: Standard
2025-11-10T07:13:51Z
Agent info
Ray Millman
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