CA > Hemet
Hemet, CA 92545,381 Carmel Way
Hemet, CA 92545,381 Carmel Way
Hemet, CA 92545,381 Carmel Way
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$575,000
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4 Beds
2,208 SqFt
Active

381 Carmel Way Hemet, CA 92545

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,208 sqft

Price per Sqft $260

MLS Listing ID CRSW25238060

Bedrooms 4

HOA Y/N No

Year Built 1980

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

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

Location

State CA

County Riverside

Interior

Heating Central

Fireplace No

Laundry Laundry Room, Inside

Exterior

Exterior Feature Front Yard, Other

View Y/N true

View Mountain(s)

Total Parking Spaces 4

Building

Lot Description Front Yard

New Construction No

Others

Tax ID 456151002

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Josephine Sharma • LEGACY HOMES REALTY

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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381 Carmel Way

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