Recently Viewed Properties
See This Home
Save This Listing
Close

$740,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds
  • Updated 8 days ago
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 1287 Olive Tree Ln

General

  • Sold For: $740,000
  • HOA FEE: $2,728
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26644685
  • Added to Site: 65 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: None

Parking

  • Garage Description: Controlled Entrance, Carport Detached

Location

  • Area: Sage-Southwest Hemet
  • County: Riverside
  • Driving Directions: Nof Johnston Ave, W of San Jacinto St

Heating & Cooling

  • Cooling Type: Air Conditioning, Central
  • Heating Type: Central

Utilities

  • Trash: 1268

Structural Information

  • # Buildings: 1
  • Stories/Levels: 2
  • Square Feet: 4,000
  • Sq. Ft. Source: Estimated
  • Year Built: 1965
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size: 8276
  • Lot Size Source: Vendor Enhanced
  • Zoning: R4

Financial Considerations

  • Price Per Sq. Ft.: $193.75
  • Maint. Fee: $2,728
  • Insurance Fee: $1,500
  • Assessment Year: 1965
  • Pays Electric: 380
  • Pays Trash: 1268

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 447-173-021

Listed and Sold by HxP Real Estate, Inc., Damien Melle

Listing agent

— 1287 Olive Tree Ln —

  • Damien Melle

    HxP Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1287 Olive Tree Ln

School District:Hemet Unified School District
NameGradesDistance
Hemet Elementary
633 East Kimball Avenue, Hemet, CA 92543
K-50.6 mi
Acacia Middle School
1200 E. Acacia Ave., Hemet, CA 92543
6-80.5 mi
West Valley High School
3401 Mustang Way, Hemet, CA 92545
9-123.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1287 Olive Tree Ln

Date
Details
Price
Change
Source
2/27/2026
Sold
$740,000
-4.52%
MLS
1/28/2026
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by HxP Real Estate, Inc., Damien Melle

Just Listed near 1287 Olive Tree Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

296 Quiet Ct, San Jacinto, CA 92582 - Photo 1 Just Listed
$550,000

296 Quiet Ct  San Jacinto, CA 92582

  • Single Family
  • Active
  • Updated 10 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,249
    Sq. Ft.
482 Baneberry Pl, San Jacinto, CA 92582 - Photo 1 Just Listed
$639,990

482 Baneberry Pl  San Jacinto, CA 92582

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 2,480
    Sq. Ft.
[Address not provided], San Jacinto, CA 92583 - Photo 1 Just Listed
$590,000

[Address not provided]  San Jacinto, CA 92583

  • Single Family
  • Active
  • Updated 1 day ago
  • 8
    Beds
  • 3
    Total Baths
  • 3,504
    Sq. Ft.
124 Lighthouse Ct, San Jacinto, CA 92583 - Photo 1 Just Listed
$480,000
Open House

124 Lighthouse Ct  San Jacinto, CA 92583

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,556
    Sq. Ft.

Price Reduced near 1287 Olive Tree Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

553 Chalakat Ct, San Jacinto, CA 92582 - Photo 1 Price Reduced
-$10,000 (-1.48%)
$665,000

553 Chalakat Ct  San Jacinto, CA 92582

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,860
    Sq. Ft.
1750 Carrera, San Jacinto, CA 92583 - Photo 1 Price Reduced
-$5,000 (-1.16%)
$425,000
Open House

1750 Carrera  San Jacinto, CA 92583

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,306
    Sq. Ft.
655 E Main, San Jacinto, CA 92583 - Photo 1 Price Reduced
-$35,000 (-30.43%)
$80,000

655 E Main  #83  San Jacinto, CA 92583

  • Mobile Home
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,440
    Sq. Ft.
690 Julian Ave, San Jacinto, CA 92582 - Photo 1 Price Reduced
-$15,100 (-2.93%)
$499,900

690 Julian Ave  San Jacinto, CA 92582

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,398
    Sq. Ft.

Recent Sales near 1287 Olive Tree Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

2154 Woodberry Ave, Hemet, CA 92544 - Photo 1 Sold
$750,000

2154 Woodberry Ave  Hemet, CA 92544

  • Multi-Family
  • Closed
41785 Vermont, Hemet, CA 92544 - Photo 1 Sold
$679,000

41785 Vermont  Hemet, CA 92544

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 2,157
    Sq. Ft.
3890 English, Hemet, CA 92544 - Photo 1 Sold
$850,000

3890 English  Hemet, CA 92544

  • Single Family
  • Closed
  • 6
    Beds
  • 4
    Total Baths
  • 4,950
    Sq. Ft.
43061 Partridge Ranch, Hemet, CA 92544 - Photo 1 Sold
$719,500

43061 Partridge Ranch  Hemet, CA 92544

  • Single Family
  • Closed
  • 5
    Beds
  • 3
    Total Baths
  • 3,225
    Sq. Ft.

1287 Olive Tree Ln, Hemet, CA 92543 (MLS# 26644685) is a Multi-Family property that was sold at $740,000 on February 27, 2026. Want to learn more about 1287 Olive Tree Ln? Do you have questions about finding other Multi-Family real estate for sale in Hemet? You can browse all Hemet real estate or contact a Coldwell Banker agent to request more information.