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$860,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 2 hours ago
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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.

Full Property Details for 44083 Palm Ave

General

  • Sold For: $860,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25257310
  • Added to Site: 67 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down
  • Fireplace(s): Living Room
  • Appliances: Gas Oven, Gas Range
  • Flooring: Laminate

Rooms

Other Rooms

  • Laundry: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Combination Driveway, Paved
  • Parking: Combination Driveway, Paved

Location

  • Area: SRCAR - Southwest Riverside County
  • County: Riverside
  • Development Name: SRCAR - Southwest Riverside County
  • Driving Directions: Fairview Ave to Palm Ave

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer, Sewer Paid
  • Water: Public
  • # Water Meters: 3
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Entry Location: ground
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 3,018
  • Year Built: 1955

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.54
  • Lot Size Source: Assessor
  • Zoning: R-R
  • Lot Description: Back Yard, Rectangular Lot, Level

Financial Considerations

  • Price Per Sq. Ft.: $284.96
  • Price Per Unit: 293000

Listed by Casa Blanca Realty, Lawrence Erickson
Sold by First Team Real Estate, Darlene Parker

Listing agent

— 44083 Palm Ave —

  • Lawrence Erickson

    Casa Blanca Realty

949-929-7370

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 44083 Palm Ave

School District:Hemet Unified School District
NameGradesDistance
Valle Vista Elementary School, Hemet, CA
43900 Mayberry Avenue, Hemet, CA 92544
K-50.7 mi
Dartmouth Middle School
41535 Mayberry Avenue, Hemet, CA 92544
6-82.7 mi
Hemet High School
41701 Stetson Avenue, Hemet, CA 92544
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 44083 Palm Ave

Date
Details
Price
Change
Source
1/16/2026
Sold
$860,000
-2.16%
MLS
11/10/2025
Listed
$879,000
—
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 by Casa Blanca Realty, Lawrence Erickson
Sold by First Team Real Estate, Darlene Parker

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44083 Palm Avenue, Hemet, CA 92544 (MLS# OC25257310) is a Multi-Family property that was sold at $860,000 on January 16, 2026. Want to learn more about 44083 Palm Avenue? 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.