Listed by 8582144673 - Axel Zuniga - DRE #02011505 - Century 21 Masters 888-862-1194
For Sale

527 Central Avenue Hemet, CA 92543

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Single Family Residence
3 Beds
2 Baths
1,682 Sq. Ft.
0.21 Acre Lot

Property Activity

Time on Site
24 days
Days on Market
Views
4
Saves
0
Last updated on 2/13/2025 6:35 AM
R-3 ZONED HEMET PROPERTY (+BONUS PARCEL) IDEAL FOR MULTIPLE-FAMILY RESIDENTIAL DEVELOPMENT WITH SUBSTANTIAL UPSIDE: 1916 Bungalow on Expansive Lots with Endless Potential! SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situ...ated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential. THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold. BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home. DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats. With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units. CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties. INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear. EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value! Continue reading
MLS#
SW24253238
Property Type
Single Family
Status
Bedrooms
3
Bathrooms
1 Full/1 Three-Qtr
Year Built
1916
Square Feet
1,682 sq. ft
Lot Size
0.21
Stories
1.0
Sewer
Public Sewer

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Tax History for 527 E Central Ave

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Year Property Taxes Change Tax Assessment Change
2024$1,223
+1.16%
+1.16%$107,681
+2%
+2%
2023$1,209
+2.03%
+2.03%$105,570
+2%
+2%
2022$1,185
+1.72%
+1.72%$103,501
+2%
+2%
2021$1,165
+0.17%
+0.17%$101,473
+1.04%
+1.04%
2020$1,163
+2.2%
+2.2%$100,433
+2%
+2%
2019$1,138
+3.08%
+3.08%$98,465
+2%
+2%
2018$1,104
-75.35%
-75.35%$96,535
+2%
+2%
2017$4,479
$94,643
No records available.
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Data sourced from public records, where available.

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Rental Valuation Estimate for 527 E Central Ave

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The Xome Value displayed in connection with a property is computer-generated by the application of various proprietary mathematical formulas and techniques using currently available local market, licensed and proprietary data. The displayed Xome Value is not prepared or provided by a licensed appraiser, does not constitute an appraisal of the subject property, and should not be relied upon as such. Data used to generate the Xome Value does not include information that could be derived from a visible inspection of the subject property and its surroundings. The condition of a property can materially affect the accuracy of a property's Xome Value. The data, and information derived from such data, in a Xome Value is provided on an "AS AVAILABLE" and "AS IS" basis and is provided for informational purposes only. Although we have attempted to provide reliable data and use reliable methodologies in providing a property's Xome Value, Xome Inc., its affiliates and their respective members, directors, officers and employees make no representations or warranties regarding the accuracy of a property's Xome Value on any specific date and expressly disclaim the obligation to update such value. All uses of the Xome Value are at the user's sole risk, and shall be for personal, non-commercial use and for no other purpose. Xome Inc., its affiliates and their respective members, directors, officers and employees are not liable for the accuracy of a property's Xome Value or any information related thereto. Your use of Xome Value must in all cases comply with all applicable laws and regulations.

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Comparable Home Sales for 527 E Central Ave

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Comparable nearby sales are a major factor used by the Xome Value® to estimate the value of a home.

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# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
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# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
Empty Column Median Label List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
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The Comparable Home Sales chart is produced by analyzing a data set that contains the last 5 years of property sales within 3 miles of the subject property. Each property in this data set is analyzed on multiple factors such as square footage, bedrooms, bathrooms, lot size and more to arrive at a 'Relevance Score.' Comparable properties are then ordered from most similar to least similar for comparison purposes.

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Nearby Schools for 527 E Central Ave

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Public Schools

Rating School Name Grades Distance
Acacia Middle School 6-8 0.49 mi
Whittier Elementary School K-5 0.62 mi
West Valley High School 9-12 2.90 mi
No records found.

Private Schools

Rating School Name Grades Distance
Baptist Christian School K-12 0.66 mi
Crosspoint Academy K-8 0.80 mi
Calvary Chapel Academy K-1 2.37 mi
Macgvyer Academy 7 4.21 mi
No records found.
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Data provided by GreatSchools.org © 2025. All rights reserved.

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®

Area Statistics

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People

Zip City County National
Population 37,825 88,903 2.41M 329.73M
Population Density 2,145 3,037 334 93
People per Household 2.9 2.9 3.2 2.6
Median Age 38.7 38.6 36.0 38.4
Median Household Income $41,826 $46,194 $76,066 $69,021
Average Income $21,274 $23,123 $32,079 $37,638

Economy

Zip City County National
Unemployment 4.10 % 5.80 % 4.10 % 3.20 %
Recent Job Growth -0.81 % -0.81 % -0.81 % 1.40 %
Future Job Growth 41.13 % 38.58 % 41.13 % 42.20 %
Sales Tax 8.75 % 8.75 % 8.75 % 7.02 %
Income Tax 9.30 % 9.30 % 9.30 % 22.00 %
Cost of Living Index 105 114 143 100

Environment

Zip City County National
Altitude 1586 1594 1849 2443
Rainfall (inches annually) 11.8 11.9 10.9 38.1
Snowfall (inches annually) 0.0 0.0 1.0 27.8
January Avg. Low Temp 37.0 37.0 40.2 21.7
July Avg. High Temp 98.5 98.5 98.7 85.8
Days of Precipitation Annually 32 32 28 106
Days Mostly Sunny Annually 266 271 272 205
Comfort Index (during hot weather) 8 8 8 7
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Source: Sperling's Best Places

Median Sales Price/Sq.Ft. in 92543

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The median price represents a midpoint for property values in the market — half of the properties sold for a higher price and half sold for lower. The median value (as opposed to average) is used so that extreme sales prices, both high and low, don't skew the interpretation of where property values in a market are heading.

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Months of Supply in 92543

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This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.

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Source: Xome Licensing (Xome CT LLC via, in part, its MLS licenses). Data through 2/1/2025.

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Listed by 8582144673 - Axel Zuniga - DRE #02011505 - Century 21 Masters 888-862-1194
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. 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.
This content last refreshed on 2/13/2025 6:35 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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