509 E Central Ave, Hemet, CA 92543
SOLD
SEP 26, 2025
Listed by Kristopher German, RE/MAX 2000 REALTY, (626) 956-0188 . Bought with RE/MAX 2000 REALTY

509 E Central Ave
Hemet, CA 92543

  • 20 Beds
  • 16 Baths
  • 8,643 sqft (on 0.37 acres)

$1,750,000

Last Sold: Sep 26, 2025
1% over list $1.73M
$202/sqft
Est. Refi. Payment $10,483/mo*
Refinance Your Home

$1,750,000

Last Sold: Sep 26, 2025
1% over list $1.73M
$202/sqft
Est. Refi. Payment $10,483/mo*
Refinance Your Home
20 Beds
16 Baths
8,643 sqft
(on 0.37 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

1990's construction priced at a Current 8.29 GRM and 8% CAP Rate!!! We are pleased to exclusively present this well-maintained 8-unit multifamily asset, perfectly positioned to generate immediate cash-flow and long-term value. Built in the 1990s and offered well below replacement cost at just $199 per square foot, this property presents a rare blend of newer construction, strong tenant appeal, and robust financial performance. Boasting an excellent unit mix of (4) spacious 3-Bed/2-Bath units and (4) well-designed 2-Bed/2-Bath units, this building attracts a stable tenant base seeking comfort and convenience. Each residence comes with private balconies or patios, central A/C and heat, and its own private 2-car garage—a luxury not often found in multi-family assets. Investors will appreciate the recent capital improvements: 7 of the 8 units have been tastefully remodeled, featuring new dual-pane windows, fresh paint, modern flooring, and updated kitchens. The property offers private gated entry, ample onsite parking, and is set up to minimize deferred maintenance concerns. Financial highlights include a Current GRM of 8.29 and a Cap Rate of 8.05%, making this a compelling addition to any portfolio. With solid in-place income and continued rental upside, this asset offers both immediate returns and future growth potential. Don't miss the opportunity to acquire a low-maintenance, high-yield property in a desirable rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and Duplex units property see MLS#CV25148384)
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 26, 2025

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
$202/sqft
Listed
180+ days ago

Home Details for 509 E Central Ave

Interior Features

Beds & Baths
Number of Bedrooms: 20Number of Bathrooms: 16
Appliances & Utilities
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water AvailableLaundry: None
Heating & Cooling
Heating: NoneHas CoolingAir Conditioning: Central AirNo Heating
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1
View
No ViewView: None
Security
Security: Security Gate

Exterior Features

Exterior Home Features
Roof: ShingleFencing: Block, Wrought IronNo Private Pool
Parking & Garage
Number of Garage Spaces: 16Number of Covered Spaces: 16Open Parking Spaces: 4Has a GarageNo Attached GarageParking Spaces: 20Parking: Garage
Pool
Pool: None
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 16

Property Information

Year Built
Year Built: 1991
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 446091031

Price & Status

Price
List Price: $1,725,000Price Per Sqft: $202/sqft
Status Change & Dates
Off Market Date: Wed Jul 23 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Hemet

Building

Building Area
Building Area: 8643 Square Feet

Community

Community Features: Hiking, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.37 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: CV25151759Living Area Range Units: Square FeetAttribution Contact: 909-645-0443Common Interest: Community ApartmentUniversal Property Id: US-06065-N-446091031-R-N

Additional Information

HikingSidewalks
Last check for updates: about 21 hours ago
Listed by Kristopher German DRE #01800021, (909) 645-0443
RE/MAX 2000 REALTY
Bought with: Kristopher German DRE #01800021, (626) 427-0786, RE/MAX 2000 REALTY
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV25151759

Price History for 509 E Central Ave

DatePriceEventSource
04/18/2026$2,100ListingRemovedZillow Rentals
03/27/2026$2,100PriceChange
Zillow Rentals
02/25/2026$2,200Listed For RentZillow Rentals
09/26/2025$1,750,000Sold
CRMLS #CV25151759
07/23/2025$1,725,000PendingCRMLS #CV25151759
07/07/2025$1,725,000Listed For SaleCRMLS #CV25151759
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Comparable Sales for 509 E Central Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
791 W Mayberry Ave, Hemet, CA
0.71
Multi-Family Home
$1,800,000
09/25/25
16
14
8,700
233 N Inez St, Hemet, CA
0.68
Multi-Family Home
$1,190,000
07/28/25
8
8
5,200
928 Monarch St, Hemet, CA
0.66
Multi-Family Home
$775,000
06/05/25
8
8
4,026
1287 Olive Tree Ln, Hemet, CA
0.55
Multi-Family Home
$740,000
02/27/26
8
4
4,000
229 S Buena Vista St, Hemet, CA
0.22
Multi-Family Home
$575,000
11/14/25
6
3
2,464
229 S Carmalita St, Hemet, CA
0.26
Multi-Family Home
$575,000
03/19/26
4
4
2,080
873 Douglas Ct, Hemet, CA
0.58
Multi-Family Home
$514,000
11/20/25
4
4
2,228
284 N Elk St, Hemet, CA
1.18
Multi-Family Home
$753,500
06/25/25
8
8
3,813
26364 San Jacinto St, Hemet, CA
0.58
Multi-Family Home
$730,000
07/23/25
5
4
-

Assigned Schools

These are the assigned schools for 509 E Central Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Hemet

At least 946 Trulia users voted on each feature.

  • 85 % Say car is needed

  • 81 % Say parking is easy

  • 77 % Say yards are well-kept

  • 76 % Say there are sidewalks

  • 74 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 53 % Say it's quiet

  • 52 % Say kids play outside

  • 51 % Say it's walkable to grocery stores

  • 48 % Say neighbors are friendly

  • 46 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

  • 42 % Say it's walkable to restaurants

  • 35 % Say people would walk alone at night

  • 29 % Say there's wildlife

  • 18 % Say there are community events

Learn more about our methodology.
  • Hrkrd9yvqk
    "Christmas Halloween and birthday parties Flee markets,school events are fun,we like the community parks even for 4th of July "
    1
    Flag
  • Pj Oesterblad
    "They would like the park down the street .they wouldn’t like how close it is to Florida a lot of accidents happen in my area."
    0
    Flag
  • Roni
    "Everyone minds their own business. Kids do play together in the neighborhood. Outside the gates community cars do get broken into. Hemet has a homeless problem and drug addiction problem. The city is out growing its small city infrastructure. Making traffic horrific. Enormous warehouses being built inside the city, will create local jobs! Overall, one of last affordable housing markets. With large homes ranging in the 500k "
    1
    Flag
  • Ricardo Herrera
    "It’s a quiet neighborhood and our neighbors always look out for each other. They all have cameras and device each other when there’s something suspicious going on."
    0
    Flag
  • Trulia User
    "This neighborhood is trash and drug infested it is horrible and I don’t like it here and I will be moving far away from here "
    1
    Flag
  • Richard D. Stier
    "We live in Seven Hills and appreciate the pride in the community and the friendliness of neighbors. "
    9
    Flag
  • Trulia User
    "A very nice neighborhood everyone are very friendly and we take care of our community by checking out of our neighbors "
    2
    Flag
  • M. H. M.
    "They will not like all the stray dogs that roam the area. It makes it uncomfortable to walk your dog because your worried about a stray attacking yours."
    0
    Flag
  • Libet R.
    "not family orders 😕 but a good place to new starts and saving money but nothing is nice you have to travel far to actually do or get things, very nice house, new areas growing but seems like best is in the hill area or valley Vista areas "
    2
    Flag
  • Nikkidarling88.nh
    "i love it here. i have live here almost my whole life. it has changed a lot but so has every where else. i just wish homes were cheaper to rent in our area."
    0
    Flag
  • Chelsea R.
    "A lot of Fast cars come down the street. Some of the neighbors are loud. Other than that it’s pretty much it"
    1
    Flag
  • Trulia User
    "Dogs and cats walk the neighborhood with their owners visiting with other dog owners walking. I saw 7 within 1 block today."
    0
    Flag
  • Stephanie V.
    "Neighborhoods are generally quiet year round and people keep to themselves. It’s nice although summers can be quite hot. "
    2
    Flag
  • Shay T
    "no community events which is very sad. This neighbor hood has gone down so much in the last year. we don't have our clubhouse anymore either"
    0
    Flag
  • Lindseyrury
    "There are constantly dogs running or walking without leashes. Makes other dogs or pedestrians vulnerable to an attack from an aggressive dog."
    0
    Flag
  • M
    "Not unique. The neighborhood Is kind of nerve wrecking. Too many homeless people roaming around. people hanging out in Empty parking lot of an established business every day. Basically the neighborhood Doesn’t feel safe"
    0
    Flag
  • Amber D.
    "All of the senior citizens that live nearby in the multiple facilities to take care of them are all local near they also have provided 2 to 3 fire stations in my area which I think is great."
    0
    Flag
  • Hirosetsuna
    "Back yards of most of the apartments are small, and not all apartments have adequate fences. But it is dog friendly many different dogs area is safe to walk your dogs as well."
    0
    Flag
  • Bruce R.
    " I've lived in this neighborhood for 8yrs. friends with neighbors & their dogs. so far so good. They need an olive garden out here. lot's of people don't want to drive all the way to Temecula just to get a good cheap meal (when they have their special's)"
    0
    Flag
  • Stephanie V.
    "Generally a calm and quiet area. You don’t see many young kids out aside from those who walk to and from school. Normally elderly are out walking their pets. "
    0
    Flag
  • Elizabethirving9312
    "Theirs stray dogs so I don’t think they would like walking their dogs and theirs a lot of kids running around this neighborhood "
    0
    Flag
  • Karen M.
    "nice place to raise family Nd dogs will love it run around space friendly people nice to live here here dogs love it too"
    0
    Flag
  • Deborah M.
    "I've lived in our neighborhood for over 5 years and even though it's an older area, it's pretty safe and family oriented."
    0
    Flag
  • Brigette Y.
    "kids don't really have much space to play as this is a high traffic area. It is on a very busy street. "
    0
    Flag
  • Elizabeth C.
    "We have an amazing fire works show for the 4th! Our town is often looked at in disgust although this is everywhere. There is plenty to do here and keep yourself occupied and not get into trouble. "
    0
    Flag
  • Stephanie V.
    "There are many families that live in this neighborhood but everyone tends to keep to themselves. It’s hot most of the year so people tend to stay inside but it’s nice and quiet here"
    0
    Flag
  • Sandra L. R.
    "There are a lot of children in this area. The East end is less congested. There are some very nice neighborhoods. "
    0
    Flag
  • Roni S.
    "There are a lot homeless and people who seem to be on drugs in Hemet. The neighborhood Walmart has mostly minority products locked behind glass. This week the local Walmart has installed one way gates located inside the store to block consumers from exiting. Soliciting for Tamales, washing of your windows and petitions are a daily practice."
    0
    Flag
  • Sueklyce
    "The kids play out front of their homes which indicates they feel safe. The neighbors are friendly and help each other in times of need or are just normally friendly. The neighbors on either of me make me feel safe. "
    0
    Flag
  • Sketch Y.
    "Fireworks & everyone is well known & very friendly with one another , minor altercations from time to time but nothing ever major."
    0
    Flag
  • Who C.
    "An extremely boring and dangerous place and expensive to live at. I dont recommend living here. the streets are horrible and way too many homeless people which people need to help these people get back on their feet. Also they only focus on fixing the Florida street instead of fixing other streets that are badly damaged. Just don't even bother moving over here since it ain't getting better. "
    0
    Flag
  • Sdemamiel
    "I live at the west end of town, and shopping starts only 2 miles away. I live in a gated community that is very nice, but I can no longer afford it."
    0
    Flag
  • Mahhiedunn1
    "Retirement community with growing homeless problem as everywhere . Still enjoy living here. New businesses and restaurants are coming in. Surrounded by mountains. Temecula shopping and restaurants, Palm Springs, Idyllwild."
    0
    Flag
  • Endorafalacemontecinos155
    "concerts by the pool bingo card games pool tables free breakfasts pot lucks pie and ice cream we community feasts offering door prizes and entertainment Holiday specials Cinco De mayo dancers "
    0
    Flag
  • Ramona H.
    "My commute is fine. Some traffic some time. There are several bus stops. The Buses run frequently. "
    0
    Flag
  • Ty W
    "we need to set up a small block potluck. we have 2 houses that just sold and 3rd one for sale. need to meet all our new neighbors. welcome them. We try to watch each others houses when we are gone. We have 4 retired people that live in our neighborhood in 4 different houses. We live in a small culdesac. Everyone takes pretty good care of their yards"
    0
    Flag
  • Wedermyerm
    "IDK.NEW TO HEMET.SO FAR I ENJOY THE QUIETNESS.DONT KNOW NO ONE PERSONALLY.CAME FROM LOS ANGELES "
    0
    Flag
  • Dmoses52
    "The commute to downtown is good but the commute out of the city is horrible we’re to far from the freeway system. "
    0
    Flag
  • Jerri P.
    "My neighborhood is quite, friendly, safe and close to stores and buses. The commute to other cities and beaches is not bad."
    0
    Flag
  • Cecilia H.
    "we do have public transportation but I haven't been in the necessity to use it most of the stores are closed by"
    0
    Flag

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Apartments for Rent

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Homes for sale near 509 E Central Ave

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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509 E Central Ave, Hemet, CA 92543 is a 20 bedroom, 16 bathroom, 8,643 sqft multi-family built in 1991. This property is not currently available for sale. 509 E Central Ave was last sold on Sep 26, 2025 for $1,750,000 (1% higher than the asking price of $1,725,000). The current Trulia Estimate for 509 E Central Ave is $1,754,500.