862 Oleander St, Hemet, CA 92543
OFF MARKET
Listed by Kristopher German, RE/MAX 2000 REALTY, (909) 645-0443 . Bought with Ladera Home Realty

$555,000

Last sold price
  • 4 Beds
  • 4 Baths
  • 2,258 sqft

862 Oleander St, Hemet, CA 92543

Currently Off Market - Sold Sep 26, 2025 for $555,000

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
229 S Carmalita St, Hemet, CA
0.69
Multi-Family Home
$575,000
03/19/26
4
4
2,080
873 Douglas Ct, Hemet, CA
0.76
Multi-Family Home
$514,000
11/20/25
4
4
2,228
358 S Alessandro St, Hemet, CA
0.42
Multi-Family Home
$898,000
05/21/26
8
4
2,916
381 Carmel Way, Hemet, CA
1.02
Multi-Family Home
$560,000
01/28/26
4
4
2,208
796 W Devonshire Ave, Hemet, CA
0.81
Multi-Family Home
$549,000
02/09/26
4
3
1,856
229 S Buena Vista St, Hemet, CA
0.80
Multi-Family Home
$575,000
11/14/25
6
3
2,464
670 Lanier St, Hemet, CA
1.11
Multi-Family Home
$555,000
07/08/26
4
4
2,160
281 N Valley View Dr, Hemet, CA
0.79
Multi-Family Home
$612,500
02/20/26
8
4
3,900
1220 E Campus Way, Hemet, CA
1.56
Multi-Family Home
$585,000
09/26/25
4
4
2,472

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Mayberry Ave #6, Hemet, CA 92543
0.04
$84,999
-
-
-
For Sale
791 W Mayberry Ave, Hemet, CA 92543
0.05
$1,823,400
16
14
8,700
Off Market
772 Oleander St, Hemet, CA 92543
0.05
$697,800
6
6
2,909
Off Market
601 S Palm Ave #D, Hemet, CA 92543
0.06
$224,600
2
2
1,247
Off Market
601 S Palm Ave #B, Hemet, CA 92543
0.06
$181,500
2
2
1,247
Recently Sold
603 S Palm Ave #A, Hemet, CA 92543
0.07
$164,000
1
1
821
Recently Sold
609 S Palm Ave #B, Hemet, CA 92543
0.11
$267,900
2
2
1,254
Off Market
621 S Palm Ave #E, Hemet, CA 92543
0.10
$139,000
1
1
823
Recently Sold
621 S Palm Ave #B, Hemet, CA 92543
0.10
$139,000
1
1
823
Recently Sold
485 Hermosa St, Hemet, CA 92543
0.13
$445,000
3
2
1,726
Recently Sold
465 Hermosa St, Hemet, CA 92543
0.15
$411,300
3
2
1,756
Off Market

Local Information

  • Map ViewExplore the area around 862 Oleander St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1984
2,258 sqft
Garage

About this House

We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story units—ideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is equipped with its own private 2-car garage, plus ample on-site parking—a rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Don’t miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)
862 Oleander St, Hemet, CA 92543 is a 4 bedroom, 4 bathroom, 2,258 sqft multi-family built in 1984. It last sold for $555,000 on Sep 26, 2025 (6% above the $525,000 asking price). More recently, it was listed as a rental in January 2014 with an asking price of $875 per month. That rental listing was removed on April 18, 2014. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $3,703/month.

Home Details for 862 Oleander St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Bedroom
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4
Appliances & Utilities
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water AvailableLaundry: None
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: 1
View
No ViewView: None

Exterior Features

Exterior Home Features
Roof: ShingleFencing: WoodFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: 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: 32

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Duplex
Building
Construction Materials: Copper PlumbingNot a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 446104011

Price & Status

Price
List Price: $525,000
Status Change & Dates
Off Market Date: Mon Aug 18 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Hemet

Building

Building Area
Building Area: 2258 Square Feet

Community

Community Features: SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 9147 sqft

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: CV25148384Living Area Range Units: Square FeetAttribution Contact: 909-645-0443Back On Market Date: Thu Aug 07 2025Common Interest: NoneUniversal Property Id: US-06065-N-446104011-R-N

Additional Information

Sidewalks

Price and Tax history

DateEventPrice
Sep 26, 2025
Source: CRMLS #CV25148384
Sold
$555,000
Aug 20, 2025
Source: CRMLS #CV25148384
Pending
$525,000
Aug 7, 2025
Source: CRMLS #CV25148384
PendingToActive
$525,000
Jul 23, 2025
Source: CRMLS #CV25148384
Pending
$525,000
Jul 2, 2025
Source: CRMLS #CV25148384
Listed For Sale
$525,000

Market trends in Hemet

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$441K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$263
$4MoM
Available listings
470
11MoM

Around this home

What Locals Say about Hemet

At least 952 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

Sourced by Trulia users. 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 "
    2
    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 "
    2
    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

LGBTQ Local Legal Protections

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 2026-09-09 10:56:28 PDT 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

Frequently asked questions about 862 Oleander St

  • What is the price history for 862 Oleander St?
    862 Oleander St in Hemet, CA last sold for $555,000 in September 2025.
  • Is Hemet a buyer's or seller's market?
    Hemet is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Hemet?
    The median sale price in Hemet is $441K. That is down $3.33K from the prior month.
  • What do residents say about Hemet?
    Residents describe Hemet, CA as easy to park in, well-kept, and pedestrian-friendly. See recently sold homes in Hemet, CA.
  • Does 862 Oleander St have air conditioning?
    Yes, 862 Oleander St in Hemet, CA has air conditioning.

Explore by feature - Pet Friendly

58 pet-friendly rentals in Hemet, CA

Explore by feature - Garage

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Explore by feature - Air Conditioning

121 rentals with air conditioning in Hemet, CA

Explore by feature - Pool

59 rentals with a pool in Hemet, CA

Explore by feature - Washer/dryer

92 rentals with a washer/dryer in Hemet, CA

Explore by feature - Outdoor Space

47 rentals with an outdoor space in Hemet, CA

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Off Market Homes Near 862 Oleander St

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