1450 Carlotta
About This Property
Step inside to find fresh new exterior paint and brand-new carpet throughout, creating a bright, clean, move-in-ready feel. The spacious living room features large windows for abundant natural light, while the dining area offers built-in cabinetry and flows seamlessly into the functional kitchen with plenty of counter space and storage. Both bedrooms are generous in size, including a primary suite with a walk-in closet and private bath.
Outside, enjoy a covered carport, storage shed, and low-maintenance landscaping, ideal for relaxed, easy living. Located close to shopping, dining, parks, and the picturesque Diamond Valley Lake recreational area, this home offers both convenience and tranquility.
The home is on a permanent foundation, allowing for FHA, VA, and conventional financing options. And with a super-low HOA of approximately $5 per month, it's one of the best values in Hemet's 55+ market.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Jan 8, 2026 | In contract | - | |
| In contract | |||
| Dec 25, 2025 | Relisted | $199,000 | |
| Relisted | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Price Decreased |
$199,000
↓ $16K
(7.4%) | |
| Price Decreased | |||
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About Hemet
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017