$125,000
●
Mobile Manufactured -
Off Market
1690 Carlotta Drive
Hemet, CA 92543
3 Beds
2 Baths
1,440 Ft²
$788
Est. Monthly
$4
HOA / Fees
21.41%
Cap Rate
About This Property
RARE OPPORTUNITY! Properties like this are few and far between-a
premier 8,000+ sq ft lot located in the desirable 55+ Sierra Dawn
North Estates, where you own the land and enjoy low HOA fees. This
charming home features a spacious living room, three bedrooms, two
bathrooms, laminate flooring, a convenient step-saver kitchen, two
dining areas, indoor laundry, and a built-in wet bar-ideal for
entertaining. Recent updates include newer carpet, A/C, water
heater, garbage disposal, electrical improvements, and the seller
reports that all plumbing (drainage and supply) beneath the home
has been repaired. A leveling tune-up has also been completed.
Enjoy two full-length covered patios, ample parking, and a
park-like backyard with privacy and stately shade trees. The
property also includes a workshop and a storage shed, with the shed
already wired for electricity.
Fantastic location at a realistic price-don't miss this one!
Fantastic location at a realistic price-don't miss this one!
Unit Size
1,440 Ft²
Days on Market
38 days
Land Size
0.19 acres
Price per sqft
$111
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
$4
Year Built
1974
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #SW25091288)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed by Coldwell Banker Kivett-Teeters | $159,500 | |
| Listed by Coldwell Banker Kivett-Teeters | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hemet
Similar Homes for Sale
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Listed by: Bud Feaster, Coldwell Banker Kivett-Teeters
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25091288
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25091288
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