35
Map
$349,999
●
House -
In Contract
40354 Clark
Hemet, CA 92544
2 Beds
2 Baths
1,391 Ft²
$1,719
Est. Monthly
About This Property
Great opportunity in Hemet! This property sits on a huge lot and
offers tremendous potential for a buyer looking to add value. Major
improvements have already been completed, including a newer roof,
newer HVAC system, and recently replaced plumbing, providing peace
of mind on some of the home's most important components.
The interior is a cosmetic fixer and is ready for your vision. Bring your contractor, designer, or imagination and update the finishes to create a home that reflects your style while building equity along the way. The expansive lot offers plenty of room for outdoor enjoyment and additional possibilities, subject to buyer verification with the appropriate agencies.
Priced to sell and offered as-is, this is an excellent opportunity for investors, renovators, or buyers looking for a home they can personalize. Don't miss the opportunity to transform this property into something special!
The interior is a cosmetic fixer and is ready for your vision. Bring your contractor, designer, or imagination and update the finishes to create a home that reflects your style while building equity along the way. The expansive lot offers plenty of room for outdoor enjoyment and additional possibilities, subject to buyer verification with the appropriate agencies.
Priced to sell and offered as-is, this is an excellent opportunity for investors, renovators, or buyers looking for a home they can personalize. Don't miss the opportunity to transform this property into something special!
Unit Size
1,391 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$252
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
Listed By
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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: 3 months ago (CRMLS #SW26179500)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Listed by AVM Real Estate Services | $349,999 | |
| Listed by AVM Real Estate Services | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Carport
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary
Appliances: Dishwasher, Gas Oven
Flooring Type: Carpet, Wood
Laundry Features: In Garage
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 1391
Square Footage Source: $0
Property Condition: RepairsCosmetic
Year Built Source: Assessor
Year Built: 1960
Levels: One
Patio and Porch Features: Porch
Pool Features: None
Lot Features: Back Yard, Front Yard
Lot Size Area: 9583
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Tax Lot: 8
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
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 Miners
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Antonio Mendoza, AVM Real Estate Services
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SW26179500
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SW26179500
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