$410,000
●
House -
Off Market
40780 Malibar
Hemet, CA 92544
2 Beds
1 Bath
998 Ft²
$1,960
Est. Monthly
About This Property
Completely reimagined and move-in ready, this beautifully updated
single-story home offers modern finishes and effortless living.
Step inside to find brand new luxury vinyl plank flooring, fresh
interior and exterior paint, and a light-filled layout designed for
everyday comfort. The open kitchen flows seamlessly into the main
living space, anchored by a classic brick fireplace that adds
warmth and character.
Outside, the home features newly installed rock pebble landscaping for clean, low-maintenance curb appeal. The expansive lot offers plenty of space to enjoy, entertain, or expand. A detached shed in the backyard provides added versatility-ideal for storage, a workspace, or potential future use (buyer to verify). Situated in an established neighborhood with strong surrounding values, this property is a great opportunity for first-time buyers, downsizers, or investors looking for a turnkey home with upside.
Outside, the home features newly installed rock pebble landscaping for clean, low-maintenance curb appeal. The expansive lot offers plenty of space to enjoy, entertain, or expand. A detached shed in the backyard provides added versatility-ideal for storage, a workspace, or potential future use (buyer to verify). Situated in an established neighborhood with strong surrounding values, this property is a great opportunity for first-time buyers, downsizers, or investors looking for a turnkey home with upside.
Unit Size
998 Ft²
Days on Market
37 days
Land Size
0.22 acres
Price per sqft
$400
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1966
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 6 months ago (CRMLS #SW26070415)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Coldwell Banker Assoc Brkr-SC | $399,000 | |
| Listed by Coldwell Banker Assoc Brkr-SC | |||
Property Highlights
Garage
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 East Hemet
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jessica Terpstra, Coldwell Banker Assoc Brkr-SC
Last Updated: 6 months ago
Data Source: CRMLS, MLS# SW26070415
Last Updated: 6 months ago
Data Source: CRMLS, MLS# SW26070415
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. 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
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017