$265,000
●
Land -
For Sale
0 HORNING Road
Hemet, CA 92543
Studio
0 Bath
$1,302
Est. Monthly
About This Property
BACK ON THE MARKET!!! NEEDS QUICK SALE!!! OWN THE
MOUNTAIN-TOP!!! BRING YOUR HIKING BOOTS!!!
3 congruent parcels = 38.25 ACRES. Appraisal in 2020 = $600,000. Seller needs to unload note.
Rugged dirt road. GRADING MAINTENANCE needed on small PAD at end of road on Lower Parcel. No septic. No water well / Utilities nearby; neighbors have septic, wells & electric. Local resource information for these items is available. Other features: Mountain Top PANORAMIC VIEWS to the ocean and snow caps of Southern California. Great Investment for future development. ZONED A-2-10. Great for small Ranchito or farming. Nestled on three sides by the 13,500 acre Shipley Reserve. Northern view of Diamond Valley Lake with Marina, Hiking Trails, Boating, Fishing, Biking and nighttime city lights. Literally, minutes from the cities and communities of Menifee, French Valley, Winchester, Wildomar, Lake Elsinore, Murrieta, and the Temecula Valley Wine Country, #10 in the world of Wine Makers. The Inland Empire can be a world away from the hustle and bustle of inner city-life. Surrounded by large ranches, custom homes on hillsides and serenity. Not far from I15 and I215 freeways, access to California Beaches are within an hour; San Diego, Orange County and Los Angeles. If vacation destinations are your choice; Mountain Resorts of Big Bear, Idyllwild, and Arrowhead are also in view. For a warmer choice, head over to Palm Dessert, Palm Springs, and the luxury of beautiful desert resort vacationing. See Riverside County Planning Department to verify LAND-USE Permits for Building, Planned Road Improvements, and Development potential.
3 congruent parcels = 38.25 ACRES. Appraisal in 2020 = $600,000. Seller needs to unload note.
Rugged dirt road. GRADING MAINTENANCE needed on small PAD at end of road on Lower Parcel. No septic. No water well / Utilities nearby; neighbors have septic, wells & electric. Local resource information for these items is available. Other features: Mountain Top PANORAMIC VIEWS to the ocean and snow caps of Southern California. Great Investment for future development. ZONED A-2-10. Great for small Ranchito or farming. Nestled on three sides by the 13,500 acre Shipley Reserve. Northern view of Diamond Valley Lake with Marina, Hiking Trails, Boating, Fishing, Biking and nighttime city lights. Literally, minutes from the cities and communities of Menifee, French Valley, Winchester, Wildomar, Lake Elsinore, Murrieta, and the Temecula Valley Wine Country, #10 in the world of Wine Makers. The Inland Empire can be a world away from the hustle and bustle of inner city-life. Surrounded by large ranches, custom homes on hillsides and serenity. Not far from I15 and I215 freeways, access to California Beaches are within an hour; San Diego, Orange County and Los Angeles. If vacation destinations are your choice; Mountain Resorts of Big Bear, Idyllwild, and Arrowhead are also in view. For a warmer choice, head over to Palm Dessert, Palm Springs, and the luxury of beautiful desert resort vacationing. See Riverside County Planning Department to verify LAND-USE Permits for Building, Planned Road Improvements, and Development potential.
Unit Size
-
Days on Market
57 days
Land Size
38.26 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2021
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: 2 months ago (CRMLS #SW26158808)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Listed by United Community Realty, Inc | $265,000 | |
| Listed by United Community Realty, Inc | |||
| May 22, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Listed by COLDWELL BANKER KIVETT-TEETERS | $495,000 | |
| Listed by COLDWELL BANKER KIVETT-TEETERS | |||
| | |||
|
Welcome to 516 Farmstead St in the highly desirable McSweeney Farms community of Hemet—offered fully furnished and truly move-in ready! From the moment you arrive, you’ll appreciate the great curb appeal with well-designed, low-maintenance landscaping featuring decorative rock and drought-tolerant plants. Inside, this beautifully maintained home shows like a model, complete with thoughtfully selected décor, window coverings throughout, and all the extras included—refrigerator, washer, dryer, and even home utensils. The open-concept layout features durable vinyl plank flooring in the main living areas and plush carpet in the bedrooms. The spacious kitchen flows seamlessly into the family room, showcasing granite countertops, white cabinetry, and stainless steel appliances—perfect for both everyday living and entertaining. The primary suite offers a private retreat with a walk-in closet, dual vanities, and a walk-in shower. Additional highlights include a separate laundry room, whole house fan, smart thermostat, tankless water heater, and a two-car garage with epoxy flooring. Energy efficiency is a plus with 9 solar panels (PAID FOR) helping to offset utility costs. Step outside to a low-maintenance backyard designed for easy living, featuring a concrete patio, Alumawood patio cover with electrical for lighting, artificial turf, vinyl fencing, and peaceful mountain and hill views. Whether you're looking for a primary residence, second home, or investment opportunity, this turnkey property checks all the boxes—just bring your suitcase and settle in!
| |||
| Dec 19, 2024 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Exterior Details
Waterfront Features: Lake Privileges, ReservoirInCommunity
Lot Features: Agricultural, Corners Marked, Sloped Down, Rolling Slope, Secluded, ValueInLand
Lot Size Area: 1666670
Lot Size Units: Square Feet
Lot Size Acres: 38.2615
Lot Size Square Feet: 1666670
Tax Lot: 7
Water Source: None
Utilities Details
Sewer : None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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HOA + Taxes
About Hemet
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Listed by: Linda Mejia, United Community Realty, Inc
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26158808
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26158808
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