Property Details
About this Property
Welcome to 381 Carmel Way, Hemet, CA 92545. A fantastic turnkey investment opportunity with excellent cash flow, long-term stability, and room for growth! Perfect for investors looking to close before year-end or complete a 1031 exchange, this well-maintained duplex delivers a solid 8% gross CAP rate with upside potential to easily reach 10%+ through rent adjustments in future or by converting one of the garages into a ADU for additional rental income. Each spacious unit offers 2 bedrooms, 2 full baths, an indoor laundry room, and a private balcony. Both come with a 2-car attached garage, while the downstairs unit enjoys direct garage access for added convenience. The upstairs tenant is a Section 8 renter, providing reliable government-backed income through June 2026, and the downstairs tenant is on a month-to-month, offering flexibility for future rent increases or owner occupancy. The property sits on a large lot with zero-scape landscaping, designed for low-maintenance upkeep and reduced costs, while maintaining a clean and attractive appearance year-round. A fully secured private gated entrance with remote access ensures privacy and peace of mind for tenants. Additional highlights include a newer roof replaced within the last 7–8 years, separate gas and electric meters for ea
MLS Listing Information
MLS #
CRSW25238060
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Josephine Sharma
LEGACY HOMES REALTY
License #: 01507253
Phone: (951) 314-4251
Co-Listing Agent
Raj Sharma
LEGACY HOMES REALTY
License #: 01886334
Phone: (951) 314-4251
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
381 Carmel Way is a Duplex in Hemet, CA 92545. This – square foot property sits on a 7,405 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $560,000 and was built in 1980. This address can also be written as 381 Carmel Way, Hemet, CA 92545.
©2026 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Josephine Sharma, (951) 314-4251
