527 E Central Ave, Hemet, CA 92543

R-3 ZONED HEMET PROPERTY (+BONUS PARCEL) IDEAL FOR MULTIPLE-FAMILY RESIDENTIAL DEVELOPMENT WITH SUBSTANTIAL UPSIDE: 1916 Bungalow on Expansive Lots with Endless Potential! SEIZE THE CHANCE to transform this 1916 Modest Bungalow into a lucrative investment in Hemet's long-term rental market. Situated on an expansive 18,296+ SQFT combined lot (**BONUS PARCEL APN 446-091-004 INCLUDED**), this 3-bedroom, 1 ¾ bath home offers a unique blend of historic charm and prime development potential. THIS PROPERTY PRESENTS A RARE OPPORTUNITY for savvy investors to unlock its full potential. With a healthy After Repair Value (ARV) and significant demand for renovated properties in the area, the home is an ideal candidate for a profitable resale or long-term rental hold. BUNGALOW CHARACTERISTICS INCLUDE: •Low-pitched rooflines, classic front porch columns, and timeless craftsmanship. •Solid wood interior doors, built-in cabinetry, and wide wood casings highlighting historical charm. • Laminate wood floors and lathe-and-plaster walls throughout the home. DEVELOPMENT POTENTIAL: The fully fenced lot includes a detached garage, three storage sheds, and ample parking for RVs or boats. With room to build, this property is primed for Accessory Dwelling Units (ADUs) or potential for multi-unit development, making it an ideal investment for creating income-generating rental units. CENTRAL LOCATION FOR TENANTS OR BUYERS: •0.6 miles from Downtown Hemet and a short drive to shopping, dining, and entertainment. •Less than 30 minutes from Mt. San Jacinto College (MSJC) campuses in San Jacinto Valley and Menifee, providing a consistent demand for rental properties. INVESTOR BENEFITS: This property offers a blank canvas to capitalize on its historic charm, large lot, and development potential. Whether you plan to renovate for resale or create a long-term rental portfolio, the upside is clear. EARLY BIRD CATCHES THE WORM: Bring your vision and contractor to explore the boundless opportunities this property holds. Schedule your showing today and take the first step toward unlocking its value!