THREE HOMES ON ONE LOT! APPRAISAL in hand! This unique property in Hemet, California offers a rare opportunity with three separate homes on one expansive lot. The lot itself is over 16,000 square feet and is fully gated, providing security and privacy. The main home features four bedrooms and two bathrooms, with tile flooring throughout. The open concept living area and kitchen create a seamless flow, ideal for hosting gatherings and entertaining. Attached to the main house is a generously sized apartment with its own full kitchen, living and dining area, a spacious bedroom, and another full bathroom. This additional living space offers versatility and can be used as a guest suite, in-law quarters, or even rented out for extra income. The third home on the property is completely separate from the other two and features three bedrooms, one bathroom, and a beautiful kitchen and dining/living room. This home is ALREADY generating rental income, offering an attractive investment opportunity! In addition to the three homes, the lot provides ample space for parking and outdoor entertaining. Whether you have multiple vehicles or enjoy hosting outdoor events, this property offers the space you need. Overall, this centrally located property in Hemet provides an amazing opportunity with three distinct homes on one large lot. The flexibility and rental income potential make it an attractive option for a variety of buyers. Don't miss out on seeing this unique property for yourself!
Single-familyProperty Type
1952Year Built
0.37 acresLot Size
$297Est. Price/Sq.Ft.
Listed by Javier Rodriguez Jr.•DRE #01997717• KELLER WILLIAMS REALTY
Contact: 909-246-9112
Bought with Javier Rodriguez Jr.•DRE #01997717• KELLER WILLIAMS REALTY
Back on the market just fell out of escrow. Great Investment opportunity. Unit #1 (Approx 1500 sqft) 3 Bed With New Carpet 2 Bath With New Tile New Vanities Living room With New Tile Family room With New Tile Kitchen with New SS Appliances, Custom Cabinets and Granite Counters. Laundry Room New Windows New Doors New AC and Heater Unit #2 (Attached to the first unit) 1 Bed With New Carpet 1 Bath With New Tile New Vanities New Toilet Kitchen SS Appliances, Custom Cabinets and Granite Counters. Unit #3 (Detached Building Approx 1000 sqft) 3 Bed With New Carpet 1 Bath With New Tile Floor, New Vanity, New Toilet Living room With New Tile Floor Dining Area Kitchen SS Appliances, Custom Cabinets and Granite Counters. Separate Meter
CRMLS #HM13139818
Sep 1, 2013
Sold
$105,000
$50/sq ft
Aug 8, 2013
Pending
—
Jul 16, 2013
Listed
$125,000
$59/sq ft
Central location of units. The first unit has 4 bedrooms and 3 bathrooms. The living room is open to the kitchen. Both having vaulted beamed ceilings. There's also a den and a laundry room. The second unit has 1 bedroom (plus an extra room that could possibly be a 2nd bedroom) and 1 bathroom. These units sit on . 37 acres and has plenty of room for parking, RV parking, etc.
CRMLS #H747083
Jul 12, 2012
Sold
$84,000
$40/sq ft
Jun 1, 2012
Pending
—
May 23, 2012
Listed
$84,900
$40/sq ft
CRMLS #H734866
Nov 10, 2007
Listing Removed
—
Sep 9, 2007
Listed
$389,900
$185/sq ft
Public Records
Feb 2, 2006
Sold
$350,000
$167/sq ft
CRMLS #I513002
Dec 10, 2005
Listing Removed
—
May 10, 2005
Listed
$349,000
$166/sq ft
CRMLS #H723405
Oct 1, 2005
Listing Removed
—
May 10, 2005
Listed
$349,900
$166/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,185 (+2.0%)
$107,100 + $525,300
$632,400
2024
$7,045 (+116.0%)
$107,100 + $525,300
$632,400
2023
$3,262 (−42.2%)
$105,000 + $515,000
$620,000
2022
$5,640 (+8.6%)
$70,689 + $212,674
$283,363
2021
$5,195 (+1.6%)
$69,303 + $208,504
$277,807
2020
$5,112 (+1.3%)
$67,945 + $204,416
$272,361
2019
$5,044 (−10.1%)
$67,249 + $202,320
$269,569
2018
$5,608 (+3.5%)
$65,931 + $198,353
$264,284
2017
$5,420 (+87.2%)
$63,372 + $190,651
$254,023
2016
$2,895 (+0.3%)
$63,372 + $190,651
$254,023
2015
$2,886 (+115.7%)
$62,130 + $186,913
$249,043
2014
$1,338 (+33.5%)
$25,000 + $80,000
$105,000
2013
$1,002 (+11.3%)
$25,000 + $80,000
$105,000
2012
$901 (−80.8%)
$20,000 + $64,000
$84,000
2011
$4,686 (+2.0%)
$20,000 + $55,000
$75,000
2010
$4,594 (+1.5%)
$106,664 + $266,555
$373,219
2009
$4,526 (−0.6%)
$105,868 + $264,564
$370,432
2008
$4,551
$106,120 + $265,194
$371,314
Tax history for 40702 Shellie Ln
Year
Property tax
Land + Additions
Assessment*
2025
$7,185 (+2.0%)
$107,100 + $525,300
$632,400
2024
$7,045 (+116.0%)
$107,100 + $525,300
$632,400
2023
$3,262 (−42.2%)
$105,000 + $515,000
$620,000
2022
$5,640 (+8.6%)
$70,689 + $212,674
$283,363
2021
$5,195 (+1.6%)
$69,303 + $208,504
$277,807
2020
$5,112 (+1.3%)
$67,945 + $204,416
$272,361
2019
$5,044 (−10.1%)
$67,249 + $202,320
$269,569
2018
$5,608 (+3.5%)
$65,931 + $198,353
$264,284
2017
$5,420 (+87.2%)
$63,372 + $190,651
$254,023
2016
$2,895 (+0.3%)
$63,372 + $190,651
$254,023
2015
$2,886 (+115.7%)
$62,130 + $186,913
$249,043
2014
$1,338 (+33.5%)
$25,000 + $80,000
$105,000
2013
$1,002 (+11.3%)
$25,000 + $80,000
$105,000
2012
$901 (−80.8%)
$20,000 + $64,000
$84,000
2011
$4,686 (+2.0%)
$20,000 + $55,000
$75,000
2010
$4,594 (+1.5%)
$106,664 + $266,555
$373,219
2009
$4,526 (−0.6%)
$105,868 + $264,564
$370,432
2008
$4,551
$106,120 + $265,194
$371,314
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.