Two-Unit Duplex
For Sale
$564,700
2050 E Oakland Avenue, Hemet, CA 92544
Two residences offer separate patios and laundry rooms, with a flexible layout for independent occupancy.
Property Size1,881 SF
Lot Size0.44 Acres
Price / SF$300.21
Days on Market22
Property Features for 2050 E Oakland Avenue
General Information
Standard status
Active
Size
1,881 SF
Lot size
0.44 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
private patio
dedicated laundry room
Building Details
Year Built
1952
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Cristina Caministeanu · License #01304425
(909) 213-8565
Source:
Lugobros
Added: Oct 9
Changed: Oct 29
Last Checked: Oct 28 at 1:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences totaling 1,881 square feet: a two-bedroom, one-bath home and a one-bedroom, one-bath home. Both units have updated kitchens with granite countertops, white oak luxury vinyl plank flooring, and recessed lighting. Each also has a private patio and its own laundry room.
The property occupies a 19,166-square-foot lot at 2050 E Oakland Avenue in Hemet. Built in 1952, the two-unit configuration provides distinct living spaces on one property.
The property occupies a 19,166-square-foot lot at 2050 E Oakland Avenue in Hemet. Built in 1952, the two-unit configuration provides distinct living spaces on one property.
Key Highlights
- Two residences totaling 1,881 square feet
- Unit mix includes a 2‑bedroom, 1‑bath residence and a 1‑bedroom, 1‑bath residence
- 19,166‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,049
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,980
$661.0K
Cap Rate 7%
$472,129
$472.1K
Cap Rate 9%
$367,211
$367.2K
Market Conditions
NOI Build-Up for 1,881 SF
Gross rent
$48.1K $25.56/SF
− Vacancy
−$865 −$0.46/SF
EGI
$47.2K $25.10/SF
− OpEx
−$14.2K −$7.53/SF
NOI
$33.0K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,980
Cap Rate 7%
$472,129
Cap Rate 9%
$367,211
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.8K
NOI $33,049 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$435.0K
$380.6K – $507.5K
NOI $30,447 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$563.5K
$493.1K – $657.4K
NOI $39,446 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 92544, CA
50,007
Population
17,568
Households
2.8
Avg Household Size
37
Median Age
14%
College-Educated
81%
High-School Grad
170.8 sq mi
ZIP Area
293
Density / Sq Mi
$67,011
Median Household Income
$37,785
Median Earnings
$1,530
Median Rent
$356,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate patios and laundry rooms, with a flexible layout for independent occupancy.
Where is this duplex located?
The property is located at 2050 E Oakland Avenue Hemet, CA.
What is the asking price?
The asking price for this property is $564,700.
What are key features of this property?
This property features: Two residences totaling 1,881 square feet; Unit mix includes a 2‑bedroom, 1‑bath residence and a 1‑bedroom, 1‑bath residence; 19,166‑square‑foot lot
