234 S Carmalita Street, Hemet, California 92543, Hemet, 92543 - bed, bath
ACTIVE$395,000
234 S Carmalita Street, Hemet, California 92543
0Bed
0Bath
880Sqft
6,098Lot
Year Built
1938
Close
-
List price
$395K
Original List price
$280K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
SB25177143
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $395.0K(45th), sqft - 880(3th), beds - undefined(1th), baths - undefined(1th).
SHORT SALE, subject to bank approval Property has City violations property was broken into and vandalized in need of repairs DRIVE BY ONLY
Price History
Date
Event
Price
09/18/25
Price Change
$395,000+41.1%
08/06/25
Listing
$279,900
Condition Rating
Tear down
Built in 1938, this property is 86 years old with no indication of major renovations. The MLS description explicitly states 'City violations,' 'property was broken into and vandalized,' and 'in need of repairs.' The instruction 'DRIVE BY ONLY' strongly suggests the property is unsafe, unviewable internally, and unlivable in its current condition. The provided image shows boarded-up windows, severe exterior neglect, and debris, further supporting that the structure is likely beyond practical repair and its value is primarily in the land.
Pros & Cons
Pros
Generous Lot Size: The property boasts a substantial 6,098 sqft lot, offering ample outdoor space for potential expansion, landscaping, or additional amenities.
Single Family Residence: As a single-family home, it appeals to a broad market segment seeking privacy and independent living.
Investment Opportunity: For experienced investors or flippers, the distressed nature presents a significant value-add opportunity to acquire and renovate for potential profit.
Hemet Market Affordability: Located in Hemet, the property is in a relatively more affordable Southern California market, potentially attracting budget-conscious buyers or those seeking investment properties.
Restoration Potential: The 1938 build year could appeal to a niche buyer interested in restoring a home with historical character and charm.
Cons
Extreme Distressed Condition: The property has been broken into, vandalized, and is explicitly stated to be 'in need of repairs,' indicating extensive and costly rehabilitation is required.
Complex Transaction & Legal Issues: It is a 'SHORT SALE, subject to bank approval' and has 'City violations,' which will lead to a lengthy, uncertain, and legally complicated purchasing process with additional compliance costs.
Limited Access & High Risk: The 'DRIVE BY ONLY' instruction means no interior inspection is possible, making it a high-risk acquisition with unknown and potentially catastrophic repair expenses.