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33033 -33031 Catlin Avenue, Hemet, California 92545, Hemet, 92545 - 5 bed, 3 bath

33033 -33031 Catlin Avenue, Hemet, California 92545 home-pic-0
ACTIVE$669,990
33033 -33031 Catlin Avenue, Hemet, California 92545
5Beds
3Baths
2,304Sqft
17,860Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Dual Income & Multi-Generational Potential: The property features two distinct homes on one lot, offering excellent flexibility for living in one and renting the other, or renting both for strong ROI, ideal for investors or multi-generational families.
Top Cons:
Age Disparity & Condition of Older Home: The presence of a 1942-built home alongside a 2024 new construction creates a significant age and likely condition disparity, potentially requiring future maintenance or upgrades for the older unit.

Compared to the nearby listings

Price:$670.0K vs avg $450.0K (+$219,990)98%
Size:2,304 sqft vs avg 1,775.5 sqft78%
Price/sqft:$291 vs avg $24978%

More Insights

Built in 2024 (1 years old).
Condition: This property features a brand-new (2024) manufactured home that is permanently installed and comes with factory warranties. The images confirm a pristine, modern interior with new stainless steel appliances, contemporary dark cabinetry, light countertops, subway tile backsplash, new flooring (LVP/tile and carpet), and modern light fixtures. All components are new or virtually new, meeting current quality standards. While there is an older 1942-built home on the lot, the listing heavily emphasizes the 'New Construction' home, and the provided images exclusively showcase its excellent, move-in ready condition, making the overall offering of high quality.
Year Built
2024
Close
-
List price
$670K
Original List price
$750K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
IG25021304
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Rare Find! Two homes on a lot! Live in one and rent the other, OR rent them both for a great ROI. First house (# 33033) is regular SFR, 2 bed, 1 bath, 744 sf, 1942 built, and is currently rented month-to-month to a great family. Second home (#33031) is 2024 "New Construction", currently vacant, 3 bed 2 bath, 1560 sf Manufactured Home. New one permanently installed to foundation with new underground utilities, including city sewer, comes with factory warranties, and qualifies for ALL TYPES of financing! See aerial image of showing both homes. Featuring 9-foot high flat ceilings and all stainless steel appliances! Located on a large 17,860 sf all flat lot with enough room for all your toys, cars, RV's, and farm animals. Well secured with mature trees on all sides of the lot offering full privacy. Both homes have separate utility meters. This lot is fully fenced and features separate gates for each home to ideal for large trailers etc. Entrance for #33031 is from the gate on Green Ave. The possibilities are endless with this property, No HOA dues, No land lease! Located just minutes away from the 215 freeway for easy commute. Contact now for your private showings!

Condition Rating
Excellent
This property features a brand-new (2024) manufactured home that is permanently installed and comes with factory warranties. The images confirm a pristine, modern interior with new stainless steel appliances, contemporary dark cabinetry, light countertops, subway tile backsplash, new flooring (LVP/tile and carpet), and modern light fixtures. All components are new or virtually new, meeting current quality standards. While there is an older 1942-built home on the lot, the listing heavily emphasizes the 'New Construction' home, and the provided images exclusively showcase its excellent, move-in ready condition, making the overall offering of high quality.
Pros & Cons

Pros

Dual Income & Multi-Generational Potential: The property features two distinct homes on one lot, offering excellent flexibility for living in one and renting the other, or renting both for strong ROI, ideal for investors or multi-generational families.
New Construction with Modern Amenities: One of the homes is a 2024 new construction manufactured home, permanently installed on a foundation with new utilities, factory warranties, 9-foot flat ceilings, and stainless steel appliances, appealing to modern buyers.
Large, Versatile & Private Lot: The expansive 17,860 sqft flat lot provides ample space for vehicles, RVs, toys, or even farm animals, enhanced by mature trees for privacy and full fencing with separate gates for security.
Independent Utilities & No HOA: Both homes have separate utility meters, promoting independent living or rental management, and the absence of HOA dues or land lease significantly reduces ongoing ownership costs.
Broad Financing Eligibility: The new construction home qualifies for 'ALL TYPES of financing,' broadening the potential buyer pool and making it accessible to a wider range of purchasers.

Cons

Age Disparity & Condition of Older Home: The presence of a 1942-built home alongside a 2024 new construction creates a significant age and likely condition disparity, potentially requiring future maintenance or upgrades for the older unit.
Manufactured Home Perception: Despite being new and on a permanent foundation, the 'Manufactured Home' designation for the larger unit might deter some buyers or lenders who prefer traditional stick-built construction, potentially impacting resale value or buyer pool.
Hemet Market Dynamics: While offering affordability, Hemet's real estate market may not experience the same level of rapid appreciation or demand as more desirable Southern California locations, which could be a long-term consideration for investors.

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