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

33033 -33031 Catlin Avenue, Hemet, California 92545 home-pic-0
ACTIVE$669,990
33033 -33031 Catlin Avenue, Hemet, California 92545
0Bed
0Bath
2,304Sqft
17,860Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Potential: Rare find with two homes on one lot, offering flexible options for living in one and renting the other, or renting both for significant return on investment.
Top Cons:
Age of First Home: The primary residence was built in 1942, suggesting potential for outdated systems, deferred maintenance, and a need for significant renovation to meet modern living standards.

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 boasts modern finishes throughout. The kitchen is equipped with new stainless steel appliances, dark shaker-style cabinets, light countertops, and a subway tile backsplash, all meeting current design standards. Bathrooms appear new and updated with modern vanities and fixtures. Flooring consists of new LVP/tile in common areas and new carpeting in bedrooms. While there is an older 1942-built home on the lot, the significant new construction component (1560 sqft vs 744 sqft for the old home) and its pristine condition, as evidenced by the images, elevate the overall property condition to excellent. All components of the new home are virtually new with no deferred maintenance.
Year Built
2024
Close
-
List price
$670K
Original List price
$750K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
IG25022988
Home ConditionExcellent
Features
ViewMountain(s), Neighborhood

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 boasts modern finishes throughout. The kitchen is equipped with new stainless steel appliances, dark shaker-style cabinets, light countertops, and a subway tile backsplash, all meeting current design standards. Bathrooms appear new and updated with modern vanities and fixtures. Flooring consists of new LVP/tile in common areas and new carpeting in bedrooms. While there is an older 1942-built home on the lot, the significant new construction component (1560 sqft vs 744 sqft for the old home) and its pristine condition, as evidenced by the images, elevate the overall property condition to excellent. All components of the new home are virtually new with no deferred maintenance.
Pros & Cons

Pros

Income-Generating Potential: Rare find with two homes on one lot, offering flexible options for living in one and renting the other, or renting both for significant return on investment.
New Construction & Financing: The second home is a 2024 'New Construction' manufactured home, permanently installed, comes with factory warranties, and qualifies for all types of financing, broadening buyer appeal.
Large, Private, & Usable Lot: Features a spacious 17,860 sq ft, all-flat lot, fully fenced with mature trees for privacy, offering ample room for vehicles, RVs, and even farm animals.
No HOA Dues or Land Lease: The absence of HOA fees and land lease significantly reduces ongoing ownership costs and provides greater financial flexibility.
Separate Utilities & Access: Both homes have separate utility meters and individual gated entrances, ideal for privacy and independent management of each unit.

Cons

Age of First Home: The primary residence was built in 1942, suggesting potential for outdated systems, deferred maintenance, and a need for significant renovation to meet modern living standards.
Manufactured Home Perception: Despite being new and financeable, the second home's classification as a manufactured home may still carry a perception bias for some buyers compared to traditional stick-built properties.
Tenant Occupancy (First Home): The first home is currently rented month-to-month, which could complicate immediate owner-occupancy or require the buyer to manage tenant relations and potential vacancy processes.

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