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600 S Lyon, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath

600 S Lyon, Hemet, California 92543 home-pic-0
ACTIVE$290,000
600 S Lyon, Hemet, California 92543
2Beds
2Baths
1,486Sqft
4,356Lot
Year Built
1963
Close
-
List price
$290K
Original List price
$290K
Price/Sqft
$195
HOA
$130
Days on market
-
Sold On
-
MLS number
CV25257016
Home ConditionFair
Features
Good View: Panoramic
ViewPanoramic

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $290.0K(19th), sqft - 1486(56th), beds - 2(42th), baths - 2(50th).

Welcome to 600 S. Lyon Ave, a fantastic investment opportunity in a sought-after 55+ community. This well-maintained 2 bedroom, 2 bathrooms plus a bonus enclosed patio home offers 1,286 sq ft of comfortable living space and is currently tenant-occupied, providing immediate rental income, With a smart layout, low maintenance living and recent upgrades including a brand new furnace in 2024, Large swamp cooler, and window mounted A/C,. The community amenities add even more value with low HOA$130/monthly that includes key-card access to a large pool, huge enclosed hot tub, golf course, and a entertainment house. this property is an ideal choice for investors seeking steady returns or buyers looking for a tax advantaged asset. A rare chance to own in an established retirement neighborhood with built in rental stability (section 8) -DONT MISS IT!

Nearby schools

2/10
Whittier Elementary School
Public,•K-5•0.8mi
3/10
Diamond Valley Middle School
Public,•6-8•1.5mi
5/10
West Valley High School
Public,•9-12•1.8mi
1/10
Aspire Community Day
Public,•7-12•1.8mi

Price History

Date
Event
Price
11/08/25
Listing
$290,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While described as 'well-maintained' and featuring a brand new furnace in 2024, the visible interior elements, particularly the bathroom with its dated vanity, countertop, and tile flooring, along with the older style carpeting in the living area, indicate that major renovations have not occurred recently. The cooling system, relying on a swamp cooler and window-mounted A/C, is also outdated. The property is functional and appears to be maintained, but its overall style and features are significantly aged, requiring minor updates to meet current standards. This aligns with the 'Fair' criteria of being aged but maintained, with functional but outdated major components.
Pros & Cons

Pros

Immediate Rental Income & Stability: The property is currently tenant-occupied with Section 8, providing immediate rental income and built-in stability for investors.
Low-Cost Community Amenities: Access to a large pool, huge enclosed hot tub, golf course, and an entertainment house with a very low HOA fee of $130/monthly.
Recent Essential Upgrades: Includes a brand new furnace installed in 2024, enhancing comfort and reducing immediate maintenance concerns for a key system.
Sought-After 55+ Community: Located in an established retirement neighborhood, appealing to a specific demographic and offering a community-focused lifestyle.
Low Maintenance Living: The property is described as offering low maintenance living, which is attractive to both investors and senior residents.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1486, other record living area = 1286.
Dated Cooling System: Relies on a large swamp cooler and window-mounted A/C, which are generally less efficient and desirable than central air conditioning, especially in Hemet's climate.
Age of Property: Built in 1963, the property is over 60 years old, which may imply potential for future maintenance or renovation needs beyond the recent furnace upgrade.
Limited Buyer Pool: Being exclusively in a 55+ community restricts the potential buyer demographic, which could affect future resale value or time on market.

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