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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$294,900
600 S Lyon, Hemet, California 92543
2Beds
2Baths
1,486Sqft
4,356Lot
Year Built
1963
Close
-
List price
$295K
Original List price
$295K
Price/Sqft
$198
HOA
$130
Days on market
-
Sold On
-
MLS number
CV25276026
Home ConditionFair
Features
Good View: Panoramic
ViewPanoramic

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $294.9K(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
12/15/25
Listing
$294,900
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the description notes it is 'well-maintained' and has a 'brand new furnace in 2024,' the visible areas in the images, particularly the bathroom with its dated tile, vanity, and countertop, suggest that major renovations to key areas like the kitchen and bathrooms have not occurred recently (within the last 15 years). The living room carpet also appears dated. The cooling system, consisting of a swamp cooler and window-mounted A/C, is explicitly identified as outdated. These factors indicate the home is aged but maintained, with functional major components that show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Investment Potential & Rental Stability: Currently tenant-occupied with Section 8, offering immediate rental income and built-in stability, making it an attractive option for investors.
Desirable 55+ Community with Amenities: Located in a sought-after 55+ community with a low HOA fee ($130/month) that includes access to a large pool, hot tub, golf course, and entertainment house.
Recent Major System Upgrade: Features a brand new furnace installed in 2024, reducing immediate maintenance concerns for a critical system.
Low Maintenance Living: Offers a smart layout and low-maintenance living, suitable for retirement or investment, complemented by a relatively small lot size.
Panoramic View: The property boasts panoramic views, adding significant aesthetic value and desirability.

Cons

Outdated Cooling System: The property relies on a large swamp cooler and window-mounted A/C units instead of a modern central air conditioning system, which may be insufficient or less desirable for comfort in warmer climates.
Age of Property: Built in 1963, the home is over 60 years old, suggesting that while some systems are updated, other components or aesthetics may be original or require future renovation/maintenance.
Limited Buyer Pool (55+ Community): Being situated in a 55+ community restricts the potential buyer demographic, which could impact resale value and market liquidity compared to properties without such age restrictions.

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