NOT LISTED FOR SALE

1014 W Devonshire Ave Hemet, CA 92543

Estimated Value: $333,000 - $394,000

2 Beds
2 Baths
1,248 Sq Ft
$285/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $239,000 $192 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,073/month

89 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 1-Story Property
  • No Heating

About This Home

As of January 2021

Back on the market subject to cancellation of current escrow.
perfect property for Investors or first time buyers This 2 unit property with R3 zoning with over 12,197 sqft lot , is located in a desirable location of Hemet . Each consist of 1 bed/1bath. The 2nd unit features 2 covered garages for the subject units. Lots of opportunity for builders to expand or add more units for extra income.
The subject could sale separately or together with 4 other duplexes(309 W Kimball Ave, 242 S Buena Vista St, 416 N T Thompson St, 346 S Ramona St)

Last Agent to Sell the Property

Suhaila Sabir

Excellence RE Real Estate License #01422989 Listed on: 06/04/2020

Last Buyer's Agent

Anthony Tafesh

PINNACLE REAL ESTATE GROUP License #02053014

PINNACLE REAL ESTATE GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 434
  • Assessor Parcel Number 442052013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $701
  • Trash Expense $300
  • Water Sewer Expense $2,040
  • Operating Expense $3,041
  • Gross Income $23,400
  • Net Operating Income $20,359

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2040.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 442052013
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 191.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 701.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 20359.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3041.00
  • Rent Control: No
  • Total Expenses: 3041.00

Tax Info

  • Tax Census Tract: 434.05
  • Tax Lot: 23
  • Tax Tract Number: 434.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2020
Sold by
Advanced Group Investment Llc
Bought by
Cunningham Daniel J and Cunningham Lisa E
Current Estimated Value
$355,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,671
Interest Rate
2.71%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2017
Sold by
Esfandi Bijan and Benyamin Fariba
Bought by
Advanced Group Investments Llc

Purchase Details

Listed on
Sep 29, 2016
Closed on
Oct 11, 2016
Sold by
Bolmex Financial Group Inc
Bought by
Esfandi Bijan and Benyamin Fariba
Seller's Agent
Sem Lopez
Bolmex Realty Inc
Buyer's Agent
Sem Lopez
Bolmex Realty Inc
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%

Purchase Details

Listed on
Sep 29, 2016
Closed on
Aug 22, 2016
Sold by
Ormsby Richard and Ormsby Christina
Bought by
Bolmex Financial Group Inc
Seller's Agent
Sem Lopez
Bolmex Realty Inc
Buyer's Agent
Sem Lopez
Bolmex Realty Inc
List Price
$155,000
Sold Price
$155,000

Purchase Details

Closed on
Jun 8, 2005
Sold by
Miller Mark R and Miller Cheryl L
Bought by
Ormsby Richard and Ormsby Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,600
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2004
Sold by
Serra Robert and Serra Myra
Bought by
Miller Mark R and Miller Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
French R Dennis and Serra Myra
Bought by
Serra Robert and Serra Myra
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cunningham Daniel J $239,000 Pacific Coast Title Company
Advanced Group Investments Llc -- Accommodation
Esfandi Bijan $155,000 Ticor Title Company
Bolmex Financial Group Inc $132,000 Ticor
Ormsby Richard $317,000 Orange Coast Title Co
Miller Mark R $210,000 First American Title Co
Serra Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cunningham Daniel J $234,671
Previous Owner Ormsby Richard $253,600
Previous Owner Miller Mark R $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2021 01/26/21 Sold $239,000 -8.1% $192 / Sq Ft
12/09/2020 12/09/20 For Sale $260,000 0.0% $208 / Sq Ft
12/08/2020 12/08/20 For Sale $260,000 +8.8% $208 / Sq Ft
12/04/2020 12/04/20 Off Market $239,000 -- --
09/01/2020 09/01/20 Pending -- -- --
08/29/2020 08/29/20 Pending -- -- --
07/28/2020 07/28/20 Price Changed $260,000 -6.5% $208 / Sq Ft
06/04/2020 06/04/20 For Sale $278,000 +79.4% $223 / Sq Ft
10/17/2016 10/17/16 Sold $155,000 0.0% $124 / Sq Ft View Prior Sale
10/05/2016 10/05/16 For Sale $155,000 0.0% $124 / Sq Ft
10/03/2016 10/03/16 Off Market $155,000 -- --
09/29/2016 09/29/16 For Sale $155,000 +17.4% $124 / Sq Ft
09/02/2016 09/02/16 Sold $132,000 +10.0% $106 / Sq Ft View Prior Sale
06/12/2016 06/12/16 Pending -- -- --
09/28/2015 09/28/15 For Sale $120,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,922 $258,699 $64,945 $193,754
2023 $2,922 $248,655 $62,424 $186,231
2022 $2,832 $243,780 $61,200 $182,580
2021 $2,035 $166,189 $33,237 $132,952
2020 $2,023 $164,486 $32,897 $131,589
2019 $1,981 $161,261 $32,252 $129,009
2018 $1,924 $158,100 $31,620 $126,480
2017 $1,902 $155,000 $31,000 $124,000
2016 $1,524 $120,000 $30,000 $90,000
2015 $1,381 $105,000 $25,000 $80,000
2014 $1,292 $100,000 $20,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Suhaila Sabir

    Seller's Agent in 2021

    Suhaila Sabir

    Excellence RE Real Estate

    (323) 350-4561

    82 Total Sales

    Suhaila Sabir
    Section Image
  • Anthony Tafesh

    Buyer's Agent in 2021

    Anthony Tafesh

    PINNACLE REAL ESTATE GROUP

    (626) 964-5500

    77 Total Sales

    Anthony Tafesh
    Section Image

  • A

    Seller's Agent in 2016

    Adam Cox

    Adam Cox, Broker

  • S

    Seller's Agent in 2016

    Sem Lopez

    Bolmex Realty Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20107426

California Regional Multiple Listing Service (CRMLS)

APN: 442-052-013

California Riverside County Hemet 92543

1014 W Devonshire Ave, Hemet, CA

Not Listed for Sale

MultiFamily

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