NOT LISTED FOR SALE

1038 S San Jacinto Ave San Jacinto, CA 92583

California Neighborhood
10 Beds
6 Baths
5,000 Sq Ft
0.71 Acres

Last Sold February 08, 2016

Last sale price $525,000 $105 Per Sq Ft

52 Days on Market

Highlights

  • 0.71 Acre Lot
  • No HOA
  • Level Lot

About This Home

As of February 2016

Seller Financing being offered at 35% down but outside financing ok too. 9 Units located on a Large Lot (30,918 Sq. Ft.) in a good location of San Jacinto. Units are all 2 bedrooms and single story with some being detached with private yards. Lots of parking behind units. 1 acre lot adjacent to property is also available for sale. Buying both allows for a good future development opportunity. These parcels are located closest to Northern developed area and are ideal to be developed into a commercial project.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 12/01/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.71 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 20 Parking Spaces

Home Design

  • 5,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 437190014

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,900
  • Net Operating Income $40,002

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 7.30
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 437190014
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 105.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Level with Street, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 30918.00
  • Price Per Lot Square Foot: 16.98
  • Lot Size Acres: 0.7100

Multi Family

  • Gross Income: 5900.00
  • Gross Multiplier: 8.10
  • Gross Scheduled Income: 70800.00
  • Lot Size Area: 30918.0000 Square Feet
  • Net Operating Income: 40002.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 28674.00
  • Other Income Description: GRM & CAP RATE AT MARKET RENTS
  • Rent Control: No
  • Vacancy Allowance: 2124

Tax Info

  • Tax Lot: 69
  • Tax Tract Number: 00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2016 02/08/16 Sold $525,000 -14.6% $105 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $615,000 +115.8% $123 / Sq Ft
06/03/2013 06/03/13 Sold $285,000 -39.4% $57 / Sq Ft
03/26/2013 03/26/13 Pending -- -- --
01/27/2013 01/27/13 For Sale $469,999 -- $94 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Bell

    Seller's Agent in 2016

    Richard Bell

    Bell Realty Group

    (714) 309-3549

    23 Total Sales

    Richard Bell
    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,908 Total Sales

    NoEmail NoEmail
    Section Image

  • A

    Seller's Agent in 2013

    Alma Villalobos

    NUEVO VALLEY REALTY

    Section Image
  • J ALBINO GONZALEZ

    Buyer's Agent in 2013

    J ALBINO GONZALEZ

    EXCELLENCE EMPIRE REAL ESTATE

    (909) 589-4442

    17 Total Sales

    J ALBINO GONZALEZ
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15255666

California Regional Multiple Listing Service (CRMLS)
California Riverside County San Jacinto 92583 California

1038 S San Jacinto Ave, San Jacinto, CA

This home is located at 1038 S San Jacinto Ave, San Jacinto, CA 92583 since 01 December 2015. This property was built in 1965. 1038 S San Jacinto Ave is a home located in Riverside County with nearby schools including Hyatt Elementary School, North Mountain Middle School, and San Jacinto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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