NOT LISTED FOR SALE

1055 E Oakland Ave Hemet, CA 92543

Estimated Value: $442,000 - $472,339

4 Beds
2 Baths
1,488 Sq Ft
$304/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $277,600 $187 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,688/month

14 Days on Market

Highlights

  • No HOA
  • No Heating
  • 1-Story Property
  • Laundry Room

About This Home

As of October 2019

Investors Welcome! Live In One Rent The Other One. 1055 E Oakland Ave: 2 Bedrooms 1 Bathroom 1 Car Garage For Front Unit 1055 Attached To 1 Car Garage Of Back Unit 1057. 1057 E Oakland Ave: 2 Bedrooms 1 Bathroom 1 Car Garage, Total Square Footage For Both Homes Approx 1,488 Sq Ft. Newer Partial Copper Plumbing, Tiled & Carpet Flooring In Both Units. Walking Distance To Shopping, Doctors & Hospital.

Last Agent to Sell the Property

Michele Willerford

Feigen Realty Group License #01180965 Listed on: 07/09/2019

Last Buyer's Agent

Diego Gastelum Jr

Realty One Group Homelink License #02025520

Realty One Group Homelink

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,465

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot A
  • Tax Tract Number 434
  • Assessor Parcel Number 445101038

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $175
  • Water Sewer Expense $175
  • New Taxes Expense $3,563
  • Operating Expense $4,438
  • Gross Income $10,830
  • Net Operating Income $8,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,465

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 175.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 445101038
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 186.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 175.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 10830.00
  • Gross Scheduled Income: 10830.00
  • Insurance Expense: 700.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 8730.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 175.00
  • Rent Control: No
  • Total Actual Rent: 1645.00
  • Total Expenses: 4438.00

Tax Info

  • New Taxes Expense: 3563.00
  • Tax Census Tract: 434.01
  • Tax Lot: A
  • Tax Tract Number: 434.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2019
Sold by
Orosco Daniel P
Bought by
Gastelum Diego and Gastelum Consuelo
Current Estimated Value
$452,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,200
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2002
Sold by
Stephens Margo L
Bought by
Orosco Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.18%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Gastelum Diego $278,000 Wfg National Title Co Of Ca
Orosco Daniel P $105,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gastelum Diego $208,200
Previous Owner Orosco Daniel P $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Sold $277,600 -2.6% $187 / Sq Ft
07/09/2019 07/09/19 For Sale $285,000 -- $192 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,465 $303,592 $38,275 $265,317
2023 $3,465 $291,805 $36,790 $255,015
2022 $3,358 $286,084 $36,069 $250,015
2021 $3,303 $280,475 $35,362 $245,113
2020 $3,275 $277,600 $35,000 $242,600
2019 $1,697 $139,031 $39,718 $99,313
2018 $1,647 $136,306 $38,940 $97,366
2017 $1,629 $133,634 $38,177 $95,457
2016 $1,617 $131,015 $37,429 $93,586
2015 $1,609 $129,049 $36,868 $92,181
2014 $1,017 $80,000 $23,000 $57,000
Source: Public Records

Agents Affiliated with this Home

  • Michele Willerford

    Seller's Agent in 2019

    Michele Willerford

    Feigen Realty Group

    (951) 232-0183

    142 Total Sales

    Michele Willerford
    Section Image
  • Diego Gastelum Jr

    Buyer's Agent in 2019

    Diego Gastelum Jr

    Realty One Group Homelink

    (562) 216-1436

    Diego Gastelum Jr
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19162386

California Regional Multiple Listing Service (CRMLS)

APN: 445-101-038

California Riverside County Hemet 92543

1055 E Oakland Ave, Hemet, CA

This home is located at 1055 E Oakland Ave, Hemet, CA 92543 since 09 July 2019 and is currently estimated at $452,585, approximately $304 per square foot. This property was built in 1956. 1055 E Oakland Ave is a home located in Riverside County with nearby schools including Jacob Wiens Elementary School, Rancho Viejo Middle School, and Tahquitz 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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