NOT LISTED FOR SALE

1055 E Oakland Ave Hemet, CA 92543

Hemet Area

Estimated Value: $420,885

4 Beds
2 Baths
1,488 Sq Ft
$283/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2019

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

Est. 52% increase in value since last sale

Current estimated payment $2,528 / mo

14 Days on Market

Highlights

  • No HOA
  • No Heating
  • 1-Story Property

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
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Property Details

Home Type

  • Multi-Family

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 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

Amenities

  • Laundry Facilities

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

Year Built

Built in 1956

Lot Details

7,841 Sq Ft Lot

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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2019
Sold by
Bought by
Current Estimated Value
$420,885

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
Bought by

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $208,750
Previous Owner $208,200
Previous Owner $121,000
Previous Owner $100,000
Previous Owner $84,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,534 $309,663 $39,040 $270,623
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

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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

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