$170,000
SOLD JUN 23, 2015

1075 E Oakland Ave Hemet, CA 92543

4 Beds
2 Baths
1,762 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

63 Days on Market

About This Home

As of June 2017

1075-1079 two single houses on a lot, each house has separate address, all 2 bedrooms and 1 bathroom with attached garage. Separate Electric and Gas Meter. R2 Zoning. Close to supermarket, bus stop, school... quiet neighborhood. New remodeled at the back house in last year, new laminate floor, new painted. Great investment, easy management, great return, total rental income close to $1600, great CASH flow, seller very motivated, accept any reasonable offer.

Last Agent to Sell the Property

JOHNNY LAM

IRN REALTY License #01251402 Listed on: 01/14/2015

Last Buyer's Agent

Diane Hilgenberg

Century 21 Affiliated License #01249064

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 1957

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 1,762 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 25086
  • Assessor Parcel Number 445101037

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
  • Gross Income $1,595
  • Net Operating Income $13,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,995

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 445101037
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 21.68
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 1595.00
  • Gross Multiplier: 8.87
  • Gross Scheduled Income: 19140.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 13140.00
  • 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: 6000.00
  • Rent Control: No
  • Total Actual Rent: 1595.00

Tax Info

  • Tax Lot: A
  • Tax Tract Number: 25086

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2017
Closed on
May 26, 2017
Sold by
Mah Terry A
Bought by
Wan Mah Inness
Seller's Agent
Diane Hilgenberg
Century 21 Affiliated
Buyer's Agent
Dana Barnes
NON-MEMBER/NBA or BTERM OFFICE
List Price
$240,000
Sold Price
$218,000
Premium/Discount to List
-$22,000
-9.17%
Current Estimated Value
$415,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,668
Avg. Annual Appreciation
8.00%
Original Mortgage
$163,875
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2017
Sold by
Dennis Gregory A
Bought by
Wan Mah Inness

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,875
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2015
Sold by
Lin Jianming and Feng Li Ping
Bought by
Dennis Gregory A

Purchase Details

Listed on
Dec 14, 2012
Closed on
Jan 18, 2013
Sold by
First David W
Bought by
Hlin Jianming and Feng Li Ping
Seller's Agent
Robert Chesvick
Coldwell Banker Kivett-Teeters
Buyer's Agent
JERRY YAN
IRN REALTY
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%

Purchase Details

Closed on
Aug 30, 2012
Sold by
First David W
Bought by
First David W

Purchase Details

Closed on
Oct 18, 1999
Sold by
Paul Ben E and Paul Barbara R
Bought by
First Doris M
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed -- Chicago Title Company
Grant Deed $225,000 Chicago Title Company
Grant Deed $170,000 Lawyers Title
Grant Deed $135,000 First American Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $72,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $245,000 New Conventional
Previous Owner $163,875 Commercial
Previous Owner $50,000 Commercial
Previous Owner $32,000 Unknown
Previous Owner $12,500 Commercial
Previous Owner $40,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2017 06/04/17 Sold $218,000 -9.2% $109 / Sq Ft
05/04/2017 05/04/17 For Sale $240,000 +10.1% $120 / Sq Ft
05/03/2017 05/03/17 Off Market $218,000 -- --
04/28/2017 04/28/17 For Sale $240,000 0.0% $120 / Sq Ft
04/02/2017 04/02/17 Pending -- -- --
03/29/2017 03/29/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $240,000 +41.2% $120 / Sq Ft
06/23/2015 06/23/15 Sold $170,000 +0.1% $96 / Sq Ft
03/18/2015 03/18/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $169,900 +25.9% $96 / Sq Ft
02/01/2013 02/01/13 Sold $135,000 -9.9% $77 / Sq Ft
01/13/2013 01/13/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $149,900 -- $85 / 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
2023 $2,995 $250,987 $39,041 $211,946
2022 $2,903 $246,067 $38,276 $207,791
2021 $2,856 $241,243 $37,526 $203,717
2020 $2,834 $238,771 $37,142 $201,629
2019 $2,774 $234,090 $36,414 $197,676
2018 $2,690 $229,500 $35,700 $193,800
2017 $2,107 $176,042 $36,243 $139,799
2016 $2,092 $172,591 $35,533 $137,058
2015 $1,720 $138,319 $30,737 $107,582
2014 $1,646 $135,612 $30,136 $105,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15009145

California Regional Multiple Listing Service (CRMLS)

APN: 445-101-037