NOT LISTED FOR SALE

1105 Olive Tree Ln Hemet, CA 92543

Hemet Area

Estimated Value: $578,759 - $759,000

2 Beds
1 Bath
3,200 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2014

Last sale price $267,000 $83 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $4,175 / mo

114 Days on Market

About This Home

As of August 2014

This fourplex consists of very highly desired rentable units. Besides the roomy 2 bedroom one bath units, each unit has its own private backyard (except for Unit #D) and patio. Tenants have the comforts of a single family residence without having to pay for it. These month to month rents on actual income and expenses perform at credible 9.33 GRM and a 6.50 Cap (see Supplements). However, market rents at $750 monthly are $125 monthly above the monthly $625 monthly the tenants are paying. At market rents, this investment performs at a 8.53 cap and a 7.77 GRM! Other amenities include forced heat & air, breakfast bar, & private carports for each unit. Please note that Unit #D, doesn't have a private yard, but has a very large private patio. This fourplex must be sold with the Triplex next door at 1127 Olive Tree. Please see aerial map and parcel map in Supplements for details.

Last Agent to Sell the Property

Tony Burton CCIM

Burton Commercial, Inc. License #01014173 Listed on: 07/19/2014

Last Buyer's Agent

Adrian Revel

Revel Realty Group License #01725184

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,199 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 2962
  • Assessor Parcel Number 447173031

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $86
  • Gardener Expense $200
  • Insurance Expense $1,374
  • Professional Management Expense $1,995
  • Trash Expense $929
  • Water Sewer Expense $2,424
  • New Taxes Expense $3,304
  • Gross Income $2,500
  • Net Operating Income $18,188

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

9,199 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 6.50
  • Professional Management Expense: 1995.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2424.00
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 447173031
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 83.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 929.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9199.00
  • Lot Size Acres: 0.2110

Multi Family

  • Electric Expense: 86.00
  • Gross Income: 2500.00
  • Gross Multiplier: 9.33
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1374.00
  • Lot Size Area: 9199.0000 Square Feet
  • Net Operating Income: 18188.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10312.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3304.00
  • Tax Lot: 12
  • Tax Tract Number: 2962
  • Tax Year: 2013

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
Dec 8, 2021
Sold by
Bought by
Current Estimated Value
$670,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Outstanding Balance
$276,025
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$394,665

Purchase Details

Closed on
Nov 5, 2021
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
$307,000
Outstanding Balance
$276,025
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$394,665

Purchase Details

Closed on
Apr 14, 2014
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
$200,250
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2003
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
$210,000
Interest Rate
5.18%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1998
Sold by
Bought by
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
-- Stewart Title Of Ca Inc
$485,000 Stewart Title Of Ca Inc
$267,000 Pacific Coast Title Company
-- --
$280,000 Chicago Title Co
-- --
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 $307,000
Previous Owner $200,250
Previous Owner $210,000
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
08/22/2014 08/22/14 Sold $267,000 -4.6% $83 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $280,000 -- $88 / 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 $5,947 $524,978 $200,249 $324,729
2025 $5,832 $514,685 $196,323 $318,362
2023 $5,832 $494,700 $188,700 $306,000
2022 $5,648 $485,000 $185,000 $300,000
2021 $3,514 $296,452 $55,513 $240,939
2020 $3,484 $293,413 $54,944 $238,469
2019 $3,409 $287,661 $53,867 $233,794
2018 $3,306 $282,021 $52,812 $229,209
2017 $3,268 $276,492 $51,777 $224,715
2016 $3,244 $271,071 $50,762 $220,309
2015 $3,235 $267,000 $50,000 $217,000
2014 $3,800 $324,742 $57,987 $266,755
Source: Public Records

Agents Affiliated with this Home

  • Tony Burton CCIM Real Estate Agent - Burton Commercial, Inc.

    Seller's Agent in 2014

    Tony Burton CCIM

    Burton Commercial, Inc.

    (951) 375-7433

    8 Total Sales

    Tony Burton CCIM
    Section Image

  • A

    Buyer's Agent in 2014

    Adrian Revel

    Revel Realty Group

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14065243

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-031

California Riverside County Hemet 92543

1105 Olive Tree Ln, Hemet, CA

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.