Seller's Agent in 2014
Tony Burton CCIM
Burton Commercial, Inc.
(951) 375-7433
8 Total Sales
1127 Olive Tree Ln Hemet, CA 92543
Hemet AreaEstimated Value: $351,609 - $511,000
1
Bed
1
Bath
1,848
Sq Ft
$234/Sq Ft
Est. Value
About This Home
As of August 2014This is a really nice triplex that performs extremely well. At a competitive $60K per unit, on actual income & expenses it puts out a 8.33 GRM and a 7.13 cap rate. Put in market financing and you have a cash on cash return of almost 11%! Also, these units have a history of staying 100% occupied. This is due to the attractive amenities of a breakfast bar, laundry hook ups, private carport for each unit, forced heat & air, private carports for each unit, and private patios in each unit. Further, these fine units are located on a quiet cul de sac just off of San Jacinto Street, close to shopping and schools. Please see Supplements for cash flow analysis, aerial, and site plan. MUST BE SOLD WITH ADJACENT 4 UNITS AT 1105 OLIVE TREE LANE. SEE PARCEL MAP AND AERIAL IN SUPPLEMENTS. Please see triplex comp (attached in Supplements) on same street, almost next door for $35,000 more!!
Last Agent to Sell the Property
Burton Commercial, Inc. License #01014173 Listed on: 07/19/2014
Last Buyer's Agent
Adrian Revel
Revel Realty Group License #01725184
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 6,970 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 3 Car Garage
Home Design
- 1,848 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 2962
- Assessor Parcel Number 447173030
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $200
- Insurance Expense $780
- Professional Management Expense $1,436
- Trash Expense $586
- Water Sewer Expense $2,547
- New Taxes Expense $2,142
- Gross Income $1,800
- Net Operating Income $12,829
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 24, 2018
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jul 19, 2014
Closed on
Aug 19, 2014
Sold by
Bought by
Seller's Agent
Tony Burton CCIM
Burton Commercial, Inc.
Buyer's Agent
Adrian Revel
Revel Realty Group
List Price
$180,000
Sold Price
$171,000
Premium/Discount to List
-$9,000
-5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
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
$77,500
Interest Rate
4.11%
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
$135,000
Interest Rate
5.18%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 1998
Sold by
Bought by
Purchase Details
Closed on
Aug 8, 1995
Sold by
Bought by
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 |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| -- | Pacific Coast Title Company | ||
| $171,000 | Pacific Coast Title Company | ||
| -- | -- | ||
| $180,000 | Chicago Title Co | ||
| -- | -- | ||
| $370,000 | Orange Coast Title |
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 |
|---|---|---|---|
| Previous Owner | $77,500 | ||
| Previous Owner | $135,000 |
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 |
|---|---|---|---|---|
| 08/27/2014 08/27/14 | Sold | $171,000 | -5.0% | $93 / Sq Ft |
| 07/23/2014 07/23/14 | Pending | -- | -- | -- |
| 03/31/2014 03/31/14 | For Sale | $180,000 | -- | $97 / 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 | $2,413 | $209,616 | $42,899 | $166,717 |
| 2025 | $2,366 | $205,507 | $42,058 | $163,449 |
| 2023 | $2,366 | $197,529 | $40,426 | $157,103 |
| 2022 | $2,294 | $193,657 | $39,634 | $154,023 |
| 2021 | $2,257 | $189,860 | $38,857 | $151,003 |
| 2020 | $2,241 | $187,914 | $38,459 | $149,455 |
| 2019 | $2,193 | $184,230 | $37,706 | $146,524 |
| 2018 | $2,127 | $180,618 | $36,967 | $143,651 |
| 2017 | $2,103 | $177,078 | $36,243 | $140,835 |
| 2016 | $2,088 | $173,607 | $35,533 | $138,074 |
| 2015 | $2,095 | $171,000 | $35,000 | $136,000 |
| 2014 | $2,466 | $208,759 | $40,588 | $168,171 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton CCIM
-
A
Buyer's Agent in 2014
Adrian Revel
Revel Realty Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW14065077
APN: 447-173-030
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.
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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