NOT LISTED FOR SALE

113 E Kimball Ave Hemet, CA 92543

Downtown Hemet Neighborhood

Estimated Value: $361,000 - $469,029

5 Beds
3 Baths
2,000 Sq Ft
$205/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $285,000 $142 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,442/month

121 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • No Heating

About This Home

As of September 2019

Don't let the age fool you this asset is fresh off complete remodel. Recent leased with qualified tenants and ready for the savvy hands-off investor. Three different structures with one of them being a detached two-car garage. Other high density apartments nearby so very much conforming to the neighborhood.

Last Agent to Sell the Property

Jarrod Whitehorn

Jarrod Whitehorn, Broker License #01480456 Listed on: 03/25/2019

Last Buyer's Agent

Sheree Goulet

Century 21 Masters License #00713261

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 443311004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,800
  • Fuel Expense $600
  • Insurance Expense $2,000
  • Trash Expense $900
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,200
  • Operating Expense $13,300
  • Gross Income $32,220
  • Net Operating Income $18,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 443311004
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 142.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 4800.00
  • Fuel Expense: 600.00
  • Gross Income: 32220.00
  • Gross Operating Income: 32220.00
  • Gross Scheduled Income: 2685.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 18920.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13300.00
  • Rent Control: No
  • Total Expenses: 13300.00

Tax Info

  • New Taxes Expense: 3200.00
  • Tax Census Tract: 434.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2024
Sold by
Williams Sharmal
Bought by
Journey 2 Paris Trust and Williams
Current Estimated Value
$409,507

Purchase Details

Closed on
Nov 19, 2021
Sold by
Williams Sharmal L
Bought by
Williams Sharmal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2019
Closed on
Sep 20, 2019
Sold by
Access Asset Holdings Llc
Bought by
Williams Sharmal L
Seller's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
Buyer's Agent
Sheree Goulet
Century 21 Masters
List Price
$324,990
Sold Price
$285,000
Premium/Discount to List
-$39,990
-12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$213,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2019
Closed on
Sep 17, 2019
Sold by
Whitehorn Corrina
Bought by
Whitehorn Jarrod V
Seller's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
Buyer's Agent
Sheree Goulet
Century 21 Masters
List Price
$324,990
Sold Price
$285,000
Premium/Discount to List
-$39,990
-12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2018
Sold by
Roalf Craig R
Bought by
Whitehorn Jarrod V

Purchase Details

Closed on
May 23, 2008
Sold by
Roalf Anita E
Bought by
Roalf Craig R E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Journey 2 Paris Trust -- None Listed On Document
Williams Sharmal -- Corinthian Title Company
Williams Sharmal L $285,000 First American Title
Lunnen James -- First American Title Company
Angel Nicholas -- First American Title
Whitehorn Jarrod V -- First American Title Company
Access Asset Holdings Llc -- First American Title Co
Whitehorn Jarrod V $135,000 First American Title Company
Roalf Craig R E -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Sharmal $219,000
Previous Owner Williams Sharmal L $213,750
Previous Owner Roalf Craig R E $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $285,000 -3.4% $143 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
07/08/2019 07/08/19 Price Changed $294,990 -1.7% $147 / Sq Ft
05/30/2019 05/30/19 Price Changed $299,990 -7.7% $150 / Sq Ft
03/25/2019 03/25/19 For Sale $324,990 -- $162 / 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 $3,613 $318,135 $65,616 $252,519
2023 $3,613 $299,583 $63,069 $236,514
2022 $3,431 $293,710 $61,833 $231,877
2021 $3,375 $287,952 $60,621 $227,331
2020 $3,344 $285,000 $60,000 $225,000
2019 $1,667 $137,700 $40,800 $96,900
2018 $915 $72,213 $24,333 $47,880
2017 $905 $70,798 $23,856 $46,942
2016 $899 $69,411 $23,389 $46,022
2015 $897 $68,371 $23,039 $45,332
2014 $861 $67,034 $22,589 $44,445
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jarrod Whitehorn

    Jarrod Whitehorn, Broker

    (951) 378-4996

    192 Total Sales

    Jarrod Whitehorn
    Section Image
  • Sheree Goulet

    Buyer's Agent in 2019

    Sheree Goulet

    Century 21 Masters

    (909) 464-2000

    44 Total Sales

    Sheree Goulet
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19065934

California Regional Multiple Listing Service (CRMLS)

APN: 443-311-004

California Riverside County Hemet 92543 Downtown Hemet

113 E Kimball Ave, Hemet, CA

Not Listed for Sale

MultiFamily

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