NOT LISTED FOR SALE

120 W Latham Ave Hemet, CA 92543

Estimated Value: $439,000 - $513,000

4 Beds
3 Baths
1,500 Sq Ft
$317/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $280,000 $187 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,002/month

14 Days on Market

About This Home

As of August 2019

Great opportunity to own a triplex with cash flow! This Charming triplex boasts a 3 bedroom 2 bathroom with two individual 1 bedroom 1 bathroom homes. Located near shops and transportation. This opportunity wont last long at this great price!

Last Agent to Sell the Property

Cortney Thompson

America's Choice Properties License #01797072 Listed on: 07/17/2019

Last Buyer's Agent

George Ruiz

VIP RE Firm License #01781774

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1911

Lot Details

  • 0.35 Acre Lot
  • No Common Walls

Home Design

  • 1,500 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 13 / 5
  • Tax Tract Number 6001
  • Assessor Parcel Number 443194013

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $1,800
  • Water Sewer Expense $4,200
  • New Taxes Expense $3,500
  • Operating Expense $10,500
  • Gross Income $31,800
  • Net Operating Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,505

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Other Phone Description: 9512434601
  • Other Phone Ext: 434601
  • Other Phone Number: 9512434601
  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: R-3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 443194013
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 186.67

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15264.00
  • Lot Size Acres: 0.3504

Multi Family

  • Gross Income: 31800.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 15264.0000 Square Feet
  • Net Operating Income: 25800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6000.00
  • Rent Control: Yes
  • Total Actual Rent: 2650.00
  • Total Expenses: 10500.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Block: 5
  • Tax Census Tract: 434.01
  • Tax Lot: 13
  • Tax Tract Number: 006001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Aug 23, 2019
Sold by
Contreras Maria Guadalupe
Bought by
Contreras Miguel A
Seller's Agent
Cortney Thompson
America's Choice Properties
Buyer's Agent
George Ruiz
VIP RE Firm
List Price
$280,000
Sold Price
$280,000
Current Estimated Value
$494,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,974
Avg. Annual Appreciation
9.63%
Original Mortgage
$210,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2019
Closed on
Aug 5, 2019
Sold by
Rivera Armando C and Rivera Irma L
Bought by
Contreras Miguel A
Seller's Agent
Cortney Thompson
America's Choice Properties
Buyer's Agent
George Ruiz
VIP RE Firm
List Price
$280,000
Sold Price
$280,000

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
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2017
Sold by
Rivera Cynthia A
Bought by
Rivera Armando A and Rivera Irma L

Purchase Details

Closed on
May 9, 2011
Sold by
Rivera Armando C and Rivera Irma L
Bought by
Rivera Cynthia A

Purchase Details

Closed on
Mar 24, 2011
Sold by
Wells Fargo Bank Na
Bought by
Rivera Armando C and Rivera Irma L

Purchase Details

Closed on
Mar 8, 2011
Sold by
Fannie Mae
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 14, 2010
Sold by
Jimenez Franklin Daniel
Bought by
Fannie Mae

Purchase Details

Closed on
Jul 26, 2007
Sold by
Jimenez Franklin Daniel
Bought by
Jimenez Franklin Daniel and Jimenez Edgar Daniel

Purchase Details

Closed on
May 11, 2007
Sold by
Jaxx Too Inc
Bought by
Jimenez Franklin Daniel

Purchase Details

Closed on
Apr 19, 2005
Sold by
Broker Services Inc
Bought by
Jaxx Too Inc

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
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1996
Sold by
Choi Arlene and Salts Guy G
Bought by
Salts Guy G and Salts Harriet Jewell

Purchase Details

Closed on
Jul 14, 1994
Sold by
Parker Zane T and Parker Susan Ann
Bought by
Parker Susan A
Source: Public Records

Range of Values:

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Average Value
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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
Contreras Miguel A -- Chicago Title
Contreras Miguel A $280,000 Chicago Title Company
Rivera Armando A -- None Available
Rivera Cynthia A -- None Available
Rivera Armando C $62,000 Servicelink
Wells Fargo Bank Na -- First American Mortgage Serv
Fannie Mae $322,422 None Available
Jimenez Franklin Daniel -- Orange Coast Title
Jimenez Franklin Daniel $381,000 Orange Coast Title
Jaxx Too Inc $75,000 Orange Coast Title Co
Salts Guy G $108,489 Chicago Title Co
Parker Susan A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Miguel A $230,413
Closed Contreras Miguel A $210,000
Previous Owner Rivera Armando C $222,000
Previous Owner Jaxx Too Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $280,000 0.0% $187 / Sq Ft
07/17/2019 07/17/19 For Sale $280,000 -- $187 / 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 $3,505 $306,216 $65,616 $240,600
2023 $3,505 $294,327 $63,069 $231,258
2022 $3,396 $288,557 $61,833 $226,724
2021 $3,341 $282,900 $60,621 $222,279
2020 $3,305 $280,000 $60,000 $220,000
2019 $2,894 $244,494 $41,616 $202,878
2018 $2,809 $239,700 $40,800 $198,900
2017 $807 $68,832 $22,075 $46,757
2016 $800 $67,484 $21,643 $45,841
2015 $797 $66,472 $21,319 $45,153
2014 $763 $65,171 $20,902 $44,269
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Cortney Thompson

    America's Choice Properties

    (949) 215-3241

    5 Total Sales

    Section Image
  • George Ruiz

    Buyer's Agent in 2019

    George Ruiz

    VIP RE Firm

    (562) 746-9412

    90 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19170471

California Regional Multiple Listing Service (CRMLS)

APN: 443-194-013

California Riverside County Hemet 92543

120 W Latham Ave, Hemet, CA

This home is located at 120 W Latham Ave, Hemet, CA 92543 since 17 July 2019 and is currently estimated at $474,780, approximately $316 per square foot. This property was built in 1911. 120 W Latham Ave is a home located in Riverside County with nearby schools including Jacob Wiens Elementary School, Rancho Viejo Middle School, and Tahquitz High School.

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

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