Seller's Agent in 2025
Kristopher German
RE/MAX
(909) 645-0443
123 Total Sales
4
Beds
4
Baths
2,472
Sq Ft
9,538
Sq Ft Lot
Highlights
- Golf Course Community
- Cooling System Mounted To A Wall/Window
- Bike Trail
- No HOA
- Horse Trails
- Block Wall Fence
About This Home
As of September 2025We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring—resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don’t miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 07/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,127
Year Built
- Built in 1956
Lot Details
- 9,538 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 2,472 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5-P / 445
- Tax Tract Number 102
- Assessor Parcel Number 445102016
- $58 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Golf Course Community
- Horse Trails
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $147
- Insurance Expense $3,840
- Maintenance Expense $3,230
- Trash Expense $919
- Water Sewer Expense $1,988
- New Taxes Expense $6,876
- Operating Expense $17,450
- Gross Income $66,600
- Net Operating Income $47,151
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 5, 2019
Sold by
Cmg Assets 1 Llc
Bought by
Mcm Prosperity Llc
Purchase Details
Closed on
May 3, 2019
Sold by
Cmg Assets 1 Llc
Bought by
State Of California Department Of Transp
Purchase Details
Closed on
Sep 15, 2015
Sold by
Capitalist Masters Group Llc
Bought by
Cmg Assets-1 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,500
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Mar 3, 2015
Closed on
May 14, 2015
Sold by
Wilson Julian Lee
Bought by
Mastergroup Capitalist
Seller's Agent
Larry Bubley
Brubaker Culton R.E. & Dev.
Buyer's Agent
Larry Bubley
Brubaker Culton R.E. & Dev.
List Price
$169,000
Sold Price
$149,900
Premium/Discount to List
-$19,100
-11.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.18%
Purchase Details
Closed on
Aug 10, 1999
Sold by
Pff Bank & Trust
Bought by
Wilson James E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $640,000 | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Lawyers Title Ie | |
| Grant Deed | $150,000 | Orange Coast Title Company | |
| Grant Deed | $60,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,215,500 | Purchase Money Mortgage | |
| Previous Owner | $48,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $585,000 | -1.7% | $237 / Sq Ft | |
| 08/01/2025 08/01/25 | Pending | -- | -- | -- | |
| 07/02/2025 07/02/25 | For Sale | $595,000 | +296.9% | $241 / Sq Ft | |
| 06/09/2015 06/09/15 | Sold | $149,900 | 0.0% | $75 / Sq Ft | View Prior Sale |
| 05/13/2015 05/13/15 | Off Market | $149,900 | -- | -- | |
| 04/01/2015 04/01/15 | Price Changed | $150,000 | -11.2% | $75 / Sq Ft | |
| 03/03/2015 03/03/15 | For Sale | $169,000 | -- | $85 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,127 | $367,460 | $117,018 | $250,442 |
| 2023 | $4,127 | $353,193 | $112,475 | $240,718 |
| 2022 | $3,994 | $346,269 | $110,270 | $235,999 |
| 2021 | $3,928 | $339,480 | $108,108 | $231,372 |
| 2020 | $3,935 | $336,000 | $107,000 | $229,000 |
| 2019 | $1,952 | $161,498 | $53,868 | $107,630 |
| 2018 | $1,894 | $158,332 | $52,812 | $105,520 |
| 2017 | $1,872 | $155,228 | $51,777 | $103,451 |
| 2016 | $1,859 | $152,185 | $50,762 | $101,423 |
| 2015 | $1,009 | $76,711 | $44,750 | $31,961 |
| 2014 | $968 | $75,210 | $43,874 | $31,336 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Matthew Freeland
M
Buyer's Agent in 2025
Matthew Freeland
Pacific Cove Estates
(949) 923-0804
10 Total Sales
-
L
Seller's Agent in 2015
Larry Bubley
Brubaker Culton R.E. & Dev.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25148426
APN: 445-102-016
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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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