NOT LISTED FOR SALE

1250 Valencia Ave Hemet, CA 92543

Estimated Value: $654,000 - $794,000

4 Beds
3 Baths
4,000 Sq Ft
$182/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $330,000 $82 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $4,370/month

2 Days on Market

About This Home

As of April 2016

A nice fourplex with great returns.

Last Agent to Sell the Property

Tony Burton

Burton Commercial, Inc. License #01014173 Listed on: 01/22/2016

Last Buyer's Agent

Tony Burton

Burton Commercial, Inc. License #01014173 Listed on: 01/22/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,795

Year Built

  • Built in 1980

Lot Details

  • 7,809 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 4,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot C8
  • Tax Tract Number 4378
  • Assessor Parcel Number 442304008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $720
  • Professional Management Expense $1,738
  • Trash Expense $396
  • Water Sewer Expense $2,500
  • New Taxes Expense $3,735
  • Gross Income $3,050
  • Net Operating Income $25,681

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,795

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Professional Management Expense: 1738.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Parcel Number: 442304008
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 82.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 396.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7809.00
  • Price Per Lot Square Foot: 42.26
  • Lot Size Acres: 0.1790

Multi Family

  • Gross Income: 3050.00
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 720.00
  • Lot Size Area: 7809.0000 Square Feet
  • Net Operating Income: 25681.00
  • 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: 9089.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3735.00
  • Tax Lot: C8
  • Tax Tract Number: 4378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2018
Sold by
Group Xiii Properties Lp
Bought by
Group V San Bernardino Lp
Current Estimated Value
$728,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,004,000
Outstanding Balance
$3,548,201
Interest Rate
4.9%
Mortgage Type
Commercial
Estimated Equity
-$2,839,431

Purchase Details

Closed on
Sep 14, 2017
Sold by
Petalver Christopher C
Bought by
Group Xiii Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 22, 2016
Closed on
Mar 18, 2016
Sold by
Nguyen Diana H Bui Nguyen
Bought by
P
Seller's Agent
Tony Burton
Burton Commercial, Inc.
Buyer's Agent
Tony Burton
Burton Commercial, Inc.
List Price
$360,000
Sold Price
$330,000
Premium/Discount to List
-$30,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$324,022
Interest Rate
3.68%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Bui Nguyen Diana H
Bought by
Bui Nguyen Diana H

Purchase Details

Closed on
Nov 19, 2009
Sold by
The Bank Of New York Mellon
Bought by
Bui James Quang and Bui Nguyen Diana H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,596
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2009
Sold by
Henderson Greg
Bought by
The Bank Of New York Mellon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,596
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Henderson Greg
Bought by
Jfa Ltd

Purchase Details

Closed on
May 17, 2005
Sold by
Henderson Dori
Bought by
Henderson Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2005
Sold by
Valencia Olive Llc
Bought by
Henderson Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2004
Sold by
Enayati Shahin and Enayati Carolena North
Bought by
Valencia Olive Llc

Purchase Details

Closed on
Mar 18, 2004
Sold by
Torres Rudy and Torres Joann
Bought by
Enayati Shahin and Enayati Carolena North

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2001
Sold by
Hud
Bought by
Torres Rudy and Torres Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2000
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Sep 12, 2000
Sold by
Salgado Adrian V
Bought by
Fleet Mtg Corp

Purchase Details

Closed on
Dec 3, 1998
Sold by
Stone Janet R
Bought by
Salgado Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,859
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Stone Janet R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,600
Interest Rate
6.9%
Mortgage Type
Commercial
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
Group V San Bernardino Lp -- Orange Coast Title Co
Group Xiii Properties Lp $370,000 Fidelity National Title Oran
P $330,000 Consumers Title Company
Bui Nguyen Diana H -- None Available
Bui Nguyen Diana H -- None Available
Bui James Quang $162,500 None Available
The Bank Of New York Mellon $118,915 Landsafe Title
Jfa Ltd -- Accommodation
Henderson Greg -- Commonwealth Land Title Co
Henderson Greg $580,000 Commonwealth Land Title Co
Valencia Olive Llc -- --
Enayati Shahin -- --
Enayati Shahin -- Orange Coast Title
Torres Rudy $85,000 Orange Coast Title
Hud $100,720 --
Fleet Mtg Corp $100,720 Fidelity National Title
Salgado Adrian $92,000 First American Title Co
Stone Janet R $59,500 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group V San Bernardino Lp $4,004,000
Previous Owner Group Xiii Properties Lp $370,000
Previous Owner P $324,022
Previous Owner Bui James Quang $113,596
Previous Owner Henderson Greg $464,000
Previous Owner Enayati Shahin $277,000
Previous Owner Torres Rudy $56,312
Previous Owner Torres Rudy $63,750
Previous Owner Salgado Adrian $42,475
Previous Owner Salgado Adrian $91,859
Previous Owner Stone Janet R $44,600
Closed Enayati Shahin $56,312
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2016 04/21/16 Sold $330,000 -8.3% $83 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $360,000 -- $90 / 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 $4,795 $420,992 $73,956 $347,036
2023 $4,795 $404,646 $71,085 $333,561
2022 $4,645 $396,713 $69,692 $327,021
2021 $4,569 $388,935 $68,326 $320,609
2020 $4,516 $384,948 $67,626 $317,322
2019 $4,419 $377,400 $66,300 $311,100
2018 $4,284 $370,000 $65,000 $305,000
2017 $3,939 $336,600 $61,200 $275,400
2016 $2,189 $179,134 $71,750 $107,384
2015 $2,183 $176,445 $70,673 $105,772
2014 $2,076 $172,991 $69,290 $103,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16037505

California Regional Multiple Listing Service (CRMLS)

APN: 442-304-008