NOT LISTED FOR SALE

1250 Valencia Ave Hemet, CA 92543

Estimated Value: $683,748 - $738,000

4 Beds
3 Baths
4,000 Sq Ft
$175/Sq Ft Est. Value

Sale Details

Date Sold: April 21, 2016

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

Est. 112% increase in value since last sale

Current estimated payment $4,161 / mo

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

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

Year Built

Built in 1980

Lot Details

7,809 Sq Ft Lot

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

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
Dec 12, 2018
Sold by
Bought by
Current Estimated Value
$700,437

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
$3,507,214
Interest Rate
4.9%
Mortgage Type
Commercial
Estimated Equity
-$2,806,777

Purchase Details

Closed on
Sep 14, 2017
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
$370,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 22, 2016
Closed on
Mar 18, 2016
Sold by
Bought by
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
7.64%
Original Mortgage
$324,022
Interest Rate
3.68%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2009
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
$113,596
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2009
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
$113,596
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by

Purchase Details

Closed on
May 17, 2005
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
$464,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2005
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
$464,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 2004
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
$277,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2001
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
$63,750
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 1998
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
$91,859
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 1996
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
$44,600
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
-- Orange Coast Title Co
$370,000 Fidelity National Title Oran
$330,000 Consumers Title Company
-- None Available
-- None Available
$162,500 None Available
$118,915 Landsafe Title
-- Accommodation
-- Commonwealth Land Title Co
$580,000 Commonwealth Land Title Co
-- --
-- --
-- Orange Coast Title
$85,000 Orange Coast Title
$100,720 --
$100,720 Fidelity National Title
$92,000 First American Title Co
$59,500 Investors Title Company
$73,025 American Title Ins Co
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
Open $4,004,000
Previous Owner $370,000
Previous Owner $324,022
Previous Owner $113,596
Previous Owner $464,000
Previous Owner $277,000
Previous Owner $63,750
Previous Owner $91,859
Previous Owner $44,600
Closed $56,312
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
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

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
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

  • T

    Seller's Agent in 2016

    Tony Burton

    Burton Commercial, Inc.

    (951) 375-7433

    6 Total Sales

    Tony Burton
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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

California Riverside County Hemet 92543

1250 Valencia Ave, Hemet, CA

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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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