NOT LISTED FOR SALE

1265 Olive Tree Ln Hemet, CA 92543

Estimated Value: $578,000 - $807,277

1 Bed
1 Bath
784 Sq Ft
$865/Sq Ft Est. Value

Last Sold September 29, 2018

Last sale price $475,000 $606 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,991/month

Highlights

  • No HOA
  • Eat-In Kitchen
  • Living Room
  • Neighborhood Views
  • Patio
  • Central Heating

About This Home

As of February 2025

CHARMING 1 BEDROOM 1 BATHROOM FIRST FLOOR APARTMENT. THIS UNIT IS LOCATED INSIDE A PRIVATE GATED AREA. THE LIVING ROOM AND DINING AREA ARE RIGHT OFF THE KITCHEN.THERE IS PLENTY OF NATURAL LIGHT WITH THE SLIDING GLASS DOOR IN THE LIVING ROOM. THE SPACIOUS KITCHEN IS LOTS OF COUNTER SPACE AND CABINETS. THE BATHROOM HAS A SHOWER AND TUB COMBO WITH A SINGLE VANITY. THE BEDROOM IS BRIGHT, HAS A LARGE CLOSET, AND ACCESS TO THE PRIVATE PATIO.

Last Agent to Rent the Property

DRAKE MARTIN

COBALT PROPERTY MANAGEMENT Brokerage Phone: 855-855-5910 License #01914793 Listed on: 01/03/2025

Last Renter's Agent

DRAKE MARTIN

COBALT PROPERTY MANAGEMENT Brokerage Phone: 855-855-5910 License #01914793 Listed on: 01/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space

Outdoor Features

  • Patio

Utilities

  • Central Heating
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Security Deposit $1,400
  • Rent includes trash collection, water
  • 12-Month Minimum Lease Term
  • Available 1/22/25
  • Tax Lot 22
  • Tax Tract Number 2962
  • Assessor Parcel Number 447173022

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

6,970 Sq Ft Lot

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-01-22
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 1400
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 447173022
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 784.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.79
  • Room Type: Living Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Census Tract: 434.03
  • Tax Lot: 22
  • Tax Tract Number: 2962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Cutler Brian Charles & Adriana Plaza
Bought by
Cutler Family Trust
Current Estimated Value
$677,819

Purchase Details

Listed on
Jan 17, 2018
Closed on
Aug 1, 2018
Sold by
Newman Potas Harvel
Bought by
Cutler Brian Charles and Cutler Adriana
Seller's Agent
Michael Nash
Michael Nash, Broker
Buyer's Agent
DARLENE REYES
LEGACY HOMES & LOANS
List Price
$550,000
Sold Price
$475,000
Premium/Discount to List
-$75,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$356,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2016
Closed on
Apr 28, 2016
Sold by
White Star Capital Llc
Bought by
Newman Potas Harvel
Seller's Agent
Martin Bennett
HomeBay Broker CA, Inc
Buyer's Agent
Michael Nash
Michael Nash, Broker
List Price
$365,000
Sold Price
$355,000
Premium/Discount to List
-$10,000
-2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.31%
Original Mortgage
$366,715
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2014
Sold by
Davis Shawn and Acfalle Lamar
Bought by
White Star Capital Llc

Purchase Details

Closed on
Mar 23, 2006
Sold by
Winn Dennis and Winn Connie
Bought by
Davis Shawn and Acfalle Lamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 3, 2001
Sold by
Milosavljevic Miodrag and Milosavljevic Vinka
Bought by
G & R Walker Corp

Purchase Details

Closed on
May 9, 1994
Sold by
Northeast Svgs Fa
Bought by
American Custody Corp
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

Date Buyer Sale Price Title Company
Cutler Family Trust -- --
Cutler Brian Charles $475,000 Equity Title
Newman Potas Harvel $355,000 Old Republic Title Company
White Star Capital Llc $229,000 Old Republic Title Company
Davis Shawn $540,000 Commonwealth Land Title Co
G & R Walker Corp $483,000 Orange Coast Title
American Custody Corp $100,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cutler Brian Charles $356,250
Previous Owner Newman Potas Harvel $366,715
Previous Owner Davis Shawn $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2025 02/07/25 Rented $1,400 0.0% --
01/03/2025 01/03/25 For Rent $1,400 -6.4% --
07/23/2024 07/23/24 Rented $1,495 0.0% --
05/13/2024 05/13/24 For Rent $1,495 -6.3% --
07/28/2023 07/28/23 Rented $1,595 0.0% --
01/26/2023 01/26/23 For Rent $1,595 0.0% --
09/29/2018 09/29/18 Sold $475,000 -3.1% $167 / Sq Ft View Prior Sale
07/12/2018 07/12/18 Price Changed $490,000 -6.7% $173 / Sq Ft
07/12/2018 07/12/18 Price Changed $525,000 -4.5% $185 / Sq Ft
07/08/2018 07/08/18 Pending -- -- --
06/08/2018 06/08/18 Price Changed $549,999 0.0% $194 / Sq Ft
05/23/2018 05/23/18 For Sale $550,000 +15.8% $194 / Sq Ft
05/09/2018 05/09/18 Off Market $475,000 -- --
01/17/2018 01/17/18 For Sale $550,000 +54.9% $194 / Sq Ft
05/31/2016 05/31/16 Sold $355,000 -2.7% $118 / Sq Ft View Prior Sale
05/18/2016 05/18/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $365,000 +59.4% $122 / Sq Ft
05/29/2015 05/29/15 Sold $229,000 +0.4% $69 / Sq Ft View Prior Sale
09/29/2014 09/29/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $228,000 -- $69 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,984 $529,866 $172,902 $356,964
2023 $5,984 $509,292 $166,189 $343,103
2022 $5,794 $499,307 $162,931 $336,376
2021 $5,699 $489,518 $159,737 $329,781
2020 $5,634 $484,500 $158,100 $326,400
2019 $5,512 $475,000 $155,000 $320,000
2018 $4,264 $369,342 $72,828 $296,514
2017 $4,213 $362,100 $71,400 $290,700
2016 $2,785 $232,491 $50,762 $181,729
2015 $2,858 $236,000 $65,000 $171,000
2014 $2,582 $218,000 $65,000 $153,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24254647

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-022

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