NOT LISTED FOR SALE

1265 W Devonshire Ave Hemet, CA 92543

Estimated Value: $585,000 - $726,092

8 Beds
7 Baths
3,500 Sq Ft
$186/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $500,000 $143 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,846/month

55 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Laundry Room
  • Lawn
  • Evaporated cooling system
  • Parking Storage or Cabinetry

About This Home

As of November 2020

!! 4-UNIT INVESTMENT PROPERTY* The three front units are 2br 1.5 bath, 2 story, each with fenced back yard. The upstairs back unit is 2br with 1 bath and balcony. Two units recently rehabbed with hard flooring (tile/Laminate) New cabinets in Kitchen as well as counters and bathroom vanity. Unit C has new Bonaire Cooler flat fit see photo. Each unit has own carport and storage attached to building. Large patio area and laundry room. This property has 4-separate electric meters.

Last Agent to Sell the Property

Kathy Schwab

AWESON REALTY License #00635012 Listed on: 07/16/2020

Last Buyer's Agent

Jesse Solorzano

Logic Properties Inc. License #01714959

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Fence is in fair condition
  • Landscaped
  • Rectangular Lot
  • Lawn
  • Back and Front Yard

Home Design

  • Apartment

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Granite Countertops
  • Tile Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Car Garage
  • 4 Attached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 3070
  • Assessor Parcel Number 442071021

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $600
  • Insurance Expense $2,099
  • Other Expense $450
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • Operating Expense $5,688
  • Gross Income $49,800
  • Net Operating Income $44,112

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 442071021
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Laminate Counters, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 142.86
  • Room Type: All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Fair Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Attached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Range Hood
  • Heating Type: Central, Forced Air
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s), Evaporative Cooling, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Rectangular Lot
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 810 Square Feet
  • Electric Expense: 600.00
  • Fuel Expense: 600.00
  • Gross Income: 49800.00
  • Gross Scheduled Income: 49800.00
  • Insurance Expense: 2099.30
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 44112.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 5688.00
  • Other Expense: 450.00
  • Other Expense Description: backflow
  • Rent Control: No
  • Total Expenses: 5688.00

Tax Info

  • Tax Census Tract: 434.05
  • Tax Lot: 1
  • Tax Tract Number: 3070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2023
Sold by
Solorzano Jose and Solorzano Ana
Bought by
Sadja Holdings Llc
Current Estimated Value
$649,523

Purchase Details

Closed on
Sep 23, 2020
Sold by
Papuri Ca Llc
Bought by
Solorzano Jose and Solorzano Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2016
Sold by
Finnegan Don L
Bought by
Papuri Ca Llc
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
Sadja Holdings Llc -- --
Solorzano Jose $500,000 Stewart Title Of Ca Inc
Papuri Ca Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solorzano Jose $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2020 11/25/20 Sold $500,000 -3.8% $143 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
08/24/2020 08/24/20 Price Changed $520,000 0.0% $149 / Sq Ft
08/24/2020 08/24/20 For Sale $520,000 +1.0% $149 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $515,000 -- $147 / 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 $6,119 $541,216 $135,304 $405,912
2023 $6,119 $520,200 $130,050 $390,150
2022 $5,925 $510,000 $127,500 $382,500
2021 $5,827 $500,000 $125,000 $375,000
2020 $4,069 $346,375 $86,593 $259,782
2019 $3,981 $339,585 $84,896 $254,689
2018 $3,859 $332,928 $83,232 $249,696
2017 $3,814 $326,400 $81,600 $244,800
2016 $3,059 $256,259 $61,493 $194,766
2015 $3,050 $252,412 $60,570 $191,842
2014 $2,916 $247,470 $59,385 $188,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20133881

California Regional Multiple Listing Service (CRMLS)

APN: 442-071-021

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