NOT LISTED FOR SALE

1275 Valencia Ave Hemet, CA 92543

Hemet Area

Estimated Value: $386,735 - $858,000

8 Beds
5 Baths
7,250 Sq Ft
$88/Sq Ft Est. Value

Sale Details

Date Sold: December 19, 2014

Last sale price $190,000 $26 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $3,723 / mo

63 Days on Market

About This Home

As of December 2014

This is a great 4 unit investment property with 3 2bd/1ba units and 1 2bd/2ba unit. Selling below the sellers purchase price. Managment company paid by HOA. Management company handles all rents. Dont miss the opportunity to purchase a 4 unit building with great income potential. 3 units currently not occupied.

Last Agent to Sell the Property

Rami Dhillon

Dhillon Realty Group Inc License #01347039 Listed on: 05/02/2014

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,250 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 7,250 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot E
  • Tax Tract Number 4378
  • Assessor Parcel Number 442305002

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $1,900
  • Gross Income $2,350
  • Net Operating Income $22,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

7,250 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 442305002
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 26.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7250.00
  • Lot Size Acres: 0.1660

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 2350.00
  • Gross Scheduled Income: 28200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7250.0000 Square Feet
  • Net Operating Income: 22380.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10720.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1900.00
  • Tax Lot: E
  • Tax Tract Number: 4378
  • Tax Year: 2013

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

Listed on
May 2, 2014
Closed on
Dec 12, 2014
Sold by
Bought by
Seller's Agent
Rami Dhillon
Dhillon Realty Group Inc
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%
Current Estimated Value
$637,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$447,434
Avg. Annual Appreciation
10.92%

Purchase Details

Closed on
May 2, 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
$381,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2003
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
$249,100
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2003
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
$249,100
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 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
$87,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 1999
Sold by
Bought by
Source: Public Records

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
$190,000 Chicago Title Company
-- Orange Coast Title
$319,000 Orange Coast Title Co
-- Orange Coast Title Co
-- Orange Coast Title
$116,000 Orange Coast Title
$80,000 Commonwealth Land Title 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
Previous Owner $106,000
Previous Owner $100,000
Previous Owner $381,000
Previous Owner $249,100
Previous Owner $53,935
Previous Owner $87,000
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
12/19/2014 12/19/14 Sold $190,000 -5.0% $26 / Sq Ft
05/22/2014 05/22/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $200,000 -- $28 / 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
2026 $2,714 $232,908 $79,678 $153,230
2025 $2,662 $228,342 $78,116 $150,226
2023 $2,662 $219,478 $75,084 $144,394
2022 $2,582 $215,175 $73,612 $141,563
2021 $2,540 $210,957 $72,169 $138,788
2020 $2,516 $208,794 $71,429 $137,365
2019 $2,463 $204,701 $70,029 $134,672
2018 $2,390 $200,688 $68,656 $132,032
2017 $2,363 $196,754 $67,310 $129,444
2016 $2,346 $192,897 $65,991 $126,906
2015 $2,339 $190,000 $65,000 $125,000
2014 $2,561 $215,000 $65,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Rami Dhillon Real Estate Agent - Dhillon Realty Group Inc

    Seller's Agent in 2014

    Rami Dhillon

    Dhillon Realty Group Inc

    (714) 606-7104

    45 Total Sales

    Rami Dhillon
    Section Image

  • M

    Buyer's Agent in 2014

    Mike Nijjar

    MZ BROKERAGE INC.

    (626) 575-0062

    Mike Nijjar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14057135

California Regional Multiple Listing Service (CRMLS)

APN: 442-305-002

California Riverside County Hemet 92543

1275 Valencia Ave, Hemet, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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