NOT LISTED FOR SALE

1275 W Oakland Ave Hemet, CA 92543

Estimated Value: $742,000 - $813,000

8 Beds
5 Baths
3,300 Sq Ft
$234/Sq Ft Est. Value

Last Sold January 03, 2022

Last sale price $660,000 $200 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,864/month

26 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Attached Carport
  • No HOA
  • Tile Flooring
  • Landscaped

About This Home

As of January 2022

Townhome look like apartments, all of them have been renovated within the last two years, 3 of them have back yards with pavers, 1 unit on the 2nd floor with big balcony, assign carports, well maintained landscaping

seller want to sell together with 1255 W Oakland Ave, Hemet

Last Agent to Sell the Property

Guadalupe Lechuga

Castillo Realty License #01194720 Listed on: 11/04/2021

Last Buyer's Agent

Scott Murillo

Scott Murillo Real Estate Services License #01710576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,890

Year Built

  • Built in 1973

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Front Yard Sprinklers
  • Private Yard
  • Garden
  • Back and Front Yard

Home Design

  • 3,300 Sq Ft Home
  • Quadruplex
  • Turnkey

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Parking

  • Attached Carport
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot C
  • Tax Tract Number 4378
  • Assessor Parcel Number 442304002
  • $145 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,245
  • Trash Expense $1,800
  • Water Sewer Expense $2,100
  • Operating Expense $5,145
  • Net Operating Income $46,522

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,890

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 161250
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: R3
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 442304002
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 200.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lot 6500-9999, Rectangular Lot, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 56220.00
  • Insurance Expense: 1245.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 46522.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 3
  • Number With Patio: 3
  • Number With Range: 4
  • Operating Expense: 5145.00
  • Rent Control: No
  • Total Actual Rent: 4685.00
  • Total Expenses: 5145.00
  • Vacancy Allowance: 4498

Tax Info

  • Tax Census Tract: 434.05
  • Tax Lot: C
  • Tax Tract Number: 4378
  • TaxOtherAnnualAssessmentAmount: 145.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Murillo Javier C and Murillo Juana S
Bought by
Murillo Family Trust and Murillo
Current Estimated Value
$772,056

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 7, 2021
Sold by
Quintero Evalia Carrillo
Bought by
Murillo Javier C and Murillo Juana S
Seller's Agent
Guadalupe Lechuga
Castillo Realty
Buyer's Agent
Scott Murillo
Scott Murillo Real Estate Services
List Price
$645,000
Sold Price
$660,000
Premium/Discount to List
$15,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Original Mortgage
$432,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2014
Sold by
Birdsall R Scott
Bought by
Quintero Evalia Carrillo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2011
Sold by
Honeywell Richard Dean
Bought by
Birdsall R Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,278
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 16, 2008
Sold by
Honeywell Wanda Lee and Honeywell Richard Dean
Bought by
Honeywell Richard Dean

Purchase Details

Closed on
Jul 2, 2002
Sold by
Honeywell Richard Dean and Honeywell Wanda Lee
Bought by
Honeywell Richard D and Honeywell Wanda

Purchase Details

Closed on
Jul 15, 1999
Sold by
Morgan Ava H
Bought by
Honeywell Richard Dean and Honeywell Wanda Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.12%
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
Murillo Family Trust -- First American Title
Murillo Javier C $660,000 Provident Title Company
Quintero Evalia Carrillo $247,000 Fidelity National Title
Birdsall R Scott -- Fnt
Honeywell Richard D -- --
Honeywell Richard Dean $75,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murillo Javier C $432,500
Previous Owner Quintero Evalia Carrillo $188,500
Previous Owner Quintero Evalia Carrillo $190,000
Previous Owner Quintero Evalia Carrillo $185,250
Previous Owner Birdsall R Scott $149,278
Previous Owner Honeywell Richard Dean $2,500
Previous Owner Honeywell Richard Dean $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $660,000 +2.3% $200 / Sq Ft
12/01/2021 12/01/21 For Sale $645,000 -2.3% $195 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/18/2021 11/18/21 Off Market $660,000 -- --
11/04/2021 11/04/21 For Sale $645,000 +161.1% $195 / Sq Ft
02/26/2015 02/26/15 Sold $247,000 -51.4% $75 / Sq Ft
11/25/2014 11/25/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $508,000 -- $154 / 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 $7,890 $700,396 $53,060 $647,336
2023 $7,890 $673,200 $51,000 $622,200
2022 $3,315 $279,729 $45,299 $234,430
2021 $3,262 $274,245 $44,411 $229,834
2020 $3,227 $271,434 $43,956 $227,478
2019 $3,159 $266,113 $43,095 $223,018
2018 $3,063 $260,896 $42,250 $218,646
2017 $3,028 $255,781 $41,422 $214,359
2016 $3,006 $250,766 $40,610 $210,156
2015 $3,042 $250,822 $41,803 $209,019
2014 $2,908 $245,911 $40,985 $204,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21242199

California Regional Multiple Listing Service (CRMLS)

APN: 442-304-002