NOT LISTED FOR SALE

130 N Gilbert St Hemet, CA 92543

Estimated Value: $480,000 - $558,000

6 Beds
3 Baths
2,100 Sq Ft
$253/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $400,000 $190 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,276/month

3 Days on Market

Highlights

  • Central Air
  • No Heating
  • 1-Story Property
  • Level Lot

About This Home

As of April 2021

Large triplex all individually metered for Electric and gas! Each unit also has their own attached garage and a nice courtyard. Current rents are generating over $30,000 gross/income annually. Centrally located in Hemet and close to Florida these units are easily accessed and convenient. The units themselves have been under professional property management and the seller intends to sell with no outstanding repair requests from current tenants. The 2 bedroom 1 bath units also feature their own private backyards in the rear as well. At under 125K/unit these are priced to move quickly!

Last Agent to Sell the Property

Jarrod Whitehorn

Jarrod Whitehorn, Broker License #01480456 Listed on: 02/26/2021

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,904

Year Built

  • Built in 1961

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 9 / 9
  • Tax Tract Number 1
  • Assessor Parcel Number 443221009

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,225
  • Trash Expense $660
  • Water Sewer Expense $3,300
  • New Taxes Expense $4,000
  • Operating Expense $9,185
  • Gross Income $30,540
  • Net Operating Income $21,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,904

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: C1
  • Property Type: Residential Income
  • Parcel Number: 443221009
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 190.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 660.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 30540.00
  • Gross Scheduled Income: 30540.00
  • Insurance Expense: 1225.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 21355.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9185.00
  • Rent Control: Yes
  • Total Expenses: 9185.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Block: 9
  • Tax Census Tract: 434.01
  • Tax Lot: 9
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Golden Opportunity No 28 Lp
Bought by
Llidan 28 Lp
Current Estimated Value
$523,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 26, 2021
Closed on
Apr 1, 2021
Sold by
Ananias Paul T
Bought by
Golden Opportunity No 28 Lp
Seller's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$374,990
Sold Price
$400,000
Premium/Discount to List
$25,010
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Dec 14, 2017
Sold by
Freedom Real Estate Solutions Llc
Bought by
The Paul T Ananias Trust

Purchase Details

Closed on
Oct 23, 2014
Sold by
Stock Eugene A
Bought by
Freedom Real Estate Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,995
Interest Rate
4.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Llidan 28 Lp -- Accommodation
Golden Opportunity No 28 Lp $800,000 First American Title Company
The Paul T Ananias Trust $400,000 First American Title Company
Freedom Real Estate Solutions Llc $276,000 Title365 Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azeroth 28 Lp $1,800,000
Previous Owner Llidan 28 Lp $100,000
Previous Owner Freedom Real Estate Solutions Llc $137,995
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2021 04/06/21 Sold $400,000 +6.7% $190 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $374,990 -- $179 / 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 $4,904 $432,971 $108,242 $324,729
2023 $4,904 $416,160 $104,040 $312,120
2022 $4,749 $214,438 $53,609 $160,829
2021 $2,508 $210,234 $52,558 $157,676
2020 $2,483 $208,080 $52,020 $156,060
2019 $2,430 $204,000 $51,000 $153,000
2018 $1,750 $145,756 $31,687 $114,069
2017 $1,730 $142,899 $31,066 $111,833
2016 $1,718 $140,098 $30,457 $109,641
2015 $1,700 $137,995 $30,000 $107,995
2014 $1,005 $79,913 $31,965 $47,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21040753

California Regional Multiple Listing Service (CRMLS)

APN: 443-221-009