NOT LISTED FOR SALE

1482 E Oakland Ave Hemet, CA 92544

Estimated Value: $352,310 - $477,000

6 Beds
4 Baths
1,664 Sq Ft
$258/Sq Ft Est. Value

Last Sold December 21, 2012

Last sale price $125,000 $75 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $2,374/month

52 Days on Market

About This Home

As of December 2012

Nice Bread and butter units. UNDER NO CIRCIMSTANCES IS BUYER OR AGENT TO GO ON PROPERTY OR CONTACT TENANTS. ALL OFFERS ARE TO BE WRITTEN SUBJECT TO INSPECTION.

Last Agent to Sell the Property

David Hale

Century 21 Masters License #00551090 Listed on: 08/01/2012

Century 21 Masters

Co-Listed By

Adele Sadler

Vogler Feigen Realty License #00855504

Last Buyer's Agent

John Torres

Excellence- The Real Estate Center License #00660178

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.27 Acre Lot
  • No Landscaping

Home Design

  • 1,664 Sq Ft Home
  • Bungalow
  • Stucco

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 130
  • Assessor Parcel Number 445080010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,200
  • Supplies Expense $120
  • Trash Expense $720
  • Water Sewer Expense $600
  • New Taxes Expense $1,562
  • Gross Income $1,500
  • Net Operating Income $360

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 11.20
  • Supplies Expense: 120.00
  • View: No
  • Water Sewer Expenses: 600.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 445080010
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 75.12

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 720.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1500.00
  • Gross Multiplier: 8.01
  • Gross Scheduled Income: 1300.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 11761.0000 Square Feet
  • Net Operating Income: 360.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Other Expense Description: 200
  • Vacancy Allowance Rate: 25.00

Tax Info

  • New Taxes Expense: 1562.00
  • Tax Area: 6130
  • Tax Block: 130
  • Tax Lot: 3
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2012
Closed on
Nov 30, 2012
Sold by
Smith Linda Saechong and Chong Smith Linda Sae
Bought by
Iribe Francisca
Seller's Agent
David Hale
Century 21 Masters
Buyer's Agent
John Torres
Excellence- The Real Estate Center
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$428,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,578
Avg. Annual Appreciation
9.86%

Purchase Details

Closed on
Apr 22, 2008
Sold by
Smith David E
Bought by
Chong Smith Linda Sae

Purchase Details

Closed on
Aug 7, 2007
Sold by
Orellana Otoniel
Bought by
Smith David E

Purchase Details

Closed on
Apr 20, 2006
Sold by
Orellana Sandra
Bought by
Orellana Otoniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,250
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2006
Sold by
Stromblad William G
Bought by
Orellana Otoniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,250
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2005
Sold by
Stromblad William G
Bought by
Stromblad William G and The William G Stromblad Living Trust

Purchase Details

Closed on
Nov 26, 2003
Sold by
Kimmell Dolores J
Bought by
Stromblad William G

Purchase Details

Closed on
Dec 22, 1994
Sold by
Falabrino Michael L
Bought by
M & C Commercial Realty Partners

Purchase Details

Closed on
Dec 20, 1994
Sold by
Falabrino Michael L
Bought by
Sofranko Christine
Source: Public Records

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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Purchase History

Date Buyer Sale Price Title Company
Iribe Francisca $125,000 Chicago Title Inland Empire
Chong Smith Linda Sae -- Provident Title Company
Smith David E $134,565 None Available
Orellana Otoniel -- Fnt
Orellana Otoniel $165,000 Fidelity National Title
Stromblad William G -- --
Stromblad William G -- Ticor Title
Stromblad William G $72,500 Ticor Title
M & C Commercial Realty Partners -- --
Sofranko Christine -- --
Falabrino Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orellana Otoniel $173,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2012 12/21/12 Sold $125,000 0.0% $75 / Sq Ft
09/22/2012 09/22/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $125,000 -- $75 / 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 $1,752 $153,911 $24,620 $129,291
2023 $1,752 $147,936 $23,665 $124,271
2022 $1,696 $145,036 $23,201 $121,835
2021 $1,668 $142,194 $22,747 $119,447
2020 $1,645 $140,737 $22,514 $118,223
2019 $1,610 $137,978 $22,073 $115,905
2018 $1,560 $135,274 $21,641 $113,633
2017 $1,542 $132,622 $21,217 $111,405
2016 $1,633 $130,022 $20,801 $109,221
2015 $1,539 $128,072 $20,490 $107,582
2014 $1,471 $125,566 $20,090 $105,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H747442

California Regional Multiple Listing Service (CRMLS)

APN: 445-080-010