NOT LISTED FOR SALE

1865 E Devonshire Ave Hemet, CA 92544

Hemet Area

Estimated Value: $831,000 - $1,170,512

2 Beds
2 Baths
4,400 Sq Ft
$213/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2015

Last sale price $440,000 $100 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $5,588 / mo

134 Days on Market

Highlights

  • No Units Above
  • Shed
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • 8 Attached Carport Spaces

About This Home

As of August 2015

Unique 8 unit property!! Well maintained, FULLY OCCUPIED 1 bedroom, 1 bath units. Great curb appeal with freshly painted exterior and large lot. Property consists of two buildings with courtyard/walkway area in between. Each unit has separate utility meters, private patio area and individual washer hookup off of kitchen. One carport space for each unit with ample street parking. Common grassy area in back. PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Dana Anderson

Kimmell-Anderson Property Mng. License #00998181 Listed on: 07/13/2015

Last Buyer's Agent

David Covarrubias

MARCUS & MILLICHAP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 12,863 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Home Design

  • 4,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Gas Range
  • Laundry in Kitchen
  • Shed

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Assessor Parcel Number 445202025

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $360
  • Insurance Expense $1,600
  • Maintenance Expense $960
  • Professional Management Expense $5,040
  • Trash Expense $2,064
  • Water Sewer Expense $4,080
  • New Taxes Expense $5,000
  • Gross Income $4,200
  • Net Operating Income $30,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.3 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5040.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Security Lights
  • Water Sewer Expenses: 4080.00
  • Property Type: Residential Income
  • Parcel Number: 445202025
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Appliances: Yes
  • Price Per Square Foot: 100.00

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Unknown
  • Trash Expense: 2064.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 12863.00
  • Price Per Lot Square Foot: 34.21
  • Lot Size Acres: 0.2950

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 550
  • Electric Expense: 360.00
  • Gross Income: 4200.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 12863.0000 Square Feet
  • Maintenance Expense: 960.00
  • Net Operating Income: 30312.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 1674.00
  • Rent Control: No
  • Total Actual Rent: 4200.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 2
  • Tax Tract Number: 000
  • Tax Year: 2014

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
Jul 13, 2015
Closed on
Aug 18, 2015
Sold by
Bought by
Seller's Agent
Dana Anderson
Kimmell-Anderson Property Mng.
Buyer's Agent
David Covarrubias
MARCUS & MILLICHAP
List Price
$459,900
Sold Price
$440,000
Premium/Discount to List
-$19,900
-4.33%
Current Estimated Value
$936,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,878
Avg. Annual Appreciation
7.16%
Original Mortgage
$20,000,000
Interest Rate
0.0391%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 22, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2002
Sold by
Bought by

Purchase Details

Closed on
May 15, 2002
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
$317,200
Interest Rate
0.0689%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2000
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
$115,500
Interest Rate
0.065%
Mortgage Type
Commercial
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

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
$440,000 Chicago Title Company
-- None Available
-- None Available
-- --
$420,000 Chicago Title Co
$290,000 Chicago Title Co
$165,000 United Title
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
Open $375,000
Open $20,000,000
Previous Owner $350,000
Previous Owner $44,000
Previous Owner $317,200
Previous Owner $115,500
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
08/21/2015 08/21/15 Sold $440,000 -4.3% $100 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $459,900 -- $105 / 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
2025 $5,970 $520,863 $92,333 $428,530
2023 $5,970 $500,640 $88,749 $411,891
2022 $5,784 $490,824 $87,009 $403,815
2021 $5,690 $481,201 $85,303 $395,898
2020 $5,631 $476,268 $84,429 $391,839
2019 $5,511 $466,930 $82,774 $384,156
2018 $5,343 $457,775 $81,151 $376,624
2017 $5,281 $448,800 $79,560 $369,240
2016 $5,243 $440,000 $78,000 $362,000
2015 $4,339 $356,450 $43,013 $313,437
2014 $4,096 $349,470 $42,171 $307,299
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dana Anderson

    Kimmell-Anderson Property Mng.

    (951) 929-7651

    29 Total Sales

    Dana Anderson
    Section Image
  • David Covarrubias

    Buyer's Agent in 2015

    David Covarrubias

    MARCUS & MILLICHAP

    (909) 456-3400

    57 Total Sales

    David Covarrubias
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15062453

California Regional Multiple Listing Service (CRMLS)

APN: 445-202-025

California Riverside County Hemet 92544

1865 E Devonshire Ave, Hemet, CA

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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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