NOT LISTED FOR SALE

1955 E Devonshire Ave Hemet, CA 92544

Hemet Area

Estimated Value: $564,175

4 Beds
4 Baths
2,000 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2016

Last sale price $262,000 $131 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,501 / mo

34 Days on Market

Highlights

  • No Units Above
  • 1 Detached Carport Space
  • 1-Story Property
  • No HOA
  • Wall Furnace

About This Home

As of August 2016

Great investment opportunity with positive cash flow. Property features 4 Units. All have 1 Bedroom 1 Bath. Living Room, Kitchen, Bedroom and Bath. All units have washer/dryer hook ups.

Last Agent to Sell the Property

Kathleen Hostbjor

Coldwell Banker Kivett-Teeters License #00581264 Listed on: 05/14/2016

Last Buyer's Agent

Steve DeSena

Impact Real Estate License #01745625

Impact Real Estate

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 1965

Lot Details

  • 9,583 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Parking

  • 5 Parking Spaces
  • 1 Detached Carport Space
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 433
  • Assessor Parcel Number 445202029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Insurance Expense $1,024
  • Trash Expense $900
  • Water Sewer Expense $2,100
  • Gross Income $2,659
  • Net Operating Income $27,464

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Parcel Number: 445202029
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 131.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9583.00
  • Price Per Lot Square Foot: 27.34

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 2659.00
  • Gross Scheduled Income: 31908.00
  • Insurance Expense: 1024.00
  • Net Operating Income: 27464.00
  • 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 Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 4444.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 433

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

Closed on
Aug 3, 2018
Sold by
Prosor David G and Prosor Sarah
Bought by
Current Estimated Value
$564,175

Purchase Details

Listed on
May 14, 2016
Closed on
Jun 28, 2016
Sold by
Lila Rahim and Lila Shokat
Bought by
Prosor David and Prosor Sarah
Seller's Agent
Kathleen Hostbjor
Coldwell Banker Kivett-Teeters
Buyer's Agent
Steve DeSena
Impact Real Estate
List Price
$269,000
Sold Price
$262,000
Premium/Discount to List
-$7,000
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Original Mortgage
$196,500
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2015
Sold by
Lila Rahim and Lila Shokat
Bought by
Lila Rahim and Lila Shokat

Purchase Details

Listed on
May 12, 2012
Closed on
Oct 10, 2012
Sold by
Lila Zaira
Bought by
Lila Rahim
Seller's Agent
ROBIN SORONEN
REALTY WORLD ALL STARS
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$120,000
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%

Purchase Details

Listed on
May 12, 2012
Closed on
Oct 9, 2012
Sold by
Gomez Griselda C
Bought by
Lila Rahim and Lila Shokat
Seller's Agent
ROBIN SORONEN
REALTY WORLD ALL STARS
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$120,000
Sold Price
$120,000

Purchase Details

Closed on
Jun 20, 2006
Sold by
Gomez Luis
Bought by
Gomez Griselda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,200
Interest Rate
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 23, 2006
Sold by
Herbst Mike and Herbst Michael J
Bought by
Gomez Griselda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,200
Interest Rate
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 23, 2004
Sold by
Herbst Michael
Bought by
Herbst Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2001
Sold by
Fairfield Stephen F
Bought by
Herbst Michael J and Herbst Cheryl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.21%
Mortgage Type
Seller Take Back
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
-- None Available
Prosor David $262,000 First American Title Company
Lila Rahim -- None Available
Lila Rahim -- Ticor Title
Lila Rahim $120,000 Ticor Title
Gomez Griselda C -- Orange Coast Title Co
Gomez Griselda C $489,000 Orange Coast Title Co
Herbst Michael J -- Gateway Title Company Colton
Herbst Michael J $185,000 Orange Coast 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 $194,100
Closed Prosor David $196,500
Previous Owner Lila Rahim S $106,400
Previous Owner Gomez Griselda C $391,200
Previous Owner Herbst Michael J $175,000
Previous Owner Herbst Michael J $170,000
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 Prior Sale
08/12/2016 08/12/16 Sold $262,000 -2.6% $131 / Sq Ft
05/14/2016 05/14/16 For Sale $269,000 +124.2% $135 / Sq Ft
10/19/2012 10/19/12 Sold $120,000 0.0% -- View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $120,000 -- --
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 $3,793 $310,146 $71,024 $239,122
2025 $3,793 $304,066 $69,632 $234,434
2023 $3,724 $292,261 $66,929 $225,332
2022 $3,629 $286,531 $65,617 $220,914
2021 $3,575 $280,914 $64,331 $216,583
2020 $3,545 $278,035 $63,672 $214,363
2019 $3,474 $272,584 $62,424 $210,160
2018 $3,379 $288,740 $61,200 $227,540
2017 $3,344 $283,500 $60,000 $223,500
2016 $2,087 $167,629 $35,366 $132,263
2015 $2,085 $165,443 $34,836 $130,607
2014 $2,001 $162,635 $34,154 $128,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16105064

California Regional Multiple Listing Service (CRMLS)

APN: 445-202-029

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