NOT LISTED FOR SALE

201 N Western Ave Hemet, CA 92543

Estimated Value: $416,475 - $649,000

4 Beds
4 Baths
1,600 Sq Ft
$362/Sq Ft Est. Value

Last Sold September 16, 2014

Last sale price $205,000 $128 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $3,273/month

218 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA

About This Home

As of September 2014

Great investment opportunity less than $58,000 a unit!!! 4-plex, 1 bedroom, 1 bath units, all one level complex- each unit rents for $650, all units are rented. 4 independent meters. Coin laundry room!! Located close to schools, shopping areas and public transportation.

Last Agent to Sell the Property

Maricruz Piecho

Beechwood Realty License #01343475 Listed on: 01/14/2014

Last Buyer's Agent

Louie Zember

Zember Realty Group License #01922973

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1979

Lot Details

  • 8,859 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 6 Parking Spaces

Home Design

  • 1,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 442082017

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
  • 4 Separate Water Meters
  • Insurance Expense $90
  • Trash Expense $210
  • Water Sewer Expense $140
  • New Taxes Expense $96
  • Gross Income $2,600
  • Net Operating Income $2,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 140.00
  • Property Type: Residential Income
  • Parcel Number: 442082017
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 128.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 210.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8859.00
  • Lot Size Acres: 0.2030

Multi Family

  • Gross Income: 2600.00
  • Gross Scheduled Income: 2600.00
  • Insurance Expense: 90.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8859.0000 Square Feet
  • Net Operating Income: 2064.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 350.00
  • Rent Control: No
  • Total Actual Rent: 2500.00

Tax Info

  • New Taxes Expense: 96.00
  • Tax Lot: 13
  • Tax Tract Number: 0000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2021
Sold by
Kahle Jason Robert and Kahle Jessica Renee
Bought by
Kahle Jason and Kahle Jessica
Current Estimated Value
$579,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$242,036
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$337,583

Purchase Details

Closed on
Jul 24, 2017
Sold by
Kahle Jason and Kahle Jessica Renee
Bought by
Kahle Jason and Kahle Jessica

Purchase Details

Closed on
Sep 23, 2016
Sold by
Kahle Jason
Bought by
Kahle Jason and Kahle Jessica Renee

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
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 14, 2014
Closed on
Sep 8, 2014
Sold by
Kahle Jessica Renee
Bought by
Kahle Jason
Seller's Agent
Maricruz Piecho
Beechwood Realty
Buyer's Agent
Louie Zember
Zember Realty Group
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%
Original Mortgage
$153,750
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 14, 2014
Closed on
Aug 18, 2014
Sold by
Duffy Donald
Bought by
Kahle Jason
Seller's Agent
Maricruz Piecho
Beechwood Realty
Buyer's Agent
Louie Zember
Zember Realty Group
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 1, 2013
Closed on
Jul 23, 2013
Sold by
Lopez Javier
Bought by
Lopez Alise
Seller's Agent
DARRYL GILLIAMS
ALTICORE REALTY
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$180,000
Sold Price
$190,000
Premium/Discount to List
$10,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$142,500
Interest Rate
4.28%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 1, 2013
Closed on
Jul 10, 2013
Sold by
Lopez Alise
Bought by
Duffy Donald
Seller's Agent
DARRYL GILLIAMS
ALTICORE REALTY
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$180,000
Sold Price
$190,000
Premium/Discount to List
$10,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2010
Sold by
Downey Joe R
Bought by
Lopez Alise

Purchase Details

Closed on
Apr 19, 2005
Sold by
Downey Joe R
Bought by
Downey Joe R

Purchase Details

Closed on
Jun 16, 2003
Sold by
Polsky Trudy
Bought by
Downey Joe R

Purchase Details

Closed on
Apr 6, 2003
Sold by
Legends Investment Group Inc
Bought by
Downey Joe R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2002
Sold by
Aplin Reese W
Bought by
Legends Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,200
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2000
Sold by
Thomas Robert J
Bought by
Aplin Reese W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 1998
Sold by
Laneco Services Inc
Bought by
Thomas Robert J

Purchase Details

Closed on
Dec 26, 1995
Sold by
Kovac Donald P and Kovac Penney V
Bought by
Laneco Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
7.38%
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
Kahle Jason -- Corinthian Title Company
Kahle Jason Robert -- Corinthian Title Company
Kahle Jason -- None Available
Kahle Jason -- Lawyers Title
Kahle Jason -- Fidelity National Title
Kahle Jason $205,000 Fidelity National Title
Lopez Alise -- Chicago Title Company
Duffy Donald $190,000 Chicago Title Company
Lopez Alise $88,000 None Available
Downey Joe R -- --
Downey Joe R -- Chicago Title Co
Downey Joe R $289,000 Chicago Title Co
Legends Investment Group Inc $140,000 Chicago Title
Aplin Reese W $90,000 Ati Title Company
Thomas Robert J $36,000 --
Laneco Services Inc $41,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kahle Jason Robert $270,000
Previous Owner Kahle Jason $175,000
Previous Owner Kahle Jason $153,750
Previous Owner Duffy Donald $142,500
Previous Owner Downey Joe R $220,000
Previous Owner Legends Investment Group Inc $166,200
Previous Owner Aplin Reese W $72,000
Previous Owner Laneco Services Inc $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2014 09/16/14 Sold $205,000 -18.0% $128 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $250,000 +31.6% $156 / Sq Ft
08/15/2013 08/15/13 Sold $190,000 +5.6% $119 / Sq Ft View Prior Sale
07/09/2013 07/09/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $180,000 -- $113 / 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 $2,872 $246,369 $60,089 $186,280
2023 $2,872 $236,804 $57,756 $179,048
2022 $2,786 $232,162 $56,624 $175,538
2021 $2,742 $227,611 $55,514 $172,097
2020 $2,717 $225,278 $54,945 $170,333
2019 $2,660 $220,862 $53,868 $166,994
2018 $2,581 $216,532 $52,812 $163,720
2017 $2,551 $212,287 $51,777 $160,510
2016 $2,533 $208,125 $50,762 $157,363
2015 $2,526 $205,000 $50,000 $155,000
2014 $2,293 $190,000 $50,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14010187

California Regional Multiple Listing Service (CRMLS)

APN: 442-082-017