NOT LISTED FOR SALE
5 Beds
4 Baths
2,872 Sq Ft
5,048 Sq Ft Lot

Sale Details

Date Sold: November 2, 2016

Last sale price $320,000 $111 Per Sq Ft

2 Days on Market

About This Home

As of November 2016

GREAT INVESTMENT PROPERTY, .5 units in Hemet, Ca
1 3-bedroom 1 bath, 3 1-bedroom 1 bath units, 1 studio. One vacancy ( 1-bedroom 1bath) Will be rented shortly. Management company in place.Major improvents done recently, 2 new airconditioning units, asphalt resurfaced, painting.2 units have been upgraded. Cap rate based on 100% occupancy. Building size approximate, will need to be verified by any interested party

Last Agent to Sell the Property

Chuck Iverson

Coldwell Banker Realty License #01241096 Listed on: 10/12/2016

Coldwell Banker Realty

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,048 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Home Design

  • 2,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot `1,2
  • Assessor Parcel Number 443311002

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $149
  • Insurance Expense $2,200
  • Professional Management Expense $1,543
  • Trash Expense $1,251
  • Water Sewer Expense $2,593
  • New Taxes Expense $3,535
  • Gross Income $44,340
  • Net Operating Income $27,838

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

5,048 Sq Ft Lot

Listing Details

  • CapRate: 8.00
  • Professional Management Expense: 1543.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2593.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 443311002
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 111.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1251.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5048.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 149.00
  • Gross Income: 44340.00
  • Gross Multiplier: 8.00
  • Gross Scheduled Income: 44340.00
  • Insurance Expense: 2200.00
  • Net Operating Income: 27838.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 16502.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3535.00
  • Tax Census Tract: 434.01
  • Tax Lot: `1,2

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
Oct 12, 2016
Closed on
Oct 20, 2016
Sold by
Bought by
Seller's Agent
Chuck Iverson
Coldwell Banker Realty
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%

Purchase Details

Listed on
Oct 12, 2016
Closed on
Sep 26, 2016
Sold by
Bought by
Seller's Agent
Chuck Iverson
Coldwell Banker Realty
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%

Purchase Details

Closed on
Feb 23, 2015
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
$185,000
Interest Rate
0.0364%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2012
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
$130,000
Interest Rate
0.0336%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 19, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
-- Equity Title Orange
$320,000 Equity Title
$265,000 Equity Title
$255,000 Fatcola
$200,000 Orange Coast Title Company
-- --
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
Previous Owner $90,000
Previous Owner $185,000
Previous Owner $130,000
Previous Owner $90,955
Previous Owner $90,955
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
11/02/2016 11/02/16 Sold $320,000 -8.6% $111 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
10/12/2016 10/12/16 For Sale $350,000 +37.3% $122 / Sq Ft
04/30/2015 04/30/15 Sold $255,000 -1.9% $85 / Sq Ft View Prior Sale
04/22/2015 04/22/15 Pending -- -- --
11/10/2014 11/10/14 For Sale $259,900 -- $87 / 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 $4,240 $371,382 $52,222 $319,160
2023 $4,240 $356,963 $50,196 $306,767
2022 $4,108 $349,964 $49,212 $300,752
2021 $4,041 $343,103 $48,248 $294,855
2020 $3,999 $339,586 $47,754 $291,832
2019 $3,914 $332,928 $46,818 $286,110
2018 $3,794 $326,400 $45,900 $280,500
2017 $3,750 $320,000 $45,000 $275,000
2016 $3,097 $258,888 $40,610 $218,278
2015 $2,510 $204,919 $25,614 $179,305
2014 -- $200,907 $25,113 $175,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16720486

California Regional Multiple Listing Service (CRMLS)
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