NOT LISTED FOR SALE

224 N Valley View Dr Hemet, CA 92543

Hemet Area

Estimated Value: $518,000 - $656,058

1 Bed
1 Bath
2,800 Sq Ft
$216/Sq Ft Est. Value

Sale Details

Date Sold: February 5, 2020

Last sale price $405,000 $145 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,769 / mo

19 Days on Market

Highlights

  • Tile Flooring
  • Wall Furnace
  • 1-Story Property

About This Home

As of February 2020

Quadruplex for Sale..!!
All 1 bedroom units...!! Properties in good shape, inside and out...!! Excellent investment opportunity for owner occupied and or investors..!!
Call for viewing appointments..!!

Last Agent to Sell the Property

Luis Bautista

Luis A Bautista License #01239842 Listed on: 11/20/2019

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,878 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Cosmetic Repairs Needed

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 183
  • Tax Tract Number 434
  • Assessor Parcel Number 442072008

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,015
  • Trash Expense $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,250
  • Operating Expense $9,385
  • Gross Income $39,600
  • Net Operating Income $33,665

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

7,878 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R3
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 442072008
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 144.64
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7878.00
  • Lot Size Acres: 0.1809
  • Latitude Manual: 33.75024900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Gross Operating Income: 39600.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1015.00
  • Lot Size Area: 7878.0000 Square Feet
  • Net Operating Income: 33665.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 5935.00
  • Rent Control: No
  • Total Actual Rent: 825.00
  • Total Expenses: 9385.00

Tax Info

  • New Taxes Expense: 5250.00
  • Tax Census Tract: 434.05
  • Tax Lot: 183
  • Tax Tract Number: 434.05

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
Mar 5, 2021
Sold by
Golden Opportunity No 28 Lp
Bought by
Current Estimated Value
$605,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,142,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2019
Sold by
Jimenez Mike and Jimenez Theresa
Bought by
Golden Opportunity No 28 Lp

Purchase Details

Closed on
Oct 13, 2010
Sold by
Moran Judith
Bought by
Jimenez Mike and Jimenez Theresa

Purchase Details

Closed on
Jul 19, 2010
Sold by
Cal West Investments Llc
Bought by
Moran Judith

Purchase Details

Closed on
Oct 10, 2005
Sold by
Moran Judith
Bought by
Cal West Invesments Llc

Purchase Details

Closed on
May 10, 2005
Sold by
Scarcella Nicolo J and Scarcella Holly Marie
Bought by
Moran Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2003
Sold by
Legends Investment Group Inc
Bought by
Scarcella Nicolo J and Scarcella Holly Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2002
Sold by
Honeywell Richard Dean and Honeywell Wanda Lee
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
$155,600
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 1998
Sold by
Smarker Craig A and Smarker Pamela S
Bought by
Honeywell Richard Dean and Honeywell Wanda Lee

Purchase Details

Closed on
Jan 20, 1998
Sold by
Federal National Mortgage Association
Bought by
Smarker Craig A and Smarker Pamela S

Purchase Details

Closed on
Oct 24, 1997
Sold by
Truong Linh Thi
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 10, 1993
Sold by
Federal Deposit Insurance Corporation
Bought by
Truong Linh Thi

Purchase Details

Closed on
Oct 22, 1993
Sold by
Ellis Philip Lee and Ellis Elizabeth B
Bought by
City Of Corona
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
-- Orange Coast Title
Golden Opportunity No 28 Lp $405,000 Provident Title Company
Jimenez Mike $120,000 Usa National Title Company E
Moran Judith -- None Available
Cal West Invesments Llc -- --
Moran Judith $450,000 Multiple
Scarcella Nicolo J $250,000 Chicago Title Co
Legends Investment Group Inc $125,000 Chicago Title Co
Honeywell Richard Dean $75,000 First American Title Co
Smarker Craig A $36,500 First American Title Ins Co
Federal National Mortgage Association $50,112 Chicago Title Co
Truong Linh Thi $80,000 First American Title Insuran
City Of Corona -- --
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 $4,142,000
Previous Owner Moran Judith $337,500
Previous Owner Scarcella Nicolo J $234,500
Previous Owner Scarcella Nicolo J $225,000
Previous Owner Legends Investments Group Services Inc $10,000
Previous Owner Legends Investment Group Inc $155,600
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
02/05/2020 02/05/20 Sold $405,000 -3.6% $145 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
11/20/2019 11/20/19 For Sale $420,000 -- $150 / 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
2026 $5,138 $451,780 $117,126 $334,654
2025 $5,039 $442,923 $114,830 $328,093
2023 $5,039 $425,725 $110,372 $315,353
2022 $5,295 $453,900 $117,300 $336,600
2021 $4,800 $409,195 $106,087 $303,108
2020 $1,742 $140,567 $46,853 $93,714
2019 $1,706 $137,812 $45,935 $91,877
2018 $1,799 $135,111 $45,036 $90,075
2017 $1,638 $132,462 $44,153 $88,309
2016 $1,627 $129,866 $43,288 $86,578
2015 $1,623 $127,918 $42,639 $85,279
2014 $1,555 $125,413 $41,804 $83,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19269650

California Regional Multiple Listing Service (CRMLS)

APN: 442-072-008

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