NOT LISTED FOR SALE

242 N Valley View Dr Hemet, CA 92543

Estimated Value: $604,000 - $726,000

1 Bed
1 Bath
2,400 Sq Ft
$280/Sq Ft Est. Value

Last Sold July 19, 2013

Last sale price $216,000 $90 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $3,876/month

111 Days on Market

About This Home

As of July 2013

Great Opportunity for the investors! This 4Plex with 4 One Bedroom, One Bath, Private patio and One Car Garage is a great investment with a high income potential. Each unit is rented at $550, fully remodeled in 2011. The new owner can easily raised the rent to $600 per unit. Within walking distance to shopping, restaurants and the mall. THIS LISTING MUST BE SOLD WITH ANOTHER LISTING AT 250 N VALLEY VIEW DR (MLS# PW13056616). Two 4Plexes, 8 Units total, for the price of $438,000. Gated small apartment complex!

Last Agent to Sell the Property

Corey Moore

World Team Realty License #01511367 Listed on: 04/30/2013

Last Buyer's Agent

Guy Woodard

Gold Shield Realty Group License #00660734

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,342 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Shared Septic

Listing and Financial Details

  • Tax Lot 183
  • Tax Tract Number 8357
  • Assessor Parcel Number 442072007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $630
  • Maintenance Expense $720
  • Professional Management Expense $1,848
  • Trash Expense $1,110
  • Water Sewer Expense $2,250
  • New Taxes Expense $1,388
  • Gross Income $2,200
  • Net Operating Income $18,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

7,342 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 1848.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2250.00
  • Property Type: Residential Income
  • Parcel Number: 442072007
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 90.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Shared Septic
  • Trash Expense: 1110.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7342.00
  • Lot Size Acres: 0.1690

Multi Family

  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 630.00
  • Lot Size Area: 7342.0000 Square Feet
  • Maintenance Expense: 720.00
  • Net Operating Income: 18454.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7946.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1388.00
  • Tax Lot: 183
  • Tax Tract Number: 8357
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2019
Sold by
Group I El Nonte Properties
Bought by
Golden Opportunity I Holdings Lp
Current Estimated Value
$672,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500,000
Outstanding Balance
$11,844,714
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
-$11,172,714

Purchase Details

Closed on
Jan 31, 2018
Sold by
Bakhshi Michael
Bought by
Group I El Monte Properties

Purchase Details

Closed on
Jan 8, 2016
Sold by
Bakshi Lucila
Bought by
Bakhshi Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2015
Sold by
Haro Salvador and Haro Juana Barron
Bought by
Bakhshi Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 30, 2013
Closed on
Jul 11, 2013
Sold by
Wayy Brian and Wayy Maryam Danesh
Bought by
Haro Salvador and Barron Juana Haro
Seller's Agent
Corey Moore
World Team Realty
Buyer's Agent
Guy Woodard
Gold Shield Realty Group
List Price
$209,000
Sold Price
$216,000
Premium/Discount to List
$7,000
3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%

Purchase Details

Closed on
Jul 23, 2010
Sold by
Bellinger Andrew
Bought by
Wayy Brian and Wavy Maryam Danesh

Purchase Details

Closed on
Aug 15, 2006
Sold by
Grossman Joshua
Bought by
Bellinger Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 8, 2006
Sold by
T Town Llc
Bought by
Grossman Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 11, 2004
Sold by
Mudd Brandon
Bought by
T-Town Llc

Purchase Details

Closed on
Feb 11, 2004
Sold by
Glessner Mary Lee
Bought by
Mudd Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2002
Sold by
Grover Richard G and Grover Jean E
Bought by
Legend 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
$187,000
Interest Rate
6.52%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Golden Opportunity I Holdings Lp -- Pacific Coast Title Company
Group I El Monte Properties $655,000 Chicago Title
Bakhshi Michael -- Old Republic Title Company
Bakhshi Michael $230,000 Old Republic Title Company
Haro Salvador $216,000 North American Title Co Inc
Wayy Brian $110,500 Fidelity National Title
Bellinger Andrew $510,000 Chicago Title Company
Grossman Joshua -- Chicago Title Company
T-Town Llc -- --
Mudd Brandon $335,000 Orange Coast Title Co
Legend Investment Group Inc $166,500 Southland Title Corporation
Grover Richard G -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Opportunity I Holdings Lp $13,500,000
Previous Owner Bakhshi Michael $161,000
Previous Owner Bellinger Andrew $408,000
Previous Owner Grossman Joshua $51,000
Previous Owner Mudd Brandon $268,000
Previous Owner Legend Investment Group Inc $187,000
Closed Mudd Brandon $50,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2013 07/19/13 Sold $216,000 +3.3% $90 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $209,000 -- $87 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,010 $372,633 $81,005 $291,628
2023 $5,010 $358,164 $77,860 $280,304
2022 $4,840 $351,142 $76,334 $274,808
2021 $4,388 $344,258 $74,838 $269,420
2020 $4,516 $340,729 $74,071 $266,658
2019 $3,925 $334,049 $72,619 $261,430
2018 $2,818 $239,292 $52,020 $187,272
2017 $2,786 $234,600 $51,000 $183,600
2016 $2,693 $223,672 $51,775 $171,897
2015 $2,686 $220,315 $50,999 $169,316
2014 $2,568 $216,000 $50,000 $166,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13056541

California Regional Multiple Listing Service (CRMLS)

APN: 442-072-007

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