NOT LISTED FOR SALE

275 E 7th St San Jacinto, CA 92583

Heritage Neighborhood

Estimated Value: $565,538 - $739,000

6 Beds
3 Baths
3,200 Sq Ft
$209/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $295,000 $92 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,843/month

166 Days on Market

Highlights

  • Mountain View
  • No HOA
  • No Interior Steps
  • Corner Lot
  • Laundry Room
  • Bungalow

About This Home

As of September 2016

Back on the market! Money makers! This four-plex offers a good location, single story construction; each of the four units has a small private patio, assigned carport parking and is located on a corner lot.

Last Agent to Sell the Property

Leticia Arciniega

Main Street Realty License #01803573 Listed on: 09/02/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 10,890 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Level Lot

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Bungalow
  • Property Attached
  • Slab Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Utility Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

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

Accessible Home Design

  • Halls are 36 inches wide or more
  • No Interior Steps

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 25
  • Tax Tract Number 7329
  • Assessor Parcel Number 437081023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,375
  • Trash Expense $1,320
  • Water Sewer Expense $2,472
  • New Taxes Expense $3,200
  • Gross Income $2,950
  • Net Operating Income $27,033

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2472.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 437081023
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Accessibility Features: 36 Inch Or More Wide Halls, No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 92.19
  • Room Type: All Bedrooms Down, Utility Room

Exterior Features

  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Community, Individual Room, Outside
  • Trash Expense: 1320.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Corner Lot
  • Lot Size Sq Ft: 10890.00
  • Price Per Lot Square Foot: 29.34

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 738
  • Gross Income: 2950.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 1375.00
  • Net Operating Income: 27033.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 3
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 8367.00
  • Rent Control: No
  • Total Actual Rent: 3050.00

Tax Info

  • New Taxes Expense: 3200.00
  • Tax Block: 25
  • Tax Lot: 4
  • Tax Tract Number: 007329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2017
Sold by
Cobra 28 No 8 Lp
Bought by
Cobra 28 No 8 Lp
Current Estimated Value
$667,885

Purchase Details

Listed on
Sep 2, 2016
Closed on
Sep 14, 2016
Sold by
Royce Carmen
Bought by
Cobra 28 No 8 Lp
Seller's Agent
Leticia Arciniega
Main Street Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$319,500
Sold Price
$295,000
Premium/Discount to List
-$24,500
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%

Purchase Details

Closed on
Oct 26, 2010
Sold by
Royce John
Bought by
Royce Carmen

Purchase Details

Closed on
Oct 22, 2010
Sold by
Nunez Odilia and Nunez David
Bought by
Royce Carmen

Purchase Details

Closed on
Jan 18, 2007
Sold by
Gorges Hazim
Bought by
Nunez David and Nunez Odilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2005
Sold by
Gutierrez Kaylene A
Bought by
Gorges Hazim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2005
Sold by
Gorges Mouna
Bought by
Gorges Hazim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2003
Sold by
Pendergast Margaret F
Bought by
Gutierrez Kaylene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cobra 28 No 8 Lp -- None Available
Cobra 28 No 8 Lp $295,000 Orange Coast Title Co
Royce Carmen -- Lawyers Title
Royce Carmen $150,000 Lawyers Title
Nunez David $545,000 Financial Title Company
Gorges Hazim $495,000 Southland Title Of San Diego
Gorges Hazim -- Southland Title Of San Diego
Gutierrez Kaylene A -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nunez David $436,000
Previous Owner Gorges Hazim $396,000
Previous Owner Gutierrez Kaylene A $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2016 09/29/16 Sold $295,000 -7.7% $92 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
09/02/2016 09/02/16 Price Changed $319,500 0.0% $100 / Sq Ft
09/02/2016 09/02/16 For Sale $319,500 -3.0% $100 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
07/11/2016 07/11/16 Price Changed $329,500 0.0% $103 / Sq Ft
07/11/2016 07/11/16 For Sale $329,500 +3.3% $103 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $319,000 -- $100 / 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 $4,120 $342,367 $87,041 $255,326
2023 $4,120 $329,074 $83,662 $245,412
2022 $4,025 $322,622 $82,022 $240,600
2021 $3,961 $316,297 $80,414 $235,883
2020 $3,929 $313,055 $79,590 $233,465
2019 $3,857 $306,918 $78,030 $228,888
2018 $3,787 $300,900 $76,500 $224,400
2017 $3,711 $295,000 $75,000 $220,000
2016 $2,107 $162,334 $64,933 $97,401
2015 $2,082 $159,897 $63,958 $95,939
2014 $2,014 $156,766 $62,706 $94,060
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Leticia Arciniega

    Main Street Realty

    (951) 587-7758

    1 in this area

    20 Total Sales

    Leticia Arciniega
    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,174 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16075339

California Regional Multiple Listing Service (CRMLS)

APN: 437-081-023

California Riverside County San Jacinto 92583 Heritage

275 E 7th St, San Jacinto, CA

Not Listed for Sale

MultiFamily

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