NOT LISTED FOR SALE

Estimated Value: $1,224,000 - $1,327,000

8 Beds
8 Baths
3,400 Sq Ft
$380/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $825,100 $243 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,712/month

9 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Paved or Partially Paved Lot
  • Buchanan Elementary School Rated A-

About This Home

As of February 2020

Rarely available cash flow 4 plex in Murrieta, with 6.6% cap rate! * Four units, each with 1 car garage * Each unit is well designed with two bedrooms and one and three-quarters bathrooms * Units have newer windows and air conditioners, and some have been updated with newer paint, flooring, counters, and appliances * Community laundry room adds additional income * Large lot in an awesome location near shopping, schools, restaurants, entertainment, freeway access and Temecula wineries!

Last Agent to Sell the Property

Josh Painter

Impact Real Estate License #01734694 Listed on: 01/08/2020

Last Buyer's Agent

Scott Murillo

Scott Murillo Real Estate Services License #01710576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,296

Year Built

  • Built in 1984

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 56
  • Tax Tract Number 4476
  • Assessor Parcel Number 913172009

Community Details

Overview

  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $300
  • Fuel Expense $264
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Other Expense $720
  • Trash Expense $1,596
  • Water Sewer Expense $2,220
  • New Taxes Expense $8,800
  • Operating Expense $16,000
  • Gross Income $68,680
  • Net Operating Income $52,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,296

Year Built

Built in 1984

Lot Details

0

HOA Fees

$60 per month

Parking

4

Listing Details

  • CapRate: 6.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2220.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 913172009
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 242.68

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1596.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 60.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 264.00
  • Gross Income: 68680.00
  • Gross Scheduled Income: 68680.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1000.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 52580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 16000.00
  • Other Expense: 720.00
  • Other Expense Description: HOA
  • Rent Control: Yes
  • Total Actual Rent: 5640.00
  • Total Expenses: 16000.00

Tax Info

  • New Taxes Expense: 8800.00
  • Tax Census Tract: 505.00
  • Tax Lot: 56
  • Tax Tract Number: 4476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Murillo Javier C and Murillo Juana S
Bought by
Murillo Family Trust and Murillo
Current Estimated Value
$1,291,517

Purchase Details

Listed on
Jan 8, 2020
Closed on
Jan 22, 2020
Sold by
Kettler Richard Edwin and Kettler Gladys Ruth
Bought by
Murillo Javier C and Murillo Juana S
Seller's Agent
Josh Painter
Impact Real Estate
Buyer's Agent
Scott Murillo
Scott Murillo Real Estate Services
List Price
$799,900
Sold Price
$825,100
Premium/Discount to List
$25,200
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$529,200
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2014
Closed on
Feb 23, 2015
Sold by
Tangthongtawi Nicharee
Bought by
Kettler Richard Edwin and Kett Gladys
Seller's Agent
Marti Scott
Temecula Realty
Buyer's Agent
Darrell West
Carmichael West Realty
List Price
$649,900
Sold Price
$590,000
Premium/Discount to List
-$59,900
-9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$220,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2008
Sold by
Tangthongtawi Nicharee
Bought by
Tangthongtawi Nicharee

Purchase Details

Closed on
Nov 22, 2006
Sold by
Tangthongtawi Nicharee
Bought by
Tangthongtawi Nicharee and Castillo John

Purchase Details

Closed on
Jul 13, 2006
Sold by
Birmingham James R and Birmingham Shelly C
Bought by
Tangthongtawi Nicharee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Polzin Joseph J and Polzin Deirdre E
Bought by
Birmingham James R and Birmingham Shelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2003
Sold by
Polzin Joseph J and Polzin Deirdre E
Bought by
Polzin Joseph J and Polzin Deirdre E

Purchase Details

Closed on
Sep 1, 1998
Sold by
Warn Keith L
Bought by
Polzin Joseph J and Polzin Deirdre E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,800
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 1994
Sold by
Emc Mtg Corp
Bought by
Warn Keith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1993
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp
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
Murillo Family Trust -- First American Title
Murillo Javier C $825,500 Ticor Title
Kettler Richard Edwin $590,000 First American Title Company
Thangthongtawi Nicharee -- First American Title Company
Tangthongtawi Nicharee -- None Available
Tangthongtawi Nicharee -- Accommodation
Tangthongtawi Nicharee $730,000 Fidelity National Title Co
Birmingham James R $638,000 First American Title Co
Polzin Joseph J -- --
Polzin Joseph J $170,000 First American Title Co
Warn Keith L $106,500 Fidelity Title
Emc Mtg Corp $75,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murillo Javier C $529,200
Previous Owner Kettler Richard Edwin $220,000
Previous Owner Tangthongtawi Nicharee $584,000
Previous Owner Birmingham James R $380,000
Previous Owner Polzin Joseph J $118,800
Previous Owner Warn Keith L $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2020 02/13/20 Sold $825,100 +3.2% $243 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $799,900 +35.6% $235 / Sq Ft
04/10/2015 04/10/15 Sold $590,000 -9.2% $174 / Sq Ft View Prior Sale
02/18/2015 02/18/15 Pending -- -- --
11/05/2014 11/05/14 For Sale $649,900 -- $191 / 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 $10,296 $902,361 $267,940 $634,421
2023 $10,296 $867,324 $257,537 $609,787
2022 $10,261 $850,319 $252,488 $597,831
2021 $10,076 $833,647 $247,538 $586,109
2020 $7,965 $648,370 $120,880 $527,490
2019 $7,818 $635,658 $118,510 $517,148
2018 $7,679 $625,357 $116,188 $509,169
2017 $7,582 $613,406 $113,910 $499,496
2016 $7,491 $601,737 $111,677 $490,060
2015 $6,466 $510,478 $130,000 $380,478
2014 $4,796 $377,478 $90,000 $287,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19286865

California Regional Multiple Listing Service (CRMLS)

APN: 913-172-009