Seller's Agent in 2025
Alexander Mercado
NEXT Brokerage
(626) 643-4742
19 Total Sales
284 N Elk St Hemet, CA 92543
Hemet AreaEstimated Value: $749,835 - $825,000
8
Beds
8
Baths
3,813
Sq Ft
$207/Sq Ft
Est. Value
Highlights
- Dual Staircase
- Balcony
- Accessible Parking
- No HOA
- Laundry Room
- Tile Flooring
About This Home
As of June 2025Well maintained property with 4 spacious 900 sq ft ea units. Each unit comes with 2 bedrooms and 1 + 1/5 bathrooms. Front single-story unit# 284 is enhanced with an inviting fireplace in the living room. Units 286 and 288 are two stories with all bedrooms upstairs. The third unit #290 is on the second floor over the garage structure. All units feature central air/heating for all year-round comfort living; Units 284 and 286 have NEW central HVAC units. Units 284,286 and 288 boast a private fenced patio for summer BBQ outing enjoyment. Unit 290 has 1 balcony. All units are in great condition with newer laminating flooring among other upgrades. The property offers income producing central laundry facility. Each unit is individually metered for gas and electricity. Fabulous investment opportunity currently generating a cost-effective rental income and with potential for future rent increases. NOTE the 3 enclosed garages are now clear to make available to tenants for a monthly rental.
Last Agent to Sell the Property
NEXT Brokerage Brokerage Phone: 626-643-4742 License #01831077 Listed on: 04/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 7,841 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 1 Open Parking Space
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Home Design
- Quadruplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 3,813 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Ceiling Fan
- Window Screens
- Living Room with Fireplace
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer
Accessible Home Design
- Accessible Parking
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 183
- Tax Tract Number 43
- Assessor Parcel Number 442071002
- $152 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $120
- Fuel Expense $1,320
- Insurance Expense $2,300
- Water Sewer Expense $6,000
- Operating Expense $9,740
- Gross Income $75,600
- Net Operating Income $63,760
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
Apr 24, 2025
Closed on
May 27, 2025
Sold by
Bought by
Seller's Agent
Alexander Mercado
NEXT Brokerage
Buyer's Agent
Jimmy Mercado
NEXT Brokerage
List Price
$749,900
Sold Price
$753,500
Premium/Discount to List
$3,600
0.48%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,918
Avg. Annual Appreciation
4.12%
Original Mortgage
$461,775
Interest Rate
0.0681%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 2, 2016
Closed on
Nov 16, 2016
Sold by
Bought by
Seller's Agent
Dan Evans
California Home Pros
Buyer's Agent
Alexander Mercado
NEXT Brokerage
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%
Original Mortgage
$358,388
Interest Rate
0.0387%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 13, 2009
Sold by
Bought by
Purchase Details
Closed on
Sep 1, 2009
Sold by
Bought by
Purchase Details
Closed on
Apr 13, 2006
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
$417,000
Interest Rate
0.0635%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 24, 2006
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
$417,000
Interest Rate
0.0635%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2005
Sold by
Bought by
Purchase Details
Closed on
Jan 6, 2005
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
$280,000
Interest Rate
0.0212%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 2003
Sold by
Bought by
Purchase Details
Closed on
Apr 3, 2002
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
$10,300
Interest Rate
0.0678%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 22, 2002
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
$10,300
Interest Rate
0.0678%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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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 |
|---|---|---|---|
| $753,500 | Ticor Title | ||
| $365,000 | Ticor Title | ||
| $154,000 | Orange Coast Title Lender Se | ||
| $175,000 | Servicelink | ||
| -- | Accommodation | ||
| -- | Commonwealth Land Title Co | ||
| -- | -- | ||
| -- | Landsafe Title | ||
| -- | -- | ||
| -- | -- | ||
| $225,000 | Chicago Title Insurance Co | ||
| $145,000 | Chicago Title Co |
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 |
|---|---|---|---|
| Open | $461,775 | ||
| Previous Owner | $374,500 | ||
| Previous Owner | $358,388 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $280,000 | ||
| Previous Owner | $276,250 | ||
| Previous Owner | $10,300 | ||
| Previous Owner | $221,523 | ||
| Previous Owner | $162,740 |
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 |
|---|---|---|---|---|---|
| 06/25/2025 06/25/25 | Sold | $753,500 | +0.5% | $198 / Sq Ft | |
| 05/18/2025 05/18/25 | Pending | -- | -- | -- | |
| 04/24/2025 04/24/25 | For Sale | $749,900 | +105.5% | $197 / Sq Ft | |
| 01/10/2017 01/10/17 | Sold | $365,000 | -1.3% | $101 / Sq Ft | View Prior Sale |
| 11/14/2016 11/14/16 | Pending | -- | -- | -- | |
| 11/02/2016 11/02/16 | For Sale | $369,900 | -- | $103 / 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 | $4,844 | $423,608 | $75,435 | $348,173 |
| 2023 | $4,844 | $407,160 | $72,506 | $334,654 |
| 2022 | $4,694 | $399,178 | $71,085 | $328,093 |
| 2021 | $4,617 | $391,352 | $69,692 | $321,660 |
| 2020 | $4,568 | $387,340 | $68,978 | $318,362 |
| 2019 | $4,470 | $379,746 | $67,626 | $312,120 |
| 2018 | $4,333 | $372,300 | $66,300 | $306,000 |
| 2017 | $2,099 | $171,270 | $72,288 | $98,982 |
| 2016 | $2,085 | $167,913 | $70,871 | $97,042 |
| 2015 | $2,079 | $165,393 | $69,807 | $95,586 |
| 2014 | $1,991 | $162,155 | $68,441 | $93,714 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Mercado
-
Irma Mercado
I
Seller Co-Listing Agent in 2025
Irma Mercado
Dream House Real Estate
(323) 888-1819
6 Total Sales
-
Jimmy Mercado
Buyer's Agent in 2025
Jimmy Mercado
NEXT Brokerage
(323) 403-4519
76 Total Sales
-
D
Seller's Agent in 2017
Dan Evans
California Home Pros
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25089003
APN: 442-071-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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