Seller's Agent in 2024
Joe Corbisiero
Compass
(760) 201-9252
1 in this area
76 Total Sales
322 E Main St San Jacinto, CA 92583
Heritage NeighborhoodEstimated Value: $669,545
7
Beds
4
Baths
3,100
Sq Ft
$216/Sq Ft
Est. Value
About This Home
As of April 2024Welcome to a remarkable mixed-use property in the heart of San Jacinto, offering a spacious 3,255 square feet of building space on a generous 9,375 square foot lot. 4 residential units and 1 store front/office Currently fully occupied, the property generates a solid gross rental income of $82,800 per year, making it a great cash cow for savvy investors. The building underwent a complete transformation in 2021, being gutted and remodeled to modern standards, ensuring a fresh and attractive space for both residents and businesses alike. With a total of five restrooms, this property is thoughtfully designed for convenience and functionality. Whether you're envisioning a residential haven or a bustling business hub, this property is well-equipped to meet your needs. Zoned for Downtown Residential, the possibilities are endless, spanning from health services to a cozy neighborhood cafe. The prime location on a main thoroughfare ensures excellent visibility and accessibility, making it an ideal choice for a thriving business. Opportunities like this are a rarity in San Jacinto, and this property stands out as a unique gem. Take advantage of this opportunity to own a fully occupied, income-generating property with a proven track record. The seller's decision to purchase a larger building opens the door for you to step into a ready-to-perform investment. This gem is shown by appointment only with an accepted offer
Property Details
Home Type
- Multi-Family
Lot Details
- 6,098 Sq Ft Lot
- Wood Fence
- No Landscaping
Parking
- Parking Available
Home Design
- Composition Roof
Interior Spaces
- 7 Bedrooms
- 3,100 Sq Ft Home
- 1-Story Property
Additional Features
- Number of ADU Units: 1
- Heat Pump System
Community Details
- 5 Units
- Operating Expense $4,884
Listing and Financial Details
- Total Actual Rent $6,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 21, 2021
Sold by
Golden Star Investment Properties Llc
Bought by
My Way Re Solutions Inc
Current Estimated Value
Purchase Details
Closed on
May 5, 2010
Sold by
Wells Fargo Bank Na
Bought by
Golden Star Investment Properties Llc
Purchase Details
Closed on
May 16, 2005
Sold by
Merrill Roark M and Merrill Shelley L
Bought by
Labeske Richard A and Labeske Kristina
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
5.56%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2003
Sold by
Torres Sarah Mae
Bought by
Merrill Roark M and Merrill Shelley L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.53%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| My Way Re Solutions Inc | $190,000 | North American Title Co | |
| Golden Star Investment Properties Llc | -- | -- | |
| Labeske Richard A | $389,000 | Lawyers Title Co | |
| Merrill Roark M | $140,000 | Lawyers Title Company | |
| Torres Sarah Mae | -- | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Labeske Richard A | $280,000 | |
| Previous Owner | Merrill Roark M | $50,000 | |
| Closed | My Way Re Solutions Inc | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2024 04/21/24 | Sold | $650,000 | -4.3% | $210 / Sq Ft |
| 01/09/2024 01/09/24 | Price Changed | $679,000 | -5.0% | $219 / Sq Ft |
| 01/02/2024 01/02/24 | For Sale | $715,000 | -- | $231 / Sq Ft |
Source: San Diego MLS
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 | $2,169 | $586,500 | $127,500 | $459,000 |
| 2023 | $2,169 | $176,868 | $41,616 | $135,252 |
| 2022 | $2,118 | $173,400 | $40,800 | $132,600 |
| 2021 | $1,666 | $134,343 | $29,408 | $104,935 |
| 2020 | $1,656 | $132,967 | $29,107 | $103,860 |
| 2019 | $1,673 | $130,361 | $28,537 | $101,824 |
| 2018 | $1,596 | $127,806 | $27,978 | $99,828 |
| 2017 | $1,564 | $125,301 | $27,430 | $97,871 |
| 2016 | $1,493 | $122,845 | $26,893 | $95,952 |
| 2015 | $1,474 | $121,001 | $26,490 | $94,511 |
| 2014 | $1,422 | $118,632 | $25,972 | $92,660 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Corbisiero
Map
Source: San Diego MLS
MLS Number: 240000090
APN: 437-073-010
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