NOT LISTED FOR SALE

342 W Kimball Ave Hemet, CA 92543

Estimated Value: $590,000 - $624,000

2 Beds
4 Baths
2,100 Sq Ft
$287/Sq Ft Est. Value

Last Sold June 30, 2014

Last sale price $145,000 $69 Per Sq Ft

Est. 288% increase in value since last sale

Current estimated payment $3,232/month

56 Days on Market

About This Home

As of June 2014

high demand bread and butter units. One bedrooms and studio units. All 5 fourplexes are being offered for sale. 308,320,334,342 and 179 Alessandro. There are 2 other properties at 344 & 346 Ramona, and 25938 Fairview available as well.

Last Agent to Sell the Property

Vivian Arias

Brubaker Culton R.E. & Dev. License #00755357 Listed on: 04/02/2014

Last Buyer's Agent

PEGGY FRENCH

Peggy French, Broker License #00455781

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Parking Spaces

Home Design

  • 2,100 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 702
  • Assessor Parcel Number 443271032

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Professional Management Expense $1,080
  • Trash Expense $1,400
  • Water Sewer Expense $1,900
  • New Taxes Expense $1,800
  • Gross Income $1,900
  • Net Operating Income $14,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Professional Management Expense: 1080.00
  • Property Attached: No
  • Water Sewer Expenses: 1900.00
  • Property Type: Residential Income
  • Parcel Number: 443271032
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 69.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 1900.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 14180.00
  • 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: 8620.00
  • Rent Control: No
  • Total Actual Rent: 925.00

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Lot: 13
  • Tax Tract Number: 702
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Group Xiii Properties Lp
Bought by
Dha Opportunity 1 Lp
Current Estimated Value
$563,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,655,000
Outstanding Balance
$5,419,090
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
-$4,816,423

Purchase Details

Closed on
Aug 11, 2021
Sold by
Lam Che and Sun Thai
Bought by
Group Xiii Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2018
Sold by
Bakhshi Michael
Bought by
Lam Che and Sun Thai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2016
Sold by
Velasco Jonathan
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
$344,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2016
Sold by
Velasco Jonathan and Griego Gregory
Bought by
Velasco Jonathan

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 18, 2014
Sold by
Gross Esther
Bought by
Gross Esther
Seller's Agent
Vivian Arias
Brubaker Culton R.E. & Dev.
Buyer's Agent
PEGGY FRENCH
Peggy French, Broker
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.96%
Original Mortgage
$580,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 9, 2014
Sold by
Gross Esther
Bought by
Velasco Jonathan and Griego Gregory
Seller's Agent
Vivian Arias
Brubaker Culton R.E. & Dev.
Buyer's Agent
PEGGY FRENCH
Peggy French, Broker
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2010
Sold by
Giat Nir
Bought by
Gross Esther

Purchase Details

Closed on
Sep 24, 2010
Sold by
The Bank Of New York Mellon
Bought by
Gross Esther

Purchase Details

Closed on
May 5, 2010
Sold by
Tomlinson Randy and Herwig Bruce
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
May 30, 2006
Sold by
Tomlinson Mary E
Bought by
Tomlinson Randy

Purchase Details

Closed on
Jul 8, 2004
Sold by
3T Properties Llc
Bought by
Herwig Bruce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2004
Sold by
Vanhorne Fred E and Vanhorne Virginia H
Bought by
3T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2001
Sold by
Culton Joseph G and Culton Lorraine M
Bought by
Vanhorne Fred E and Vanhorne Virginia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Dha Opportunity 1 Lp $1,760,000 Orange Coast Title
Group Xiii Properties Lp $2,050,000 First American Title Company
Lam Che $311,000 Pacific Coast Title Company
Bakhshi Michael $430,000 Pacific Coast Title Company
Bakhshi Michael -- None Available
Velasco Jonathan -- Accommodation
Gross Esther -- Corinthian Title & Escrow
Velasco Jonathan $725,000 Corinthian Title Company
Gross Esther -- Corinthian Title & Escrow
Gross Esther -- Landsafe Title
Gross Esther $105,000 Landsafe Title Of Ca
The Bank Of New York Mellon $99,000 Landsafe Title
Tomlinson Randy -- Chicago Title Company
Herwig Bruce S $78,500 --
3T Properties Llc $2,100,000 Chicago Title Co
Vanhorne Fred E $275,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dha Opportunity 1 Lp $5,655,000
Previous Owner Group Xiii Properties Lp $2,050,000
Previous Owner Lam Che $200,000
Previous Owner Bakhshi Michael $344,000
Previous Owner Velasco Jonathan $580,000
Previous Owner Herwig Bruce S $156,000
Previous Owner Vanhorne Fred E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2014 06/30/14 Sold $145,000 -19.4% $69 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $179,900 -- $86 / 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 $4,025 $353,736 $135,252 $218,484
2023 $4,025 $340,000 $130,000 $210,000
2022 $4,634 $398,000 $128,000 $270,000
2021 $3,834 $326,705 $63,070 $263,635
2020 $3,794 $323,356 $62,424 $260,932
2019 $3,712 $317,016 $61,200 $255,816
2018 $2,575 $219,300 $40,800 $178,500
2017 $2,545 $215,000 $40,000 $175,000
2016 $1,819 $148,700 $23,816 $124,884
2015 $1,814 $146,468 $23,459 $123,009
2014 $1,355 $109,736 $41,804 $67,932
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14067843

California Regional Multiple Listing Service (CRMLS)

APN: 443-271-032

Your Personal Tour Guide

Ask me questions while you tour the home.