NOT LISTED FOR SALE

342 W Kimball Ave Hemet, CA 92543

Hemet Area

Estimated Value: $591,667

2 Beds
4 Baths
2,100 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2014

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

Est. 308% increase in value since last sale

Current estimated payment $3,591 / mo

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

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

Closed on
Jul 29, 2022
Sold by
Bought by
Current Estimated Value
$591,667

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
$5,347,754
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
-$4,799,421

Purchase Details

Closed on
Aug 11, 2021
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
$2,050,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2018
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
$200,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

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

Purchase Details

Closed on
Mar 5, 2016
Sold by
Bought by

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 18, 2014
Sold by
Bought by
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
11.63%
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
Bought by
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
Bought by

Purchase Details

Closed on
Sep 24, 2010
Sold by
Bought by

Purchase Details

Closed on
May 5, 2010
Sold by
Bought by

Purchase Details

Closed on
May 30, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2004
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
$156,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2004
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
$156,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2001
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
$200,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records
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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
$1,760,000 Orange Coast Title
$2,050,000 First American Title Company
$311,000 Pacific Coast Title Company
-- None Available
$430,000 Pacific Coast Title Company
-- Accommodation
-- Corinthian Title & Escrow
-- Corinthian Title & Escrow
$725,000 Corinthian Title Company
-- Landsafe Title
$105,000 Landsafe Title Of Ca
$99,000 Landsafe Title
-- Chicago Title Company
$78,500 --
$2,100,000 Chicago Title Co
$275,000 Orange Coast Title
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 $5,655,000
Previous Owner $2,050,000
Previous Owner $200,000
Previous Owner $224,000
Previous Owner $344,000
Previous Owner $580,000
Previous Owner $156,000
Previous Owner $200,000
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
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

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
2026 $4,104 $360,810 $137,957 $222,853
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14067843

California Regional Multiple Listing Service (CRMLS)

APN: 443-271-032

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