NOT LISTED FOR SALE

41056 Alder Ave Hemet, CA 92544

East Hemet Area

Estimated Value: $473,000 - $546,000

4 Beds
4 Baths
2,312 Sq Ft
$227/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2024

Last sale price $525,000 $227 Per Sq Ft

Current estimated payment $3,386 / mo

17 Days on Market

Highlights

  • Mountain View
  • 1 Car Direct Access Garage
  • Central Heating and Cooling System
  • Contemporary Architecture
  • Living Room
  • Turnkey

About This Home

As of May 2024

Fantastic Income Property Opportunity - Charming Duplex
Welcome to an incredible investment opportunity! This charming duplex offers two spacious units, each boasting two large bedrooms and two well-appointed bathrooms.
Upon entering, you're greeted by the inviting ambiance of the formal living spaces, illuminated by ample natural light cascading through the windows. The dining areas seamlessly flow into the kitchens, creating an open-concept layout perfect for both everyday living and entertaining guests.
Storage is abundant throughout both units, with ample closet space ensuring organization is effortless. Convenience is key with an inside laundry room in each unit, simplifying household chores.
Each unit also features its own one-car garage, providing secure parking and additional storage options. The rear unit boasts a delightful fenced backyard, offering a private outdoor oasis for relaxation and recreation. Meanwhile, the front unit enjoys a fenced courtyard, providing a cozy outdoor retreat. Also includes 41058 Alder Hemet Ca. ( Back Unit)
Well maintained and boasting great floor plans, both units offer comfortable living spaces for tenants. Currently, the back unit is rented, providing immediate income, while the front unit stands vacant for easy viewing and potential occupancy.
With its easy maintenance and lucrative rental potential, this duplex presents an exceptional opportunity for investors seeking a reliable income stream. Don't miss out on the chance to own this income-generating gem!

Last Agent to Sell the Property

Susan Pippin

SoCal Realtors & Associates Brokerage Phone: 951-532-9908 License #01011922 Listed on: 04/11/2024

Last Buyer's Agent

Samantha Thammavongsa

KAM Financial & Realty, Inc. License #01974537

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,312 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Carpet
  • Mountain Views
  • Fire and Smoke Detector
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Tax Tract Number 5101
  • Assessor Parcel Number 449021025
  • $56 per year additional tax assessments

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $180
  • Water Sewer Expense $1,200
  • Operating Expense $1,800
  • Gross Income $1,000
  • Net Operating Income $200

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

8,276 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R-2
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 449021025
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 227.08
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Sewer Paid
  • Trash Expense: 180.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1000.00
  • Gross Scheduled Income: 1250.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Expenses: 1800.00

Tax Info

  • Tax Census Tract: 433.10
  • Tax Lot: 4
  • Tax Tract Number: 5101
  • TaxOtherAnnualAssessmentAmount: 56.00

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 11, 2024
Closed on
May 6, 2024
Sold by
Bought by
Seller's Agent
Susan Pippin
SoCal Realtors & Associates
Buyer's Agent
Samantha Thammavongsa
KAM Financial & Realty, Inc.
List Price
$525,000
Sold Price
$525,000
Views
86
Current Estimated Value
$524,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$635
Avg. Annual Appreciation
-0.05%
Original Mortgage
$420,000
Outstanding Balance
$415,261
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$109,104

Purchase Details

Listed on
Apr 11, 2024
Closed on
May 1, 2024
Sold by
Bought by
Seller's Agent
Susan Pippin
SoCal Realtors & Associates
Buyer's Agent
Samantha Thammavongsa
KAM Financial & Realty, Inc.
List Price
$525,000
Sold Price
$525,000
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$415,261
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$109,104

Purchase Details

Listed on
Apr 11, 2024
Closed on
Apr 29, 2024
Sold by
Bought by
Seller's Agent
Susan Pippin
SoCal Realtors & Associates
Buyer's Agent
Samantha Thammavongsa
KAM Financial & Realty, Inc.
List Price
$525,000
Sold Price
$525,000
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$415,261
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$109,104

Purchase Details

Closed on
Dec 16, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 1990
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hemet, CA

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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
-- First American Title
-- First American Title
$525,000 First American 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 $420,000
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
05/13/2024 05/13/24 Sold $525,000 0.0% $227 / Sq Ft
05/01/2024 05/01/24 For Sale $525,000 0.0% $227 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
04/23/2024 04/23/24 Off Market $525,000 -- --
04/11/2024 04/11/24 For Sale $525,000 -- $227 / 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 $6,105 $546,210 $98,838 $447,372
2025 $1,412 $535,500 $96,900 $438,600
2023 $1,412 $117,651 $18,068 $99,583
2022 $1,367 $115,345 $17,714 $97,631
2021 $1,345 $113,084 $17,367 $95,717
2020 $1,333 $111,925 $17,189 $94,736
2019 $1,304 $109,731 $16,852 $92,879
2018 $1,265 $107,580 $16,522 $91,058
2017 $1,250 $105,472 $16,199 $89,273
2016 $1,241 $103,405 $15,882 $87,523
2015 $1,238 $101,854 $15,645 $86,209
2014 $1,184 $99,861 $15,340 $84,521
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24069917

California Regional Multiple Listing Service (CRMLS)

APN: 449-021-025

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