NOT LISTED FOR SALE

41598 Marine Dr Hemet, CA 92544

Estimated Value: $672,000 - $731,000

8 Beds
4 Baths
3,552 Sq Ft
$197/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $559,000 $157 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,248/month

69 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Rectangular Lot
  • Tile Flooring
  • South Facing Home
  • Chain Link Fence

About This Home

As of June 2021

Solid bread and butter units. Always rented. Room for increase on rents. Longer term tenants. Property could use a little cosmetic touch. Out of town owner looking to 1031 exchange. Tenants on month to month contracts. PLEASE DO NOT GO ON PROPERTY !! DO NOT DISTURB TENANTS !!

Last Agent to Sell the Property

Manuel SINGH

Manuel Singh, Broker License #01254343 Listed on: 01/25/2021

Last Buyer's Agent

Thanh Vo

Profound Real Estate License #01720726

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,524 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Chain Link Fence
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for HVAC maintenance
  • Tax Lot 8
  • Tax Tract Number 2440
  • Assessor Parcel Number 438141019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,270
  • Trash Expense $1,396
  • Water Sewer Expense $1,989
  • Operating Expense $4,655
  • Net Operating Income $35,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,524 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1989.00
  • Zoning: Multi-family
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 438141019
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 157.38

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Needs Repair
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Free-Standing Range, Gas Water Heater, Range Hood, Refrigerator, Water Heater Central
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Natural Gas
  • Laundry Features: Community, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1396.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size: 7524 square foot
  • Lot Size Sq Ft: 7524.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: HVAC Maintenance

Multi Family

  • Average2 Bed Area: 888 Square Feet
  • Gross Scheduled Income: 40920.00
  • Insurance Expense: 1270.00
  • Lot Size Area: 7524.0000 Square Feet
  • Net Operating Income: 35340.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5580.00
  • Rent Control: No
  • Total Actual Rent: 3410.00
  • Total Expenses: 4655.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 2440

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
May 27, 2021
Sold by
Singh Manuel L
Bought by
Vo Jennifer N Q and Vo Thanh M
Seller's Agent
Manuel SINGH
Manuel Singh, Broker
Buyer's Agent
Thanh Vo
Profound Real Estate
List Price
$599,000
Sold Price
$559,000
Premium/Discount to List
-$40,000
-6.68%
Current Estimated Value
$700,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,063
Avg. Annual Appreciation
4.79%
Original Mortgage
$400,000
Outstanding Balance
$362,150
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$337,913

Purchase Details

Listed on
Jan 25, 2021
Closed on
May 26, 2021
Sold by
Vo Jennifer N Q and Vo Thanh M
Bought by
Vo Thanh M
Seller's Agent
Manuel SINGH
Manuel Singh, Broker
Buyer's Agent
Thanh Vo
Profound Real Estate
List Price
$599,000
Sold Price
$559,000
Premium/Discount to List
-$40,000
-6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$362,150
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$337,913

Purchase Details

Closed on
Jul 8, 2016
Sold by
Singh Manuel L
Bought by
Singh Manuel L

Purchase Details

Closed on
Dec 8, 2011
Sold by
Singh Cleofas
Bought by
Singh Cleogas

Purchase Details

Closed on
Apr 19, 2011
Sold by
Paredes Serafin and Arballo Elsa
Bought by
Singh Cleofas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,208
Interest Rate
4.56%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2001
Sold by
Cole Barbara Jean
Bought by
Nelson Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 25, 1999
Sold by
Cantu Henry A
Bought by
Cole Barbara Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vo Jennifer N Q $559,000 Title Connect Inc
Vo Thanh M -- Title Connect Inc
Singh Manuel L -- None Available
Singh Cleogas -- None Available
Singh Cleofas $143,000 First American Title Company
Nelson Development Llc $85,000 Lawyers Title Company
Cole Barbara Jean $111,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vo Jennifer N Q $400,000
Previous Owner Singh Cleofas $137,208
Previous Owner Nelson Development Llc $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $559,000 -6.7% $157 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $599,000 -- $169 / 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 $6,792 $605,076 $108,242 $496,834
2023 $6,792 $581,583 $104,040 $477,543
2022 $6,572 $570,180 $102,000 $468,180
2021 $2,020 $169,244 $30,768 $138,476
2020 $1,992 $167,510 $30,453 $137,057
2019 $1,950 $164,226 $29,856 $134,370
2018 $1,891 $161,007 $29,271 $131,736
2017 $1,869 $157,851 $28,698 $129,153
2016 $1,856 $154,757 $28,136 $126,621
2015 $1,850 $152,434 $27,714 $124,720
2014 $1,769 $149,450 $27,172 $122,278
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2100505

California Regional Multiple Listing Service (CRMLS)

APN: 438-141-019

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