NOT LISTED FOR SALE

41798 Acacia Ave Hemet, CA 92544

Estimated Value: $431,000 - $473,000

4 Beds
2 Baths
1,950 Sq Ft
$235/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $271,000 $139 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,761/month

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Evaporated cooling system
  • Level Lot
  • 1-Story Property

About This Home

As of June 2019

OPPORTUNITY KNOCKS! RARE EAST HEMET DUPLEX, RECENTLY RENOVATED THROUGHOUT, IN AWESOME LOCATION! QUIET NEIGHBORHOOD! FANTASTIC INCOME, FULLY OCCUPIED WITH GOOD PAY HISTORY! CLOSE TO SHOPPING, K-12 SCHOOLS AND RECREATION! EACH SPACIOUS UNIT HAS IT'S OWN TWO BEDROOM ONE BATH LIVING SPACE WITH OPEN KITCHEN, PRIVATE FENCED YARD, AND TWO CAR GARAGE WITH LAUNDRY HOOKUPS! ONLY ONE COMMON WALL BETWEEN THE GARAGES. LONG DRIVEWAY WITH EXTRA PARKING! INQUIRE TODAY!

Last Agent to Sell the Property

Tyler Culton

Brubaker Culton R.E. & Dev. License #01763189 Listed on: 05/06/2019

Last Buyer's Agent

Alex Carmona

PAK Home Realty License #01510760

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, grounds care, gas, trash collection
  • Tax Lot 3
  • Assessor Parcel Number 438122024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,166
  • Water Sewer Expense $1,380
  • New Taxes Expense $2,255
  • Operating Expense $4,801
  • Gross Income $25,080
  • Net Operating Income $20,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1380.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 438122024
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 138.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Grounds Care, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 975 Square Feet
  • Gross Income: 25080.00
  • Gross Scheduled Income: 25080.00
  • Insurance Expense: 1166.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 20279.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4801.00
  • Rent Control: No
  • Total Actual Rent: 2190.00
  • Total Expenses: 4801.00

Tax Info

  • New Taxes Expense: 2255.00
  • Tax Census Tract: 433.10
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
May 15, 2019
Sold by
Tyco Llc
Bought by
Rubalcava Janette
Seller's Agent
Tyler Culton
Brubaker Culton R.E. & Dev.
Buyer's Agent
Alex Carmona
PAK Home Realty
List Price
$279,000
Sold Price
$271,000
Premium/Discount to List
-$8,000
-2.87%
Current Estimated Value
$458,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,124
Avg. Annual Appreciation
9.05%
Original Mortgage
$266,091
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2019
Closed on
Apr 30, 2019
Sold by
Southern Cross Llc
Bought by
Tyco Llc
Seller's Agent
Tyler Culton
Brubaker Culton R.E. & Dev.
Buyer's Agent
Alex Carmona
PAK Home Realty
List Price
$279,000
Sold Price
$271,000
Premium/Discount to List
-$8,000
-2.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,091
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 29, 2017
Closed on
Apr 13, 2017
Sold by
Mcgivney Patricia K and Mcgivney Daniel R
Bought by
Southern Cross Llc
Seller's Agent
Dorothy McGargill
Century 21 Masters
Buyer's Agent
Melissa Seward
NON-MEMBER/NBA or BTERM OFFICE
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.51%
Original Mortgage
$153,750
Interest Rate
4.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 15, 2008
Sold by
Indymac Bank Fsb
Bought by
Mcgivney Patricia K and Mcgivney Daniel R

Purchase Details

Closed on
Mar 20, 2008
Sold by
Neels David W and Neels Crystal P
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Jan 25, 2006
Sold by
Neels Crystal P and Neels David W
Bought by
Neels David W and Neels Crystal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
1.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2005
Sold by
Neels Crystal and Neels Crystal P
Bought by
Neels David W and Neels Crystal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2003
Sold by
Hayley Ray
Bought by
Neels Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
6.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Rubalcava Janette $271,000 Orange Coast Ttl Co A Ca Cor
Tyco Llc -- Orange Coast Title Company
Southern Cross Llc $205,000 First American Title Company
Mcgivney Patricia K $129,000 Chicago Title Company
Indymac Bank Fsb $167,400 None Available
Neels David W -- United Title Company
Neels David W -- Financial Title Company
Neels Crystal $184,000 Commonwealth Land Title Co
Neels Crystal P -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rubalcava Janette $258,172
Closed Rubalcava Janette $266,091
Previous Owner Southern Cross Llc $153,750
Previous Owner Moreno Gilman 650 Llc $8,400,000
Previous Owner Neels David W $312,000
Previous Owner Neels David W $247,500
Previous Owner Neels Crystal $180,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $271,000 -2.9% $139 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $279,000 +36.1% $143 / Sq Ft
05/26/2017 05/26/17 Sold $205,000 -2.4% $105 / Sq Ft
04/08/2017 04/08/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $210,000 -- $108 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,411 $302,300 $44,617 $257,683
2023 $3,411 $290,564 $42,886 $247,678
2022 $3,464 $284,868 $42,046 $242,822
2021 $3,439 $279,283 $41,222 $238,061
2020 $3,200 $276,420 $40,800 $235,620
2019 $2,477 $213,282 $36,414 $176,868
2018 $2,400 $209,100 $35,700 $173,400
2017 $1,668 $142,568 $66,568 $76,000
2016 $2,167 $139,773 $65,263 $74,510
2015 $2,171 $137,676 $64,284 $73,392
2014 $2,041 $134,981 $63,026 $71,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19100401

California Regional Multiple Listing Service (CRMLS)

APN: 438-122-024