NOT LISTED FOR SALE

426 N Thompson St Hemet, CA 92543

Estimated Value: $462,000 - $533,000

6 Beds
2 Baths
2,016 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2020

Last sale price $320,000 $159 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,161 / mo

27 Days on Market

Highlights

  • Fishing
  • Granite Countertops
  • Hiking Trails
  • Community Lake
  • No HOA
  • 4 Car Direct Access Garage

About This Home

As of January 2020

Income producing property! Excellent cash flow & hefty return on your investment! Both units have been remodeled! All on one level, each unit is a 3 bedroom/1 bath and each have a double garage. This is an exceptional value as most duplexes in area are 2 bedrooms. Both units are individually metered for gas and electricity; another investor plus. On-site laundry is located in the garage making it easy for the tenants.

Last Agent to Sell the Property

Nancy Cotta

First Team Real Estate License #01828276 Listed on: 10/03/2019

First Team Real Estate

Last Buyer's Agent

MIGUEL GARCIA, JR.

MIGUEL GARCIA, BROKER License #01124679

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Fence is in average condition
  • Water-Smart Landscaping
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • No Driveway

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Asbestos Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Blinds
  • French Doors
  • Living Room
  • Granite Countertops
  • Laundry in Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Baseboard Heating
  • 220 Volts
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, security, telephone
  • Legal Lot and Block 8 / 2
  • Assessor Parcel Number 443153008

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Community Lake

Recreation

  • Fishing
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $100
  • Insurance Expense $1,000
  • Water Sewer Expense $1,900
  • New Taxes Expense $3,700
  • Operating Expense $7,000
  • Gross Income $29,640
  • Net Operating Income $18,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1900.00
  • Zoning: R2
  • Architectural Style: Ranch
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 443153008
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Door Features: French Doors
  • Levels: One
  • Price Per Square Foot: 158.73
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Poor Condition, Wood
  • Pool Private: No
  • Roof: Asbestos Shingle, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage Faces Rear, Garage - Two Door, No Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts
  • Heating Type: Baseboard, Floor Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Hiking, Lake, Park, Sidewalks, Storm Drains, Street Lights

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 20.00
  • Lot Features: 0-1 Unit/Acre, Landscaped, Rectangular Lot, Rocks
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Security, Telephone

Multi Family

  • Gross Operating Income: 29640.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 18720.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 1300.00
  • Total Expenses: 7000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3700.00
  • Tax Area: 6-001
  • Tax Block: 2
  • Tax Census Tract: 434.01
  • Tax Lot: 8

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
Oct 11, 2023
Sold by
Bought by
Current Estimated Value
$497,667

Purchase Details

Closed on
Oct 30, 2019
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
$314,204
Interest Rate
3.73%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 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
$153,650
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 20, 2011
Closed on
Feb 23, 2012
Sold by
Bought by
Seller's Agent
George Tektonopoulos
Tekton Real Estate
Buyer's Agent
Adam Castaneda
Adam Castaneda, Broker
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.44%
Original Mortgage
$116,958
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2005
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
$280,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 13, 2005
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
$280,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 9, 2003
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
$195,000
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2003
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
$197,400
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1994
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
$39,500
Interest Rate
8.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 1993
Sold by
Bought by
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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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
-- Pacific Coast Title
$320,000 Western Resources Title Co
$205,000 First American Title Company
$120,000 Orange Coast Title Co
$68,000 Chicago Title Company
$120,382 None Available
-- Orange Coast Title
$400,000 Orange Coast Title
$260,000 Chicago Title Co
$170,000 Chicago Title Co
$69,500 World Title Company
-- First American Title Insuran
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
Previous Owner $314,204
Previous Owner $153,650
Previous Owner $116,958
Previous Owner $280,000
Previous Owner $195,000
Previous Owner $197,400
Previous Owner $39,500
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 Prior Sale
01/22/2020 01/22/20 Sold $320,000 +7.0% $159 / Sq Ft
10/03/2019 10/03/19 For Sale $299,000 +45.9% $148 / Sq Ft
08/15/2016 08/15/16 Sold $205,000 +2.6% $102 / Sq Ft View Prior Sale
06/02/2016 06/02/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $199,900 +66.6% $99 / Sq Ft
03/07/2012 03/07/12 Sold $120,000 -19.9% $60 / Sq Ft View Prior Sale
02/24/2012 02/24/12 Pending -- -- --
09/20/2011 09/20/11 For Sale $149,900 -- $74 / 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
2025 $5,868 $489,600 $81,600 $408,000
2023 $5,868 $334,650 $83,662 $250,988
2022 $3,835 $328,089 $82,022 $246,067
2021 $3,772 $321,657 $80,414 $241,243
2020 $2,589 $217,440 $42,448 $174,992
2019 $2,534 $213,177 $41,616 $171,561
2018 $2,457 $208,998 $40,800 $168,198
2017 $2,429 $204,900 $40,000 $164,900
2016 $1,479 $127,320 $21,218 $106,102
2015 $1,474 $125,409 $20,900 $104,509
2014 $1,409 $122,955 $20,492 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19235408

California Regional Multiple Listing Service (CRMLS)

APN: 443-153-008

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