NOT LISTED FOR SALE

446 N Elk St Hemet, CA 92543

Estimated Value: $517,396 - $796,000

8 Beds
5 Baths
3,000 Sq Ft
$225/Sq Ft Est. Value

Last Sold September 04, 2014

Last sale price $250,000 $83 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $4,022/month

103 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Tile Flooring
  • Ceiling Fan
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2014

Investor Alert! Great cash flow on this nice 4 plex. 3 downstairs units and 1 upstairs. Nice corner location. 3 units are 2 bedrooms and 1 bath and 1 unit is a 2 bedroom and 2 bath. all four units are upgraded and modern feeling very clean tenants 4 car ports and laundry facility. Current rents are between $650-$775 per month.

Last Agent to Sell the Property

Jeff McClure

Rich Cosner & Associates License #01447998 Listed on: 04/19/2014

Last Buyer's Agent

Will Quintanilla

First Option Realty License #01252287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,385

Year Built

  • Built in 1979

Lot Details

  • 8,752 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 442304010

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $852
  • Water Sewer Expense $3,300
  • New Taxes Expense $2,342
  • Gross Income $2,825
  • Net Operating Income $7,694

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,385

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Parcel Number: 442304010
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 83.33
  • Room Type: Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 852.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8752.00
  • Lot Size Acres: 0.2010

Multi Family

  • Gross Income: 2825.00
  • Gross Scheduled Income: 33900.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8752.0000 Square Feet
  • Net Operating Income: 7694.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7694.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2342.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Annual Amount: 2385.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2019
Sold by
Gomez Gomez Ernesto Ernesto
Bought by
Cuica Victor
Current Estimated Value
$673,849

Purchase Details

Listed on
Apr 19, 2014
Closed on
Oct 9, 2014
Sold by
Orozco Sabino H and Orosco Esteban
Bought by
Gomez Ernesto
Seller's Agent
Jeff McClure
Rich Cosner & Associates
Buyer's Agent
Will Quintanilla
First Option Realty
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%

Purchase Details

Listed on
Apr 19, 2014
Closed on
Aug 28, 2014
Sold by
Herrejon Yolanda T
Bought by
Orozco Sabino H
Seller's Agent
Jeff McClure
Rich Cosner & Associates
Buyer's Agent
Will Quintanilla
First Option Realty
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Purchase Details

Closed on
Jun 25, 2014
Sold by
Palko Justin D
Bought by
Orozco Sabino H and Orosco Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2013
Sold by
Griffis Shane and Griffis Diana
Bought by
Palko Justin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2012
Sold by
Morrison Edward J
Bought by
Griffis Shane and Griffis Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2011
Sold by
Olivas Raul J and Olivas Erica
Bought by
Morrison Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Olivas Raul J and Olivas Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2007
Sold by
Herzer Mark L
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 5, 2005
Sold by
Ashworth Richard B
Bought by
Herzer Mark L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,200
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2005
Sold by
Arnold Herzer Barbara S
Bought by
Herzer Mark L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,200
Interest Rate
6.75%
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
Cuica Victor -- None Available
Gomez Ernesto -- None Available
Orozco Sabino H -- Lawyers Title
Orozco Sabino H $250,000 Lawyers Title
Palko Justin D $230,000 Fidelity National Title
Griffis Shane $195,000 Ticor Title Co
Morrison Edward J $190,000 Cctn Irvine Title
Olivas Raul J $175,000 First American Title Company
Jpmorgan Chase Bank Na $429,869 None Available
Herzer Mark L $504,000 First American Title Company
Herzer Mark L -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cuica Victor $350,000
Previous Owner Orozco Sabino H $125,000
Previous Owner Palko Justin D $172,500
Previous Owner Griffis Shane $146,250
Previous Owner Morrison Edward J $142,500
Previous Owner Olivas Raul J $131,250
Previous Owner Herzer Mark L $403,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2014 09/04/14 Sold $250,000 -9.1% $83 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
04/19/2014 04/19/14 For Sale $275,000 -- $92 / 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 $4,204 $366,969 $59,186 $307,783
2023 $4,204 $352,722 $56,889 $295,833
2022 $4,074 $345,807 $55,774 $290,033
2021 $4,008 $339,028 $54,681 $284,347
2020 $3,964 $335,553 $54,121 $281,432
2019 $3,879 $328,974 $53,060 $275,914
2018 $3,761 $322,524 $52,020 $270,504
2017 $3,717 $316,200 $51,000 $265,200
2016 $3,050 $253,812 $50,762 $203,050
2015 $3,041 $250,000 $50,000 $200,000
2014 $2,738 $230,000 $50,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14080412

California Regional Multiple Listing Service (CRMLS)

APN: 442-304-010