NOT LISTED FOR SALE

454 N Buena Vista St Hemet, CA 92543

Estimated Value: $344,000 - $535,000

5 Beds
3 Baths
2,268 Sq Ft
$200/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $220,350 $97 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,779/month

23 Days on Market

About This Home

As of December 2014

A terrific opportunity at an excellent price for this Residential Income opportunity! The property consists of 3 units, the front two are 1 bedroom 1 bath each, separated from the rear unit that boasts 3 bedrooms and 1.5 baths! The rear unit has its own side yard enclosed and the front units also have separate, private enclosed areas for their quiet enjoyment. There is common parking, a wonderful carport for 3-4 cars and plenty of driveway to enable many cars/trucks. The location of this property which is only 5 minute walk to either San Jacinto Blvd or Florida Ave (Hwy 74) make access to public transportation and to shopping and dining an excellent benefit of buying this property. The rents are steady the tenants long term and being located in a wonderful rental community which is Hemet, make this BUY particularly attractive. Dividends from this property have been generous, and since the sellers are motivated to sell you can be the person who's family or business can continue to build wealth for YOUR FUTURE! Come take a look, see for yourself, this opportunity is not common and it is NOW AVAILABLE TO YOU!

Located in a quiet and serene residential area with mostly houses, not units and a value that will not be on the market long! TAKE ADVANTAGE NOW!

Last Agent to Sell the Property

Oscar Lopez

Realty One Group Pacific License #01869818 Listed on: 10/14/2014

Realty One Group Pacific

Last Buyer's Agent

Oscar Lopez

Realty One Group Pacific License #01869818 Listed on: 10/14/2014

Realty One Group Pacific

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,870

Year Built

  • Built in 1959

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Home Design

  • 2,268 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 443151002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Trash Expense $150
  • Water Sewer Expense $1,050
  • Gross Income $25,200
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,870

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 10.70
  • Other Phone Description: Cellular
  • Other Phone Number: 951-522-2958
  • Property Attached: Yes
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Parcel Number: 443151002
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 97.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 25200.00
  • Gross Scheduled Income: 25200.00
  • Gross Spendable Income: 23700.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: unk
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2023
Sold by
Vital Javier
Bought by
Javier Vital 2023 Trust
Current Estimated Value
$454,317

Purchase Details

Closed on
Dec 6, 2017
Sold by
Vital Javier
Bought by
Vital Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2014
Closed on
Dec 1, 2014
Sold by
Mack Dean A and Harris William
Bought by
Vital Javier
Seller's Agent
Oscar Lopez
Realty One Group Pacific
Buyer's Agent
Oscar Lopez
Realty One Group Pacific
List Price
$225,000
Sold Price
$220,350
Premium/Discount to List
-$4,650
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$165,675
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 14, 2014
Closed on
Nov 3, 2014
Sold by
Harris Melissa
Bought by
Harris William F
Seller's Agent
Oscar Lopez
Realty One Group Pacific
Buyer's Agent
Oscar Lopez
Realty One Group Pacific
List Price
$225,000
Sold Price
$220,350
Premium/Discount to List
-$4,650
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,675
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 2, 2014
Sold by
Bmack Development Corporation
Bought by
Harris William F and Mack Dean A

Purchase Details

Closed on
Feb 2, 2010
Sold by
Mack Dean A and Mack Randa F
Bought by
Bmack Development Corp

Purchase Details

Closed on
Apr 22, 2009
Sold by
The Bank Of New York
Bought by
Mack Dean A and Mack Randa F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2008
Sold by
Madrigal Angel M
Bought by
The Bank Of New York

Purchase Details

Closed on
Jun 5, 2006
Sold by
Maddrigal Rosa Maria
Bought by
Madrigal Angel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 12, 2006
Sold by
Castorena Eduardo and Castorena Maria
Bought by
Madrigal Angel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 28, 2004
Sold by
3T Properties Llc
Bought by
Castorena Eduardo and Castorena Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,096
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2004
Sold by
Wooten Patrick T and Wooten Patricia M
Bought by
3T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.5%
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
Javier Vital 2023 Trust -- --
Vital Javier -- Provident Title Company
Vital Javier -- Provident Title Company
Vital Javier $221,000 First American Title Company
Harris William F -- First American Title Company
Mack Dean A -- First American Title Company
Harris William F -- None Available
Bmack Development Corp -- None Available
Mack Dean A $122,000 None Available
The Bank Of New York $220,000 Landsafe Title
Madrigal Angel M -- First Southwestern Title Co
Madrigal Angel M $465,000 First Southwestern Title Ca
Castorena Eduardo $375,000 Chicago Title Co
3T Properties Llc $247,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vital Javier $250,000
Previous Owner Vital Javier $199,500
Previous Owner Vital Javier $165,675
Previous Owner Mack Dean A $91,500
Previous Owner Madrigal Angel M $325,500
Previous Owner 3T Properties Llc $44,096
Previous Owner 3T Properties Llc $77,168
Previous Owner Castorena Eduardo $281,250
Previous Owner 3T Properties Llc $75,000
Previous Owner 3T Properties Llc $246,700
Previous Owner Wooten Patrick T $59,591
Closed Castorena Eduardo $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold $220,350 -2.1% $97 / Sq Ft
11/06/2014 11/06/14 Pending -- -- --
10/14/2014 10/14/14 For Sale $225,000 -- $99 / 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 $3,870 $265,479 $54,078 $211,401
2023 $3,870 $255,172 $51,979 $203,193
2022 $4,032 $250,169 $50,960 $199,209
2021 $3,906 $245,264 $49,961 $195,303
2020 $3,338 $242,750 $49,449 $193,301
2019 $2,826 $237,991 $48,480 $189,511
2018 $2,741 $233,326 $47,530 $185,796
2017 $2,709 $228,752 $46,599 $182,153
2016 $2,690 $224,268 $45,686 $178,582
2015 $2,682 $220,900 $45,000 $175,900
2014 $1,255 $100,030 $21,058 $78,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14220440

California Regional Multiple Listing Service (CRMLS)

APN: 443-151-002