NOT LISTED FOR SALE

4550 E Florida Ave Hemet, CA 92544

Hemet Area

Estimated Value: $433,000 - $602,000

8 Beds
8 Baths
4,000 Sq Ft
$135/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2016

Last sale price $460,000 $115 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,170 / mo

11 Days on Market

About This Home

As of May 2016

2 CONTIGOUS LOTS EACH WITH 2 DUPLEXES FOR A TOTAL OF 4 DUPLEXES. ALL UNITS REPLUMBED,REWIRED,100AMP SERVICES,CERAMIC TILED KITS & BTHS. ENERGY WINDOWS, ETC.. DO NOT DISTURB TENANTS!!!!BOTH LOTS MUST CLOSE ESCROW SIMULTANEOUSLY.

Last Agent to Sell the Property

Matt Alderman

Matt Alderman, Broker License #00552391 Listed on: 04/21/2016

Last Buyer's Agent

Matt McPherson

Coleman and Associates License #01362837

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 11,648 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 15 Parking Spaces

Home Design

  • 4,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Rain Gutters
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 551180025

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Maintenance Expense $2,000
  • Trash Expense $750
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,664
  • Gross Income $4,195
  • Net Operating Income $40,390

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.27 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: OTHR
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 551180025
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 115.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 15.00

Utilities

  • Sewer: Conventional Septic
  • Trash Expense: 750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 11648.00
  • Price Per Lot Square Foot: 39.49

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4195.00
  • Gross Scheduled Income: 50340.00
  • Insurance Expense: 2400.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 40390.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 9950.00
  • Other Income Description: laundry is not set up for use.
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5664.00
  • Taxes Percent: 1.00
  • Tax Tract Number: 00

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

Listed on
Apr 21, 2016
Closed on
May 10, 2016
Sold by
Bought by
Seller's Agent
Matt Alderman
Matt Alderman, Broker
Buyer's Agent
Matt McPherson
Coleman and Associates
List Price
$471,800
Sold Price
$460,000
Premium/Discount to List
-$11,800
-2.5%
Current Estimated Value
$539,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,333
Avg. Annual Appreciation
1.58%

Purchase Details

Closed on
Oct 1, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2012
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
$93,750
Interest Rate
0.0396%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2012
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
$93,750
Interest Rate
0.0396%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 1995
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
$460,000 None Available
-- None Available
-- None Available
-- None Available
-- First American Title Company
$150,000 --
$45,000 First American Title Ins Co
$45,000 American Title Ins Co
-- --
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 $168,800
Previous Owner $93,750
Previous Owner $180,000
Previous Owner $25,000
Previous Owner $78,000
Previous Owner $15,000
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
05/17/2016 05/17/16 Sold $460,000 -2.5% $115 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $471,800 -- $118 / 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 $3,088 $272,267 $100,620 $171,647
2023 $3,088 $261,697 $96,714 $164,983
2022 $2,989 $256,567 $94,818 $161,749
2021 $2,940 $251,537 $92,959 $158,578
2020 $2,906 $248,958 $92,006 $156,952
2019 $2,843 $244,077 $90,202 $153,875
2018 $2,755 $239,292 $88,434 $150,858
2017 $2,723 $234,600 $86,700 $147,900
2016 $1,233 $101,133 $64,398 $36,735
2015 $1,229 $99,616 $63,432 $36,184
2014 $1,176 $97,667 $62,191 $35,476
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matt Alderman

    Matt Alderman, Broker

  • Matt McPherson

    Buyer's Agent in 2016

    Matt McPherson

    Coleman and Associates

    (951) 315-7914

    12 Total Sales

    Matt McPherson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16083302

California Regional Multiple Listing Service (CRMLS)

APN: 551-180-025

California Riverside County Hemet 92544

4550 E Florida Ave, Hemet, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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