$370,000

470 W Kimball Ave Hemet, CA 92543

Estimated payment $2,166/month

Total Views 358
4 Beds
2 Baths
1,384 Sq Ft
$267 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Cooling Available
  • 2 Attached Carport Spaces
  • Level Lot

About This Home

Excellent opportunity for a fist time buyer or investor. This fixer property is a two unit duplex currently rented with month to month tenants. The entrance Unit is one bedroom and one bathroom and the second unit is three bedroom and one bathroom. It has a large parking space and a nice size back yard on the back. It is very closed to Hemet down town, shopping center, movie theater and schools. Seller is very motivated to sell and has priced it accordingly. Great potential for a first time home owner to help pay the mortgage with rental income

Listing Agent

Destry Johnson

BHHS Ranch & Coast Real Estate Brokerage Phone: 951-541-4852 License #01136700 Listed on: 08/01/2025

BHHS Ranch & Coast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,678

Year Built

  • Built in 1971

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • Duplex
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1,384 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 12 / 24
  • Tax Tract Number 443
  • Assessor Parcel Number 443271009
  • $93 per year additional tax assessments
  • Seller Considering Concessions

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 $2,100
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • Operating Expense $5,100
  • Gross Income $28,800
  • Net Operating Income $23,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,678

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 185000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: R3
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 443271009
  • Year Built: 1971
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 267.34
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 23800.00
  • 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: 5000.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 5100.00

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 434.01
  • Tax Lot: 12
  • Tax Tract Number: 443
  • TaxOtherAnnualAssessmentAmount: 93.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,678 $143,119 $45,190 $97,929
2023 $1,678 $137,563 $43,436 $94,127
2022 $1,629 $134,867 $42,585 $92,282
2021 $1,603 $132,223 $41,750 $90,473
2020 $1,597 $130,868 $41,322 $89,546
2019 $1,564 $128,303 $40,512 $87,791
2018 $1,518 $125,788 $39,719 $86,069
2017 $1,501 $123,323 $38,941 $84,382
2016 $1,490 $120,906 $38,178 $82,728
2015 $1,486 $119,092 $37,605 $81,487
2014 $1,423 $116,761 $36,869 $79,892
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $370,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity National Financial
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed -- Lawyers Title Company
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $28,000 Commercial
Open $131,000 Commercial
Closed $98,000 Commercial
Previous Owner $44,827 Commercial
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25173668

California Regional Multiple Listing Service (CRMLS)

APN: 443-271-009