NOT LISTED FOR SALE

517 E Acacia Ave Hemet, CA 92543

3 Beds
3 Baths
3,800 Sq Ft
0.29 Acres

Last Sold July 10, 2018

Last sale price $465,000 $122 Per Sq Ft

52 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room

About This Home

As of July 2018

Back on market subject to cancellation of current escrow. Nice single story building with Carport and open space parking located on a large lot. Located next to schools. Onsite laundry for tenant convenience and additional revenue. Laundry machines are newer and owned by Seller.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 03/23/2018

Last Buyer's Agent

Lucas Smith

Sell My Home Real Estate License #01904757

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.29 Acre Lot
  • No Units Above
  • Two or More Common Walls

Home Design

  • 3,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 81
  • Assessor Parcel Number 446081018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $1,200
  • Maintenance Expense $1,700
  • Trash Expense $800
  • Water Sewer Expense $3,700
  • New Taxes Expense $5,445
  • Operating Expense $17,945
  • Gross Income $360
  • Net Operating Income $23,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Water Sewer Expenses: 3700.00
  • Property Type: Residential Income
  • Parcel Number: 446081018
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 122.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 12420.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Income: 360.00
  • Gross Operating Income: 41089.00
  • Gross Scheduled Income: 42360.00
  • Insurance Expense: 1200.00
  • Laundry Income: 360.00
  • Maintenance Expense: 1700.00
  • Net Operating Income: 23150.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 17939.00
  • Other Income Description: Laundry
  • Rent Control: No
  • Total Expenses: 17945.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5445.00
  • Tax Census Tract: 434.01
  • Tax Lot: 2
  • Tax Tract Number: 081

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2018 07/10/18 Sold $465,000 -6.1% $122 / Sq Ft
06/25/2018 06/25/18 For Sale $495,000 0.0% $130 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $495,000 -- $130 / 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 $6,145 $541,214 $194,837 $346,377
2023 $6,145 $520,200 $187,272 $332,928
2022 $5,951 $510,000 $183,600 $326,400
2021 $5,798 $495,076 $176,813 $318,263
2020 $5,735 $490,000 $175,000 $315,000
2019 $5,437 $465,000 $165,000 $300,000
2018 $2,838 $238,433 $74,089 $164,344
2017 $2,806 $233,759 $72,637 $161,122
2016 $2,786 $229,176 $71,213 $157,963
2015 $2,778 $225,737 $70,145 $155,592
2014 $2,645 $221,318 $68,772 $152,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18067130

California Regional Multiple Listing Service (CRMLS)

APN: 446-081-018