NOT LISTED FOR SALE

635 Montecito Ave Hemet, CA 92543

Estimated Value: $620,000 - $991,000

8 Beds
4 Baths
3,200 Sq Ft
$259/Sq Ft Est. Value

Last Sold May 08, 2019

Last sale price $510,000 $159 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,861/month

28 Days on Market

Highlights

  • Mediterranean Architecture
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Chain Link Fence

About This Home

As of May 2019

****INVESTORS: HERE YOU GO!**** BACK ON THE MARKET SUBJECT TO CANCELLATION OF CURRENT ESCROW*****. Well maintained and managed fourplex in terrific location! Live in one or rent all four! All units are two bedroom/one bathroom each with their own garage! Fenced, with a large shared grass area, this property has everything. Ample additional parking both within the property and on the street. All units have been well maintained, locally managed and updated. Ceiling fans, raised panel doors, tile flooring throughout most. Long term stable tenants live in all units. KINDLY: DO NOT DISTURB OCCUPANTS, do not drive onto driveway or approach tenants!! Please call with any questions.

Last Agent to Sell the Property

Leslie Carrillo

Coldwell Banker Realty License #01243637 Listed on: 02/05/2019

Coldwell Banker Realty

Last Buyer's Agent

Lina Cui

Integrity Realty & Propty Mgmt License #02022440

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,200 Sq Ft Home
  • Mediterranean Architecture
  • Property Attached
  • Slab Foundation
  • Tile Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320065

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $3,120
  • Trash Expense $1,108
  • Water Sewer Expense $3,600
  • Operating Expense $7,828
  • Gross Income $46,140
  • Net Operating Income $38,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3120.00
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 3600.00
  • Zoning: R3
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 446320065
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 159.38

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Chain Link
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Other
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1108.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11136.00
  • Lot Size Acres: 0.2556

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Gross Income: 46140.00
  • Gross Scheduled Income: 46140.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 11136.0000 Square Feet
  • Net Operating Income: 38312.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7828.00
  • Rent Control: No
  • Total Expenses: 7828.00

Tax Info

  • Tax Census Tract: 433.12
  • Tax Lot: 16
  • Tax Tract Number: 9924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2021
Sold by
Li Su
Bought by
Su Li and Xie Lun
Current Estimated Value
$827,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Outstanding Balance
$331,622
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$496,113

Purchase Details

Listed on
Feb 5, 2019
Closed on
May 6, 2019
Sold by
Xie Lun
Bought by
Su Li
Seller's Agent
Leslie Carrillo
Coldwell Banker Realty
Buyer's Agent
Lina Cui
Integrity Realty & Propty Mgmt
List Price
$519,900
Sold Price
$510,000
Premium/Discount to List
-$9,900
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$361,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2019
Closed on
Apr 27, 2019
Sold by
Pengson Joel and Pengson Lucia
Bought by
Su Li
Seller's Agent
Leslie Carrillo
Coldwell Banker Realty
Buyer's Agent
Lina Cui
Integrity Realty & Propty Mgmt
List Price
$519,900
Sold Price
$510,000
Premium/Discount to List
-$9,900
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2004
Sold by
Pengson Joel A and Pengson Lucia A
Bought by
Pengson Joel and Pengson Lucia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,800
Interest Rate
6.08%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 10, 2004
Sold by
Kb & E Corp
Bought by
Pengson Joel A and Pengson Lucia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,250
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2003
Sold by
Melback Katie
Bought by
Melback Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2003
Sold by
Lacanglacang Zenaida
Bought by
Melback Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2001
Sold by
Zamora Julian and Zamora Sofia
Bought by
Lacanglacang Zenaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,197
Interest Rate
6.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2000
Sold by
Donnelly James A and Donnelly Suzanne L
Bought by
Zamora Julian and Zamora Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
8.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1999
Sold by
Ohta and Chisako
Bought by
Donnelly James A and Donnelly Suzanne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ohta Yasuji and Ohta Chisako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 1998
Sold by
Gibbons William J and Gibbons Ana C
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gibbons William J and Gibbons Ana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,900
Interest Rate
7.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 1997
Sold by
Odell Roger and Odell Marie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 15, 1994
Sold by
Odell Roger and Odell Marie
Bought by
Caradies Barbara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Su Li -- Provident Title
Su Li -- Lawyers Title
Su Li $510,000 Lawyers Title
Pengson Joel -- Fidelity National Title Co
Pengson Joel A $475,000 Fntic
Kb & E Corp -- Fntic
Melback Barry -- First American Title Co
Melback Barry $380,000 First American Title Co
Lacanglacang Zenaida $175,000 First American Title Co
Zamora Julian $150,000 Orange Coast Title
Donnelly James A $140,000 Chicago Title Co
Ohta Yasuji $107,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation -- First American Title Ins Co
Gibbons William J $110,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation $145,000 Old Republic Title Company
Caradies Barbara -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Li $352,000
Previous Owner Su Li $361,500
Previous Owner Pengson Joel $388,800
Previous Owner Pengson Joel A $378,250
Previous Owner Melback Barry $304,000
Previous Owner Lacanglacang Zenaida $172,197
Previous Owner Zamora Julian $122,400
Previous Owner Donnelly James A $107,000
Previous Owner Ohta Yasuji $85,600
Previous Owner Gibbons William J $87,900
Closed Zamora Julian $15,300
Closed Pengson Joel A $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2019 05/08/19 Sold $510,000 -1.9% $159 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $519,900 0.0% $162 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $519,900 -- $162 / 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 $6,448 $568,911 $200,792 $368,119
2023 $6,448 $546,821 $192,996 $353,825
2022 $6,245 $536,100 $189,212 $346,888
2021 $6,142 $525,589 $185,502 $340,087
2020 $6,077 $520,200 $183,600 $336,600
2019 $4,020 $340,000 $80,000 $260,000
2018 $3,973 $340,000 $80,000 $260,000
2017 $3,325 $280,000 $72,000 $208,000
2016 $3,022 $250,000 $65,000 $185,000
2015 $2,710 $220,000 $65,000 $155,000
2014 $2,529 $210,000 $65,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19027326

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-065