NOT LISTED FOR SALE

681 Lanier St Hemet, CA 92543

Estimated Value: $469,021 - $512,000

2 Beds
2 Baths
2,160 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $450,000 $208 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,002/month

58 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Central Heating
  • Neighborhood Views
  • Laundry Room
  • Front Yard

About This Home

As of August 2022

Up for your consideration is what I call a rare opportunity to purchase a duplex with long-term tenants in a quiet neighborhood and Cul-de-Sac. The addresses are 681 & 689 Lanier St.. Each unit has 2 Bedrooms and 2 Bathrooms. So what makes this a great opportunity?
How about fully remodeled units. The outside has been repainted, newer roof, new AC Compressor--back unit has new flooring/appliances/cabinetry and replaced heater. Bathrooms are remodeled with new tiles, cabinets with mirrors, baseboards and nice quality paint. There is even an exterior coin operated laundry room with Speed Queen machines! Please do not disturb tenants. Units will be shown with an accepted offer only. Looking forward to working with all investors/1031 clients or anyone recognizing this to be a GREAT investment! ***Property will NOT be delivered vacant***

Last Agent to Sell the Property

Sabrina Chapman

Liberty Real Estate License #02091234 Listed on: 05/16/2022

Last Buyer's Agent

Francis Enriquez

Ladera Home Realty License #01461203

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Gas and Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Two cooling system units
  • Central Heating
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 2916
  • Assessor Parcel Number 447173008
  • $111 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $250
  • Insurance Expense $1,160
  • Trash Expense $933
  • Water Sewer Expense $1,138
  • New Taxes Expense $2,280
  • Operating Expense $5,761
  • Gross Income $28,560
  • Net Operating Income $22,709

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1137.70
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 250.00
  • Parcel Number: 447173008
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 208.33
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Water Heater
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 933.12
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 28560.00
  • Gross Operating Income: 28560.00
  • Gross Scheduled Income: 28560.00
  • Insurance Expense: 1160.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 22709.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 5851.00
  • Rent Control: No
  • Total Actual Rent: 2380.00
  • Total Expenses: 5760.84

Tax Info

  • New Taxes Expense: 2280.00
  • Tax Census Tract: 434.03
  • Tax Lot: 2
  • Tax Tract Number: 2916
  • TaxOtherAnnualAssessmentAmount: 111.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Jimenez Salvador
Bought by
Jimenez Jimenez Family Revocable Living Trust and Jimenez
Current Estimated Value
$493,005

Purchase Details

Listed on
May 16, 2022
Closed on
Jul 21, 2022
Sold by
Ortzow Cheryl E and Ortzow Gregory A
Bought by
Jimenez Salvador
Seller's Agent
Sabrina Chapman
Liberty Real Estate
Buyer's Agent
Francis Enriquez
Ladera Home Realty
List Price
$479,500
Sold Price
$450,000
Premium/Discount to List
-$29,500
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%

Purchase Details

Closed on
Aug 11, 2019
Sold by
Ortzow Cheryl E
Bought by
Davis Gregory A and Davis Leona C

Purchase Details

Listed on
Sep 29, 2013
Closed on
Oct 10, 2013
Sold by
Patel Megha R
Bought by
Ortzow Cheryl E
Seller's Agent
Noe Gomez
New Century Realty & Investmen
Buyer's Agent
Stella Torres
RE/MAX Empire Properties
List Price
$167,900
Sold Price
$168,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%

Purchase Details

Closed on
Jul 22, 2011
Sold by
Patel Prakesh T
Bought by
Patel Megha R

Purchase Details

Closed on
Jun 14, 2001
Sold by
Reynolds Kathleen M
Bought by
Patel Prakesh Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,254
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2000
Sold by
Prince Henderson A and Prince Barbara A
Bought by
Reynolds Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,100
Interest Rate
7.89%
Mortgage Type
Commercial
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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Purchase History

Date Buyer Sale Price Title Company
Jimenez Jimenez Family Revocable Living Trust -- Pacific Coast Title
Jimenez Salvador $450,000 None Listed On Document
Davis Gregory A -- None Available
Ortzow Cheryl E $168,000 Chicago Title Inland Empire
Patel Megha R $80,810 None Available
Patel Prakesh Tony $113,000 Lawyers Title Company
Reynolds Kathleen M $98,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Prakesh Tony $111,254
Previous Owner Reynolds Kathleen M $88,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2022 08/03/22 Sold $450,000 -6.1% $208 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $479,450 0.0% $222 / Sq Ft
05/27/2022 05/27/22 For Sale $479,500 0.0% $222 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $479,500 +185.4% $222 / Sq Ft
11/01/2013 11/01/13 Sold $168,000 +0.1% $78 / Sq Ft View Prior Sale
10/02/2013 10/02/13 Pending -- -- --
09/29/2013 09/29/13 For Sale $167,900 -- $78 / 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 $5,293 $468,180 $78,030 $390,150
2023 $5,293 $450,000 $75,000 $375,000
2022 $2,317 $194,058 $40,425 $153,633
2021 $2,280 $190,254 $39,633 $150,621
2020 $2,267 $188,304 $39,227 $149,077
2019 $2,219 $184,612 $38,459 $146,153
2018 $2,153 $180,993 $37,705 $143,288
2017 $2,128 $177,445 $36,966 $140,479
2016 $2,113 $173,967 $36,242 $137,725
2015 $2,108 $171,356 $35,699 $135,657
2014 $2,016 $168,000 $35,000 $133,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22098672

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-008