NOT LISTED FOR SALE

764 W Devonshire Ave Hemet, CA 92543

Estimated Value: $423,615 - $448,000

4 Beds
3 Baths
1,856 Sq Ft
$236/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $240,000 $129 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,554/month

9 Days on Market

Highlights

  • Mountain View
  • Double Pane Windows
  • Laundry Room
  • No HOA
  • Living Room
  • Tile Flooring

About This Home

As of April 2018

Best Duplex on the block a Great Investment Opportunity and Investment! Very well kept duplex in Central Hemet you cannot miss it, with very nice unique red brick. This property has been rehabbed through the years. Front unit A is a 2 bedroom one bath; rear unit B is a 2 bedroom 2 bath with private patios. Units have gone through remodeling; One unit has granite counter tops and the other unit has laminate Black counter tops, Each unit has a private two car garage in rear of building and separate electric & gas meters. Each unit has washer and dryer hook ups located inside, stoves replaced in 2017, newer roll up garage doors. Entire building was painted on the end of 2017. Newer energy efficient dual pane windows and roof, one unit has a new water heater and newer AC unit. There is a private dead end alley access to garages and units. Easy maintenance with hardscape and small palms and rose coverings as required by city on front yard of property with a battery operated timer. All Utilities and trash service paid by tenants except water. The property has gone through the city inspection and any required city required repairs were completed in December of 2017. The duplex is located in a great and desirable neighborhood with single family residence across the street and surrounding areas. Close to all shopping and schools. Potential for higher rents in area exist, check rent averages on web for Hemet: ranges from $900 up for 2 bedrooms. STANDARD SALE - CASH FLOWS.

Last Agent to Sell the Property

Reyna Orta

Partner Real Estate License #01203567 Listed on: 03/21/2018

Partner Real Estate

Last Buyer's Agent

Oscar Sandoval Ocampo

PAK Home Realty License #02011692

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,130

Year Built

  • Built in 1977

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Parking Lot
  • Off-Street Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 5
  • Tax Tract Number 4529
  • Assessor Parcel Number 443101026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Water Sewer Expense $2,050
  • New Taxes Expense $1,600
  • Operating Expense $4,450
  • Gross Income $18,300
  • Net Operating Income $18,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,130

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: stove ranges
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Water Sewer Expenses: 2050.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 443101026
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 129.31
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Aluminum Siding, Block

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Single Door, Off Street, Parking Space
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Heating Type: Central, Electric, Natural Gas
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Paved
  • Lot Size Sq Ft: 6098.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 18300.00
  • Gross Operating Income: 18300.00
  • Gross Scheduled Income: 18300.00
  • Insurance Expense: 750.00
  • Net Operating Income: 18053.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 247.00
  • Rent Control: No
  • Total Expenses: 4450.00

Tax Info

  • New Taxes Expense: 1600.00
  • Tax Census Tract: 434.01
  • Tax Lot: 5
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Apr 12, 2018
Sold by
Serrano Jorge
Bought by
Orta Steve
Seller's Agent
Reyna Orta
Partner Real Estate
Buyer's Agent
Oscar Sandoval Ocampo
PAK Home Realty
List Price
$242,800
Sold Price
$240,000
Premium/Discount to List
-$2,800
-1.15%
Current Estimated Value
$438,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,154
Avg. Annual Appreciation
8.36%
Original Mortgage
$140,000
Outstanding Balance
$120,398
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$317,756

Purchase Details

Listed on
Mar 21, 2018
Closed on
Apr 3, 2018
Sold by
Orta Steve
Bought by
Angulo Jesus Ayala and Angulo Ramona
Seller's Agent
Reyna Orta
Partner Real Estate
Buyer's Agent
Oscar Sandoval Ocampo
PAK Home Realty
List Price
$242,800
Sold Price
$240,000
Premium/Discount to List
-$2,800
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$120,398
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$317,756

Purchase Details

Closed on
Jul 25, 2015
Sold by
Orta Steve
Bought by
Orta Steve and Serrano Jorge

Purchase Details

Closed on
Nov 4, 2014
Sold by
Duran Andres and Duran Emigdia
Bought by
Orta Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,283
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2011
Sold by
Garcia Juan H
Bought by
Duran Andres and Duran Emigdia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,750
Interest Rate
4.45%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Orta Steve -- None Available
Angulo Jesus Ayala $240,000 Stewart Title Of California
Orta Steve -- None Available
Orta Steve $150,000 Stewart Title Guaranty Co
Duran Andres $121,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angulo Jesus Ayala $140,000
Previous Owner Orta Steve $147,283
Previous Owner Duran Andres $90,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2018 04/27/18 Sold $240,000 -1.2% $129 / Sq Ft
04/05/2018 04/05/18 For Sale $242,800 +1.2% $131 / Sq Ft
04/02/2018 04/02/18 Off Market $240,000 -- --
03/30/2018 03/30/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $242,800 -- $131 / 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 $3,130 $273,073 $45,510 $227,563
2023 $3,130 $262,471 $43,744 $218,727
2022 $3,033 $257,326 $42,887 $214,439
2021 $2,984 $252,282 $42,047 $210,235
2020 $2,954 $249,696 $41,616 $208,080
2019 $2,891 $244,800 $40,800 $204,000
2018 $1,891 $158,436 $36,967 $121,469
2017 $1,869 $155,331 $36,243 $119,088
2016 $1,856 $152,286 $35,533 $116,753
2015 $1,851 $150,000 $35,000 $115,000
2014 $1,511 $123,979 $20,492 $103,487
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18065644

California Regional Multiple Listing Service (CRMLS)

APN: 443-101-026