$1,300,000
SOLD OCT 18, 2019
1 Bed
2 Baths
11,750 Sq Ft
1.5 Acres

Recently Sold

$111 Per Sq Ft

19% Below List Price

223 Days on Market

Highlights

  • Gated Community
  • No HOA
  • 1-Story Property
  • 1.5 Acre Lot
  • Outdoor Storage

About This Home

As of October 2019

This home is located at 789 S State St, San Jacinto, CA 92583 and is currently priced at $1,300,000, approximately $110 per square foot. This property was built in 1950. 789 S State St is a home located in Riverside County with nearby schools including Hyatt Elementary School, North Mountain Middle School, and San Jacinto High School.

Last Agent to Sell the Property

Sean Hwangbo

RE/MAX TIME REALTY License #01945497 Listed on: 02/07/2019

RE/MAX TIME REALTY

Last Buyer's Agent

Sean Hwangbo

RE/MAX TIME REALTY License #01945497 Listed on: 02/07/2019

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 1.5 Acre Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Interior Spaces

  • 11,750 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces

Additional Features

  • Outdoor Storage
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 26
  • Assessor Parcel Number 435220007

Community Details

Overview

  • No Home Owners Association
  • 18 Buildings
  • 20 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $14,469
  • Fuel Expense $3,620
  • Insurance Expense $3,287
  • Maintenance Expense $8,459
  • Professional Management Expense $8,400
  • Trash Expense $2,486
  • Water Sewer Expense $14,469
  • New Taxes Expense $19,568
  • Operating Expense $74,759
  • Gross Income $179,580
  • Net Operating Income $99,433

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 6.37
  • Price Per Unit: 78000
  • Professional Management Expense: 8400.00
  • Property Attached: No
  • Security: Gated Community
  • Water Sewer Expenses: 14469.00
  • Property Type: Residential Income
  • Parcel Number: 435220007
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 110.64

Exterior Features

  • Other Structures: Storage
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 25.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2486.00
  • 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: 11-15 Units/Acre
  • Lot Size Sq Ft: 65340.00
  • Lot Size Acres: 1.5000

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average Studio Area: 550 Square Feet
  • Electric Expense: 14469.00
  • Fuel Expense: 3620.00
  • Gross Income: 179580.00
  • Gross Scheduled Income: 174193.00
  • Insurance Expense: 3287.00
  • Lot Size Area: 1.5000 Acres
  • Maintenance Expense: 8459.00
  • Net Operating Income: 99433.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 74759.00
  • Rent Control: No
  • Total Expenses: 74759.00

Tax Info

  • New Taxes Expense: 19568.00
  • Tax Block: 26
  • Tax Lot: 10

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $1,300,000 -16.7% $111 / Sq Ft
07/01/2019 07/01/19 Price Changed $1,560,000 -2.5% $133 / Sq Ft
02/07/2019 02/07/19 For Sale $1,600,000 +62.4% $136 / Sq Ft
09/19/2014 09/19/14 Sold $985,000 -8.4% --
06/17/2014 06/17/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $1,075,000 +60.4% --
05/21/2012 05/21/12 Sold $670,000 -8.2% --
03/05/2012 03/05/12 Pending -- -- --
12/05/2011 12/05/11 For Sale $730,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19020077

California Regional Multiple Listing Service (CRMLS)

APN: 435-220-007