NOT LISTED FOR SALE

792 Oleander St Hemet, CA 92543

Estimated Value: $621,000 - $711,000

2 Beds
2 Baths
31,014 Sq Ft
$22/Sq Ft Est. Value

Last Sold October 07, 2024

Last sale price $695,000 $22 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,763/month

186 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

As of October 2024

We're pleased to present to market the rare opportunity to acquire an entire portfolio of 12 multifamily properties totaling 30 units in San Jacinto and Hemet, California. The assets are all two to four unit buildings, range in age from 1974 to 1989, and every unit in this portfolio is a desirable and spacious two-bedroom/one-and-three-quarter-bath floor plan. This portfolio is offered in its entirety, and all properties must be acquired together.

Portfolio properties include:
454 East 1st Street, San Jacinto, CA
462 East 3rd Street, San Jacinto, CA
470 East 3rd Street, San Jacinto, CA
772 Oleander Street, Hemet, CA
792 Oleander Street, Hemet, CA
580 Ironwood Street, Hemet, CA
763 Ponderosa Drive, Hemet, CA
26112 Camphorwood Ave, Hemet, CA
41096 Beachwood Ave, Hemet, CA
41085 Alder Ave, Hemet, CA
763 Evergreen Street, Hemet, CA

This portfolio listing is also found under MLS listing ID: PW24061045

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 04/01/2024

Co-Listed By

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Last Buyer's Agent

Daniel Talamentes

VPMI, INC. License #02021732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 2.62 Acre Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 31,014 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 437104018
  • $267 per year additional tax assessments

Community Details

Overview

  • 12 Buildings
  • 30 Units

Building Details

  • Rent Control
  • 30 Separate Electric Meters
  • 30 Separate Gas Meters
  • Net Operating Income $325,555

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.55
  • Property Attached: No
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 437104018
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 22.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 114124.00
  • Lot Size Acres: 2.6199

Multi Family

  • Lot Size Area: 114124.0000 Square Feet
  • Net Operating Income: 325555.00
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Units Total: 30
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 436.01
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 267.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Aug 15, 2024
Sold by
Ness Family Living And Revocable Trust and Janssen Terry L
Bought by
Aguilera Trust and Aguilera
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Daniel Talamentes
VPMI, INC.
List Price
$7,160,000
Sold Price
$695,000
Premium/Discount to List
-$6,465,000
-90.29%
Views
30
Current Estimated Value
$677,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,792
Avg. Annual Appreciation
-1.89%
Original Mortgage
$370,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2013
Sold by
Janssen Terry Lee
Bought by
Janssen Terry L and Janssen Patricia Marie
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
Aguilera Trust $695,000 Ticor Title
Janssen Terry L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aguilera Trust $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 Sold $695,000 -90.3% $22 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $7,160,000 -- $231 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,956 $695,000 $180,000 $515,000
2023 $2,956 $238,916 $59,714 $179,202
2022 $2,869 $234,233 $58,544 $175,689
2021 $2,824 $229,642 $57,397 $172,245
2020 $2,798 $227,288 $56,809 $170,479
2019 $2,741 $222,833 $55,696 $167,137
2018 $2,661 $218,464 $54,604 $163,860
2017 $2,631 $214,182 $53,534 $160,648
2016 $2,613 $209,984 $52,485 $157,499
2015 $2,606 $206,832 $51,698 $155,134
2014 $2,495 $202,784 $50,687 $152,097
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    87 Total Sales

    Steve Bogoyevac
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    David O'Keefe

    Marcus & Millichap

    (562) 257-1200

    45 Total Sales

    David O'Keefe
    Section Image

  • D

    Buyer's Agent in 2024

    Daniel Talamentes

    VPMI, INC.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24064549

California Regional Multiple Listing Service (CRMLS)

APN: 446-104-014

California Riverside County Hemet 92543

792 Oleander St, Hemet, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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