NOT LISTED FOR SALE

817 E Hoffer St Banning, CA 92220

Estimated Value: $360,000 - $401,000

3 Beds
2 Baths
1,313 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $360,000 $274 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,443/month

11 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Hiking Trails
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2022

This is a great takeover for any investor wanting a Duplex Property. One unit is a 1 bed room 1 bath, the other unit is a 2 bed room 1 bath. Remotely close by the freeway and local casino. These two units are sitting on a 7405 Sq. ft lot with 1,313 of Sq Ft Living Space. Which gives plenty of room for any future ADU's. Each unit has its own electric and gas meter and shared water meter that is all paid by tenants.

Last Agent to Sell the Property

Americo Peralta

Americo Peralta License #01821991 Listed on: 02/26/2022

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Interior Spaces

  • 1,313 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 10
  • Tax Tract Number 44
  • Assessor Parcel Number 534251008
  • $61 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Hiking Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $695
  • Operating Expense $695
  • Gross Income $2,300
  • Net Operating Income $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Zoning: R1
  • Property Type: Residential Income
  • Parcel Number: 534251008
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 274.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 888 Square Feet
  • Average Studio Area: 425 Square Feet
  • Gross Income: 2300.00
  • Gross Scheduled Income: 2300.00
  • Insurance Expense: 695.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1800.00
  • Rent Control: No
  • Total Expenses: 695.00

Tax Info

  • Tax Census Tract: 442.00
  • Tax Lot: 10
  • Tax Tract Number: 044...
  • TaxOtherAnnualAssessmentAmount: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Jun 10, 2022
Sold by
Sampat and Mahesh
Bought by
Mppd Capital Llc
Seller's Agent
Americo Peralta
Americo Peralta
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$369,999
Sold Price
$360,000
Premium/Discount to List
-$9,999
-2.7%
Current Estimated Value
$384,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,667
Avg. Annual Appreciation
1.83%

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 16, 2022
Sold by
Premier Processing Services Inc
Bought by
Sampat Parul and Sampat Mahesh
Seller's Agent
Americo Peralta
Americo Peralta
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$369,999
Sold Price
$360,000
Premium/Discount to List
-$9,999
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2021
Sold by
Ob Marketing & Research Inc
Bought by
Premier Processing Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2019
Sold by
Hauer Steven R and Hauer Mary J
Bought by
Marketing & Research Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,010
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2011
Sold by
Renova Properties Llc
Bought by
Hauer Steven R and Hauer Mary J

Purchase Details

Closed on
Jul 28, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Renova Properties Llc

Purchase Details

Closed on
Feb 9, 2009
Sold by
Hernandez Sara
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 23, 2005
Sold by
Hernandez Pedro
Bought by
Hernandez Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2005
Sold by
Narvaiz Louie and Narvaiz Blanca Alicia
Bought by
Hernandez Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2000
Sold by
Gelhaus Boyd H and Gelhaus Nikki B
Bought by
Narvaiz Louie and Narvaiz Blanca Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,877
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 1999
Sold by
Delgado Albert and Delgado Ignacia R
Bought by
Gelhaus Boyd H and Gelhaus Nikki B
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
Mppd Capital Llc -- None Listed On Document
Sampat Parul $354,000 None Listed On Document
Premier Processing Services Inc $250,000 None Listed On Document
Marketing & Research Inc $215,000 Fidelity National Title Co
Hauer Steven R $99,000 California Title Company
Renova Properties Llc $32,500 Ticor Title
Federal Home Loan Mortgage Corporation $72,500 Accommodation
Hernandez Sara -- Commonwealth Land Title Co
Hernandez Sara $250,000 Commonwealth Land Title Co
Narvaiz Louie $79,000 First American Title Co
Gelhaus Boyd H $26,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sampat Parul $243,750
Previous Owner Premier Processing Services Inc $255,500
Previous Owner Marketing & Research Inc $117,010
Previous Owner Hernandez Sara $192,000
Previous Owner Narvaiz Louie $78,877
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $360,000 -2.7% $274 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $369,999 -- $282 / 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 $5,119 $375,664 $117,875 $257,789
2023 $5,119 $361,079 $113,299 $247,780
2022 $3,626 $255,000 $30,600 $224,400
2021 $3,099 $217,227 $25,259 $191,968
2020 $3,072 $215,000 $25,000 $190,000
2019 $1,627 $111,463 $22,515 $88,948
2018 $1,616 $109,278 $22,074 $87,204
2017 $1,590 $107,137 $21,642 $85,495
2016 $1,513 $105,037 $21,218 $83,819
2015 $1,491 $103,461 $20,900 $82,561
2014 $1,482 $101,437 $20,492 $80,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22035797

California Regional Multiple Listing Service (CRMLS)

APN: 534-251-008