NOT LISTED FOR SALE

908 Monarch St Hemet, CA 92543

Estimated Value: $683,000 - $818,372

8 Beds
8 Baths
4,026 Sq Ft
$179/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $405,000 $101 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,198/month

12 Days on Market

Highlights

  • No HOA
  • Storage
  • Forced Air Heating and Cooling System
  • Laundry Room
  • Landscaped
  • Level Lot

About This Home

As of December 2016

Great Opportunity to Own This Excellent Income Producing Single Level-4 Plex in Great Rental Area. All 4 Units Have 2 Bedroom 2 Bathrooms and 2 Attached Car Garages. Laundry in Each Unit. Rear Unit Has a Fireplace and Two Full Baths. Property Has Many Upgrades Including Newer Roof. All Units Have Separate Gas and Electric Meters along with Their One Water Heaters and Central A/C. Unit C has been recently remolded with new wood flooring, paint and stove.

This apartment complex is very well maintained, all units are rented. Please don not disturb tenants.

Last Agent to Sell the Property

Libby Gong

Pinnacle Real Estate Group License #01867322 Listed on: 10/08/2016

Pinnacle Real Estate Group

Last Buyer's Agent

Francis Enriquez

Ladera Home Realty License #01461203

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Front Yard

Parking

  • 8 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,026 Sq Ft Home
  • Storage
  • Laundry Room
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 10
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320059

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $1,600
  • Trash Expense $800
  • Water Sewer Expense $3,600
  • New Taxes Expense $2,812
  • Operating Expense $8,812
  • Gross Income $41,100
  • Net Operating Income $32,288

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 446320059
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 100.60

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11213.00
  • Lot Size Acres: 0.2574

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 41100.00
  • Gross Scheduled Income: 41100.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 11213.0000 Square Feet
  • Net Operating Income: 32288.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 1
  • Operating Expense: 8812.00
  • Rent Control: No
  • Total Expenses: 8812.00

Tax Info

  • New Taxes Expense: 2812.00
  • Tax Census Tract: 433.12
  • Tax Lot: 10
  • Tax Tract Number: 9924

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
$722,593

Purchase Details

Listed on
Oct 8, 2016
Closed on
Oct 24, 2016
Sold by
Zhou Zugui
Bought by
Jimenez Salvador
Seller's Agent
Libby Gong
Pinnacle Real Estate Group
Buyer's Agent
Francis Enriquez
Ladera Home Realty
List Price
$389,000
Sold Price
$405,000
Premium/Discount to List
$16,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$303,750
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2016
Sold by
Zhou Ling and Zhou Zugui
Bought by
Zhou Zugui

Purchase Details

Closed on
Jun 26, 2015
Sold by
Zhang Xianjie and Huang Qing
Bought by
Zhou Ling and Zhou Zugui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2006
Sold by
Velasquez Richard
Bought by
Velasquez Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Velasquez Richard
Bought by
Velasquez Richard

Purchase Details

Closed on
Feb 25, 2004
Sold by
Oates 1999 Charitable Remainder Unitrust
Bought by
Velasquez Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 1999
Sold by
Oates Walter L and Oates Nancy B
Bought by
Oates Walter L and Oates Nancy 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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Purchase History

Date Buyer Sale Price Title Company
Jimenez Jimenez Family Revocable Living Trust -- Pacific Coast Title
Jimenez Salvador $405,000 Wfg National Title Company
Zhou Zugui -- Provident Title Company
Zhou Ling $280,000 North American Title Company
Zhou Zugui -- North American Title Company
Zhou Ling -- North American Title Company
Velasquez Richard -- Accommodation
Velasquez Richard -- None Available
Velasquez Richard -- None Available
Velasquez Richard $400,000 United Title Company
Oates 1999 Charitable Remainder Unitrust -- --
Oates Walter L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jimenez Salvador $303,750
Previous Owner Zhou Ling $210,000
Previous Owner Velasquez Richard $498,200
Previous Owner Velasquez Richard $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2016 12/07/16 Sold $405,000 -0.2% $101 / Sq Ft
11/30/2016 11/30/16 Price Changed $406,000 +4.4% $101 / Sq Ft
10/20/2016 10/20/16 Pending -- -- --
10/08/2016 10/08/16 For Sale $389,000 +74.2% $97 / Sq Ft
01/28/2013 01/28/13 Sold $223,300 0.0% $45 / Sq Ft View Prior Sale
11/05/2012 11/05/12 Pending -- -- --
11/02/2012 11/02/12 For Sale $223,300 -- $45 / 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 $5,353 $470,030 $92,843 $377,187
2023 $5,353 $451,781 $89,239 $362,542
2022 $5,186 $442,924 $87,490 $355,434
2021 $5,102 $434,240 $85,775 $348,465
2020 $5,050 $429,788 $84,896 $344,892
2019 $4,942 $421,362 $83,232 $338,130
2018 $4,791 $413,100 $81,600 $331,500
2017 $4,734 $405,000 $80,000 $325,000
2016 $3,365 $280,000 $60,000 $220,000
2015 $2,812 $228,794 $46,107 $182,687
2014 $2,690 $224,313 $45,204 $179,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16715902

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-059

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