NOT LISTED FOR SALE

922 W Latham Ave Hemet, CA 92543

Estimated Value: $354,000 - $1,042,861

12 Beds
3 Baths
2,423 Sq Ft
$289/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $949,000 $392 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $4,555/month

3 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property

About This Home

As of August 2023

You have dreamed of being the landlord of multiple units? Here is an amazing opportunity to own 7 doors (3 small homes plus 2 duplexes) situated in a residential area and near downtown! Each duplex unit consists of 2 bedrooms, 1 bath, living room and kitchen plus a single car garage. 2 of the houses are 1 bedroom /1 bath cottages. One house is 2 bedroom/1 bath. Rents are currently below rental market pricing. Long term tenants in most.

Last Agent to Sell the Property

Debbie Green

Century 21 Masters License #00627832 Listed on: 07/14/2023

Century 21 Masters

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.62 Acre Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 12 Bedrooms
  • 2,423 Sq Ft Home
  • 1-Story Property

Utilities

  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 9-11
  • Assessor Parcel Number 442081008

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.62 Acres

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 442081008
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 391.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 27007.20
  • Lot Size Acres: 0.6200

Rental Info

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

Multi Family

  • Lot Size Area: 0.6200 Acres
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Rent Control: No

Tax Info

  • Tax Lot: 9-11
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Jul 25, 2023
Sold by
Stanton Family Living Trust
Bought by
Cobra 28 No 8 Lp
Seller's Agent
Debbie Green
Century 21 Masters
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$949,000
Sold Price
$949,000
Views
18
Current Estimated Value
$700,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$248,035
Avg. Annual Appreciation
-11.16%

Purchase Details

Closed on
Apr 13, 2018
Sold by
Stanton Deeann
Bought by
Stanton David A and Stanton Deeann J

Purchase Details

Closed on
Mar 26, 2010
Sold by
Barton Elsa E and Cobb Walter F
Bought by
Elsa E Barton Rental Properties Llc

Purchase Details

Closed on
Aug 26, 2008
Sold by
Barton Elsa E
Bought by
Barton Elsa E and Cobb Walter F

Purchase Details

Closed on
Apr 14, 1993
Sold by
Barton Elsa E
Bought by
Barton Elsa E
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
Cobra 28 No 8 Lp $949,000 Chicago Title
Stanton David A -- None Available
Stanton Deeann -- None Available
Elsa E Barton Rental Properties Llc -- None Available
Barton Elsa E -- None Available
Barton Elsa E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2023 08/08/23 Sold $949,000 0.0% $392 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $949,000 -- $392 / 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 $11,464 $967,980 $255,000 $712,980
2024 $11,464 $949,000 $250,000 $699,000
2023 $11,464 $140,782 $47,510 $93,272
2022 $1,799 $138,023 $46,579 $91,444
2021 $1,773 $135,317 $45,666 $89,651
2020 $1,774 $133,930 $45,198 $88,732
2019 $6,317 $535,500 $224,400 $311,100
2018 $1,693 $128,732 $43,445 $85,287
2017 $1,675 $126,209 $42,594 $83,615
2016 $1,665 $123,735 $41,759 $81,976
2015 $1,660 $121,879 $41,133 $80,746
2014 $1,595 $119,493 $40,328 $79,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23129850

California Regional Multiple Listing Service (CRMLS)

APN: 442-081-008

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