NOT LISTED FOR SALE

944 Monarch St Unit 4 Hemet, CA 92543

Estimated Value: $714,000 - $861,000

8 Beds
8 Baths
4,026 Sq Ft
$200/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $493,250 $123 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,796/month

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • Bonus Room
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of April 2019

GREAT OPPORTUNITY TO OWN AN EXCELLENT INCOME PRODUCING PROPERTY. A FOURPLEX. UNIT "A" HAS TWO BEDROOMS PLUS A BONUS ROOM, TWO FULL BATHROOMS AND AN ATTACHED TWO CAR GARAGE. UNITS "B", "C", AND "D" ARE ALL TWO BEDROOMS, TWO FULL BATHROOMS AND ATTACHED TWO CAR GARAGE. ALL FOUR UNITS HAVE LAUNDRY INSIDE. ALL UNITS HAVE CENTRAL HEATING AND CENTRAL A/C. OWNER HAS BEEN REMODELING EACH UNITS AS THEY BECOME AVAILABLE. ALL FOUR UNITS ARE RENTED. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Aaron Marin

SAN MARINO REALTY License #01139451 Listed on: 03/14/2019

Last Buyer's Agent

Lina Cui

Integrity Realty & Propty Mgmt License #02022440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,230

Year Built

  • Built in 1975

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 4,026 Sq Ft Home
  • Living Room with Fireplace
  • Bonus Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320061

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $3,000
  • Water Sewer Expense $4,800
  • New Taxes Expense $6,112
  • Operating Expense $7,800
  • Gross Income $48,600
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,230

Year Built

Built in 1975

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 446320061
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 122.52
  • Room Type: All Bedrooms Down, Bonus Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 11251.00
  • Lot Size Acres: 0.2583

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 48600.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 11251.0000 Square Feet
  • Net Operating Income: 40800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7800.00
  • Rent Control: No
  • Total Expenses: 7800.00

Tax Info

  • New Taxes Expense: 6112.00
  • Tax Census Tract: 433.12
  • Tax Lot: 12
  • Tax Tract Number: 9924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2022
Sold by
Huifang Chen
Bought by
Chen Huifang and Yuen Yin Wa
Current Estimated Value
$803,494

Purchase Details

Closed on
Jul 10, 2022
Sold by
Waylang Lim William
Bought by
Chen Huifang

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 17, 2019
Sold by
Pintado Gabino and Pintado Dolores M
Bought by
Chen Huifang and Yuen Yin Wa
Seller's Agent
Aaron Marin
SAN MARINO REALTY
Buyer's Agent
Lina Cui
Integrity Realty & Propty Mgmt
List Price
$489,000
Sold Price
$493,250
Premium/Discount to List
$4,250
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 4, 2019
Sold by
Fai Ho Yam
Bought by
Yuen Yin Wa
Seller's Agent
Aaron Marin
SAN MARINO REALTY
Buyer's Agent
Lina Cui
Integrity Realty & Propty Mgmt
List Price
$489,000
Sold Price
$493,250
Premium/Discount to List
$4,250
0.87%

Purchase Details

Closed on
Feb 13, 2018
Sold by
Ezaaa Properties Llc
Bought by
Pintado Gabino and Pintado Dolores M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,628
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2014
Sold by
Acevedo Abel
Bought by
Ezaaa Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2014
Sold by
Huang Qing and Zhang Xianjie
Bought by
Acevedo Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2012
Sold by
Huang Qing and Zhang Xianjie
Bought by
Huang Qing and Zhang Xianjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
2.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2011
Sold by
Velasquez Richard
Bought by
Huang Qing and Zhang Xianjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 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
$486,500
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 27, 2006
Sold by
Velasquez Richard
Bought by
Velasquez Richard

Purchase Details

Closed on
Nov 12, 2004
Sold by
Aistars Ellen and Aistars Arnis
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
$455,200
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2003
Sold by
Grittman Maria
Bought by
Aistars Arnis and Aistars Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,700
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2001
Sold by
Keil Earl L
Bought by
Grittman Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Chen Huifang $49,500 None Listed On Document
Chen Huifang -- None Listed On Document
Chen Huifang $493,500 Lawyers Title Company
Yuen Yin Wa -- Lawyers Title
Chen Huifang -- Lawyers Title
Pintado Gabino $407,000 Lawyers Title
Ezaaa Properties Llc -- None Available
Acevedo Abel $300,000 Ticor Title
Huang Qing -- Wft Title
Huang Qing $232,000 Investors Title Company
Velasquez Richard -- Pacific Title Company
Velasquez Richard -- Multiple
Velasquez Richard -- None Available
Velasquez Richard $569,000 Chicago Title
Aistars Arnis $389,000 United Title Company
Grittman Maria $195,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pintado Gabino $399,628
Previous Owner Acevedo Abel $225,000
Previous Owner Huang Qing $173,000
Previous Owner Huang Qing $174,000
Previous Owner Velasquez Richard $486,500
Previous Owner Velasquez Richard $455,200
Previous Owner Aistars Arnis $349,700
Previous Owner Grittman Maria $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2019 04/23/19 Sold $493,250 +0.9% $123 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $489,000 -- $121 / 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 $6,230 $549,145 $82,383 $466,762
2023 $6,230 $527,823 $79,185 $448,638
2022 $6,045 $518,492 $77,786 $440,706
2021 $5,946 $508,326 $76,261 $432,065
2020 $5,883 $503,115 $75,480 $427,635
2019 $4,871 $415,140 $153,000 $262,140
2018 $3,714 $316,877 $73,937 $242,940
2017 $3,671 $310,665 $72,488 $238,177
2016 $3,645 $304,574 $71,067 $233,507
2015 $3,635 $300,000 $70,000 $230,000
2014 $2,841 $237,713 $40,985 $196,728
Source: Public Records

Agents Affiliated with this Home

  • Aaron Marin

    Seller's Agent in 2019

    Aaron Marin

    SAN MARINO REALTY

    (714) 609-1620

    36 Total Sales

    Aaron Marin
    Section Image

  • L

    Buyer's Agent in 2019

    Lina Cui

    Integrity Realty & Propty Mgmt

    (323) 360-1690

    40 Total Sales

    Lina Cui
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19056232

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-061

California Riverside County Hemet 92543

944 Monarch St Unit 4, Hemet, CA

This home is located at 944 Monarch St Unit 4, Hemet, CA 92543 since 14 March 2019 and is currently estimated at $803,494, approximately $199 per square foot. This property was built in 1975. 944 Monarch St Unit 4 is a home located in Riverside County with nearby schools including McSweeny Elementary School, Diamond Valley Middle School, and West Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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