123 E Kimball Ave, Hemet, CA 92543
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123 E Kimball Ave Hemet, CA 92543

$350,000
  • 4 Beds
  • 4 Baths
  • -- Sq.Ft.
Pending
$350,000 Get Pre-Qualified

Map preview of 123 E Kimball Ave, Hemet, CA 92543

Property Overview: 123 E Kimball Ave Hemet, CA has 4 bedrooms, 4 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great location and good rents. Building has has (4) one bedroom units and a bonus office that has been used as a studio. Building has a fenced in yard. Walk Score of 84, so tenants can easily walk to stores and services. Every unit has an attached garage and an additional uncovered parking space. Studio unit has easy access to ample street parking. Stable performer. Laundry facility on site. Number of Furnished Units: 0

Listed by Ben Van Gaasbeek | BRE #01770057 | RealSmart
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 50
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Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1989
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
170028689
City
Hemet
County
Riverside
Time on Site
981 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $700
  • Total Rent: --
  • Pro Forma/Market Rent: $700
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $625
  • Total Rent: --
  • Pro Forma/Market Rent: $700
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $650
  • Total Rent: --
  • Pro Forma/Market Rent: $700
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $650
  • Total Rent: --
  • Pro Forma/Market Rent: $700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $37,800
  • Net Operating Income: $21,700
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 123 E Kimball Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Partial
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 443311001
Location / Neighborhood
Location Information
  • Subdivision Name: Out Of Area
  • Directions: Florida to S State to E Kimball CrossStreet: S State
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Sale History for 123 E Kimball Ave

Last leased for $1,500 on January 3rd, 2023
  • January, 2023

  • Jan 3, 2023

    Date

    Leased

    CRMLS: IG22256532

    $1,500

    Price

  • Dec 16, 2022

    Date

    Active

    CRMLS: IG22256532

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    Cozy single level 1 bedroom 1 bathroom apartment. The home is located on the second level of the building. Amenities specific to the apartment are an 1 car garage, 1 driveway parking space, 1 full bedroom with closet, 1 full tub & shower bathroom, stove & oven, garbage disposal, dinning room area and living room area. Common shared amenities are the secluded & locked backyard area, shared laundry room area and a shared balcony. Really close to entertainment, shopping, and food. Must see. Will rent quickly. Section 8 renters are welcome to apply.

  • January, 2019

  • Jan 27, 2019

    Date

    Sold

    CRMLS: PW18179875

    $400,000

    Price

  • Aug 22, 2018

    Date

    Active

    CRMLS: PW18179875

    $415,000

    Price

  • Listing provided courtesy of CRMLS

    These four units are fully occupied with long term tenants. Many new upgrades including new roof, new paint, new dishwashers, new heaters, and much more. This property has been approved by the city of Hemet as a residential income property. There were also a couple new air conditioning units installed this year. The entire deck upstairs has also been replaced and resurfaced. There is also an additional 5th unit that is currently not being utilized at full potential but may be used as an office. The unit has a shower, toilet, and kitchenette. Very nice building with plenty of upside potential.

  • January, 2019

  • Jan 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • August, 2018

  • Aug 21, 2018

    Date

    Pending

    CRMLS: 170028689

    $350,000

    Price

  • August, 2017

  • Aug 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $329,500

    Price

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Tax History for 123 E Kimball Ave

Assessed Value (2020): $408,000
Year Land Value Improved Value Assessed Value
2020 $102,000 $306,000 $408,000

Home Value Compared to the Market

This property vs the competition

123 E Kimball Ave is listed 18.51% lower than the median list price for the city of Hemet which has a median list price of $429,500.

About 123 E Kimball Ave

Detailed summary of property

123 E Kimball Ave is a multi family located in Hemet, CA 92543 and is currently in escrow to be sold. This multi family property offers 4 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 123 E Kimball Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner is currently asking $350,000. The median priced home in Hemet is $429,500 with a median price per square foot of $256. Based on Ardent Real Estate Group's Hemet Market Data, this home is listed 18.51% lower than the median priced home. Local competing homes currently for sale include 1262 6th St, 0 Green Tree Blvd and 15365 sixth st. While the average home in Hemet, CA is selling in 80 days, 123 E Kimball Ave has a days on market of 50 days. There are currently 418 homes for sale in the Hemet real estate market and 397 of them are single family homes while 21 of them are condos and 0 are townhomes. For more information on this home for sale at 123 E Kimball Ave Hemet, CA 92543 contact Ardent Real Estate Group and we will put you in touch with one of our Hemet agents.

Public Facts for 123 E Kimball Ave

Public county record property details
Beds
--
Baths
--
Year built
1987
Sq. Ft.
--
Lot Size
5,662
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
1,2
APN
443-311-001

The source for these homes facts are from public records.

92543 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$390,000
Median List Price/Sq.Ft.
$257
Median Sold Price
$355,000
Median Sold Price/Sq.Ft.
$274
Total Inventory
108
Median Sale to List Price %
98.64%
Avg Days on Market
47
Loan Type
Conventional (27.27%), FHA (31.82%), VA (13.64%), Cash (22.73%), Other (4.55%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.