$238,000
●
House -
Off Market
1467 Fallbrook Avenue
Hemet, CA 92545
2 Beds
2 Baths
1,103 Ft²
$353,909
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
Spacious 2 bed/2ba single story home on a generous corner lot!
This home is located on the corner of a cul-de-sac and in a
great interior spot within the neighborhood, but still close to
schools, park, and the nearby shopping center. There is a wood
burning fireplace with brick surround in the living room to cozy up
to on chilly nights, and spacious walk in closet in the master
bedroom with attached master bath. Additional features
include central heat and AC, a two car garage with covered access,
possible RV access, and clean condition! Currently tenant
occupied at $1250/mo on a month-to-month agreement, but tenant
takes great care of the home and has been there for several years,
so both investors and owner occupants are welcome!
Unit Size
1,103 Ft²
Days on Market
88 days
Land Size
0.16 acres
Price per sqft
$218
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #PW19035857)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Price Increased |
$445,000
↑ $5K
(1.2%) | |
| Price Increased | |||
| Aug 3, 2024 | Listed by Drive Real Estate, Inc. | $439,900 | |
| Listed by Drive Real Estate, Inc. | |||
| | |||
|
SUPER CUTE FAMILY HOME *** Updated and Modernized *** Solar included *** Located on a quiet cul-de-sac in South/West Hemet *** Nice Open Floorplan ***Located on Extra Large Corner lot with Large Yard and RV Parking *** Plenty of Room for a Pool *** Remodeled Kitchen with Quartz Countertops & Stainless-Steel Appliances *** All New Laminate Flooring *** All New Vinyl Windows *** Updated Bathrooms with high end Finishes *** Large Bedrooms *** Plenty of Room for an ADU *** Walking distance to Schools * Shopping And much more, Call today this one will sell fast...
| |||
| May 14, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: Noelle Longmeyer, Keller Williams Pacific Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19035857
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19035857
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