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Sold on 01/04/2008
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525 E Thornton Ave, Hemet, CA 92543

$1,880,000

Last sold 01/04/2008 after 103 Days

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    bed

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    bath

Multi-family not for sale
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About 525 E Thornton Ave

Property type Multi-family
Year built 1970
HOA fee $0/month
Lot size 0.61 Acre
Parking 32 garage spaces
Rental estimate
Property description
ASSUMABLE FINANCING AT 6%, NO QUALIFYING for $1,050,000 loan until 2015. Recently Remodeling with 275k in upgrades in past 18 months. Excellent location adjacent to the Echo Hills Golf Course with Fairway Views. New highway connector to Interstate 215 provides easy access to this growing area. Limited Competition in this market due to size minimum for new apartment development. TOWNHOME STYLE 2 Story units with individual 2 car garages, balcony off bedroom with views of a tree lined mature golf course and adjacent mountain views. Tenative Map approved for 16 Condos in the future. GOOD location and Effective age.
Listed by
Listing Agent - David Dudek
Listing Office - Capital Real Estate
Source: CRMLS mls logo
MLS#T07140210 • last updated 18 years ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Levels/Style Two
Type Residential Income
Status Closed
Lot Size (Acres) 0.61
Lot Size (SqFt) 26568
Year Built 1970
Interior
Appliances Dishwasher, Water Heater Central
Interior Features Built-in Features
Exterior
Construction Frame, Stucco
Roof See Remarks
Building Area 16692
# Parking Spaces 68
# Garage Spaces 32
Lot Description Lot 20000-39999 Sqft
Amenities / Utilities
Water Source Public
Pool See Remarks
Location
View Golf Course, Mountain(s), Pool
County Riverside
Subdivision OTHR, OTHR
Zoning R2a
APN 451130005
Multifamily Details
Operating Expense 51300
Cap Rate 5.93
Expense: Insurance 4900
Expense: Maintenance 6000
Expense: Water/ Sewer 10800
Gross Income 15440
Gross Multiplier 12.13
Gross Scheduled Income 178800
Expense: Supplies 100
Expense: Gardener 1200
Rental est.: $1,635/month
Gross rent multiplier: 95.8
  • Sep 2011
    Public Records
  • Sep 9, 2011 Sold
    $1,250,000 (-33.5%)
  • Jan 2008
    mls logo MLS # T07140210
  • Jan 8, 2008 Sold
    $1,880,000 (+126.5%)
  • Sep 23, 2007 Listed
    $2,150,000 (+19.4%)
  • Jan 2008
    Public Records
  • Jan 4, 2008 Sold
    $830,000 (-61.4%)
  • May 2005
    Public Records
  • May 23, 2005 Sold
    $1,800,000
  • Year Property taxes Tax assessment
  • 2025
    $18,095 +2.0%
    $1,570,056
  • 2024
    $17,746 +1.3%
    $1,570,056 +4.04%
  • 2023
    $17,520 +2.0%
    $1,509,091 +2.0%
  • 2022
    $17,181 +1.7%
    $1,479,502 +2.0%
  • 2021
    $16,898 +1.2%
    $1,450,493 +1.04%
  • 2020
    $16,690
    $1,435,621
  • 525 E Thornton Ave
    $1.88M
  • —
  • 92543
    $385K -1% y/y
  • Hemet
    $425K -3% y/y
No chart available
Statistics calculated by Movoto

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5/10
Mcsweeny Elementary School
public Grades K-5
Hemet Unified School District
4/10
Diamond Valley Middle School
public Grades 6-8
Hemet Unified School District
5/10
West Valley High School
public Grades 9-12
Hemet Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. 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.
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