15394 Perris Blvd Moreno Valley, CA 92551
Armada NeighborhoodEstimated payment $6,733/month
Highlights
- No HOA
- Fireplace
- 5 Detached Carport Spaces
- Balcony
- Laundry Room
- Garden
About This Home
Well-maintained four-unit multifamily property located in a strong rental area of Moreno Valley. All four units are 2-bedroom, 1-bath layouts and the property is fully occupied with stable tenants and a favorable utility structure. Unit 1: $2,000/month – Lease through 5/2026
Unit 2: $1,803/month – Month-to-month
Unit 3: $1,900/month – Month-to-month
Unit 4: $1,900/month – Month-to-month Gross Scheduled Income: $91,236 annually - Each unit has its own electric and gas meter; tenants pay their own usage
- Fifth electric meter services common-area lighting
- Fifth gas meter services shared water heater (owner pays)
- One water meter – water paid by owner
- Average monthly owner utilities: approx. $450
- Gardener: $200/month
- Trash: $151/month
- Pest control: $80/month
Insurance: $333/month Tax Rate 1.13% Annual Operating Expenses: $14,568 Property offers stable tenancy with potential for rent adjustments on the three month-to-month units. Convenient location near shopping, transportation, and community amenities. A solid opportunity for buyers seeking a well-performing multifamily investment.
Listing Agent
The Realty Co Brokerage Phone: 562-536-9270 License #01957982 Listed on: 11/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,281
Year Built
- Built in 1979
Lot Details
- 6,969 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Garden
- Front Yard
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,484 Sq Ft Home
- 2-Story Property
- Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 5 Parking Spaces
- 5 Detached Carport Spaces
- Parking Available
Outdoor Features
- Balcony
- Fireplace in Patio
- Exterior Lighting
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 2995
- Assessor Parcel Number 486091001
- $402 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,800
- Fuel Expense $1,800
- Gardener Expense $2,400
- Insurance Expense $3,996
- Pest Control $960
- Trash Expense $1,812
- Water Sewer Expense $1,800
- New Taxes Expense $13,560
- Operating Expense $14,568
- Gross Income $91,236
- Net Operating Income $76,668
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,281 | $445,277 | $84,725 | $360,552 |
| 2023 | $5,281 | $427,988 | $81,436 | $346,552 |
| 2022 | $5,087 | $419,597 | $79,840 | $339,757 |
| 2021 | $5,004 | $411,371 | $78,275 | $333,096 |
| 2020 | $4,952 | $407,154 | $77,473 | $329,681 |
| 2019 | $4,874 | $399,171 | $75,954 | $323,217 |
| 2018 | $4,782 | $391,345 | $74,466 | $316,879 |
| 2017 | $4,681 | $383,672 | $73,006 | $310,666 |
| 2016 | $4,636 | $376,150 | $71,575 | $304,575 |
| 2015 | $3,137 | $242,725 | $54,773 | $187,952 |
| 2014 | -- | $237,972 | $53,701 | $184,271 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $1,200,000 | +223.9% | $344 / Sq Ft | |
| 01/15/2015 01/15/15 | Sold | $370,500 | -11.6% | $105 / Sq Ft | View Prior Sale |
| 10/31/2014 10/31/14 | Pending | -- | -- | -- | |
| 08/05/2014 08/05/14 | For Sale | $419,000 | -- | $118 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $370,500 | Lawyers Title Insurance Co | |
| Grant Deed | -- | Fnt Ie | |
| Grant Deed | $226,000 | Fidelity National Title Ie | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Trustee Deed | $183,150 | Landsafe Title | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $626,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $220,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $156,000 | First Southwestern Title | |
| Interfamily Deed Transfer | -- | First Southwestern Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $259,350 | Commercial | |
| Previous Owner | $169,500 | Commercial | |
| Previous Owner | $438,200 | Commercial | |
| Previous Owner | $125,200 | Credit Line Revolving | |
| Previous Owner | $266,500 | Commercial | |
| Previous Owner | $176,000 | Commercial | |
| Previous Owner | $128,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25265393
APN: 486-091-001
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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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