NOT LISTED FOR SALE

1785 N Perris Blvd Perris, CA 92571

Central Perris Neighborhood
3 Beds
3 Baths
13,750 Sq Ft
1.4 Acres

Last Sold September 11, 2017

Last sale price $2,200,000 $160 Per Sq Ft

115 Days on Market

Highlights

  • 60,983 Sq Ft lot
  • Corner Lot
  • 1-Story Property

About This Home

As of September 2017

A+ LOCATION!! HUGE INVESTMENT POTENTIAL!! 21 one story Units on 2 lots totaling approximately 1.4 Acres and Fronting on Prime Perris Blvd!! Tenants can walk directly across the street, where a Retail Boom is happening with the addition of the new Super Walmart, and numerous other retail/food businesses being built. Tenants pay Electric & Gas. The City of Perris is one of the fastest growing Cities in California, located halfway between San Diego and Los Angeles. Incredible Opportunity to enjoy great Income and take advantage of future Growth!!

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 03/21/2017

Pacific Sotheby's Int'l Realty

Co-Listed By

Michael Thornton

Pacific Sotheby's Int'l Realty License #01236638

Last Buyer's Agent

Dave Raj

Star Commerical Real Estate License #01165137

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.4 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 13,750 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 320250042

Community Details

Overview

  • 6 Buildings
  • 21 Units

Building Details

  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,808
  • Gardener Expense $2,400
  • Insurance Expense $7,800
  • Professional Management Expense $12,000
  • Trash Expense $6,928
  • Water Sewer Expense $17,907
  • New Taxes Expense $33,600
  • Operating Expense $83,840
  • Gross Income $226,440
  • Net Operating Income $142,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Professional Management Expense: 12000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 17907.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 320250042
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 160.00

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 6928.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 60983.00

Multi Family

  • Electric Expense: 2808.00
  • Gross Income: 226440.00
  • Gross Scheduled Income: 226440.00
  • Insurance Expense: 7800.00
  • Laundry Income: 1500.00
  • Net Operating Income: 142600.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 21
  • Operating Expense: 83840.00
  • Rent Control: No
  • Total Expenses: 83840.00

Tax Info

  • New Taxes Expense: 33600.00
  • Tax Census Tract: 426.17
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2017 09/11/17 Sold $2,200,000 -11.8% $160 / Sq Ft
06/17/2017 06/17/17 Price Changed $2,495,000 +4.2% $181 / Sq Ft
03/21/2017 03/21/17 For Sale $2,395,000 -- $174 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Stanfield

    Seller's Agent in 2017

    Sean Stanfield

    Pacific Sotheby's Int'l Realty

    (949) 244-9057

    563 Total Sales

    Sean Stanfield
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Michael Thornton

    Pacific Sotheby's Int'l Realty

    (949) 554-1200

    9 Total Sales

    Michael Thornton
    Section Image

  • D

    Buyer's Agent in 2017

    Dave Raj

    Star Commerical Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17059605

California Regional Multiple Listing Service (CRMLS)

APN: 320-250-042

California Riverside County Perris 92571 Central Perris

1785 N Perris Blvd, Perris, CA

Not Listed for Sale

MultiFamily

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