NOT LISTED FOR SALE

225 S G St Perris, CA 92570

Downtown Perris Neighborhood
9 Beds
6 Baths
12,700 Sq Ft
0.85 Acres

Last Sold May 10, 2019

Last sale price $2,100,000 $165 Per Sq Ft

13 Days on Market

Highlights

  • 0.85 Acre Lot
  • Laundry Room
  • Gravity Heating System
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

As of May 2019

20 unit property in a gated complex in nice area of Perris. This is an owner run property for the last 20+ years and is well maintained. All units are fully occupied with rents below market. The unit mix is 7- two bedrooms 1 bath and 13 one bedrooms 1 bath. All units have wall A/C units, free standing electric stoves and carpet/ lino flooring. There is a common laundry room with two washers and two dryers, the machines are leased on a monthly basis. The units are all electric with gas water heating supplied by the property. There are a total of 4 gas water heaters on the complex. The property is fully secured with block walls, chain link, wrought iron fencing and electric gate. Parking onsite with 40 marked open spaces. Building construction is made up of pitched composition roofing, stucco and wood exterior siding. Three common grass court yards with BBQ station and picnic benches. Close to shopping and easy freeway access.

Last Agent to Sell the Property

Rick Peterson

MR. REAL ESTATE License #00648356 Listed on: 04/02/2019

Last Buyer's Agent

Rick Peterson

MR. REAL ESTATE License #00648356 Listed on: 04/02/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.85 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 12,700 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Range
  • Free-Standing Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 19632
  • Assessor Parcel Number 310070060

Community Details

Overview

  • 2 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 22 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,247
  • Fuel Expense $3,558
  • Gardener Expense $2,735
  • Insurance Expense $4,811
  • Pest Control $636
  • Trash Expense $3,629
  • Water Sewer Expense $21,587
  • New Taxes Expense $28,000
  • Operating Expense $104,000
  • Gross Income $4,800
  • Net Operating Income $91,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 120000
  • Property Attached: Yes
  • Water Sewer Expenses: 21587.00
  • Zoning: C1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2735.00
  • Parcel Number: 310070060
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 165.35

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 40.00
  • Uncovered Spaces: 40.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Free-Standing Range, Gas Water Heater
  • Electric: 220 Volts in Kitchen
  • Heating Type: Gravity
  • Laundry Features: Community
  • Pest Control Expense: 636.00
  • Sewer: Public Sewer
  • Trash Expense: 3629.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 37026.00
  • Lot Size Acres: 0.8500

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Electric Expense: 3247.00
  • Fuel Expense: 3558.00
  • Gross Income: 4800.00
  • Gross Scheduled Income: 195468.00
  • Insurance Expense: 4811.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4800.00
  • Lot Size Area: 37026.0000 Square Feet
  • Net Operating Income: 91468.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Number Wall A C: 20
  • Number With Range: 20
  • Operating Expense: 104000.00
  • Rent Control: No
  • Total Actual Rent: 15889.00
  • Total Expenses: 104000.00

Tax Info

  • New Taxes Expense: 28000.00
  • Tax Census Tract: 428.00
  • Tax Lot: 1
  • Tax Tract Number: 19632

Range of Values:

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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 Change Sq Ft Price
04/03/2024 04/03/24 For Rent -- -- --
05/10/2019 05/10/19 Sold $2,100,000 0.0% $165 / Sq Ft
04/15/2019 04/15/19 Price Changed $2,100,000 -12.5% $165 / Sq Ft
04/02/2019 04/02/19 For Sale $2,400,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Peterson

    Seller's Agent in 2019

    Rick Peterson

    MR. REAL ESTATE

    (626) 688-4551

    6 Total Sales

    Rick Peterson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19073131

California Regional Multiple Listing Service (CRMLS)

APN: 310-070-060

California Riverside County Perris 92570 Downtown Perris

225 S G St, Perris, CA

This home is located at 225 S G St, Perris, CA 92570 since 02 April 2019. This property was built in 1978. 225 S G St is a home located in Riverside County with nearby schools including Perris Elementary School, Pinacate Middle School, and Perris High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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