Seller's Agent in 2020
Giselle Martinez
Excellence RE Real Estate
(714) 307-4719
48 Total Sales
22508 Old Elsinore Rd Perris, CA 92570
Estimated Value: $643,603 - $692,000
3
Beds
2
Baths
850
Sq Ft
$790/Sq Ft
Est. Value
Highlights
- Community Stables
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Horse Property
- No HOA
- Living Room
About This Home
As of December 2020Come build your own dream ranch style home or just keep it the way it is. Extra large corner lot sitting on almost 34,000 sq.ft.!!! Whether you want to live in one of the units while renting the other 3 or just renting all 4 units, this is a good investment property located in the Perris / Mead Valley area with value on land with lots of potential! With current rents, the CAP RATE is 8% - Each of the 4 units have their own legal address, utility meters (except water) and mail boxes. 3 of the units have 2 bedrooms, 1 bath (2 units have inside washer and dryer hookups and private yards. Units are currently renting for $1000 per month and one of the units has 1 bedroom, 1 bath, currently renting for $850 per month. 2 septic tanks on property. All tenants have been renting for long a time and all (including the current seller) would like to stay renting.
Last Agent to Sell the Property
Excellence RE Real Estate License #02032754 Listed on: 10/09/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 0.78 Acre Lot
- Property fronts a highway
- No Common Walls
- Rural Setting
- Fenced
- Fence is in average condition
- Corner Lot
- Back and Front Yard
- Value in Land
Home Design
- Quadruplex
- Additions or Alterations
- Cosmetic Repairs Needed
- Major Repairs Completed
- Fixer Upper
Interior Spaces
- 850 Sq Ft Home
- 1-Story Property
- Living Room
Flooring
- Carpet
- Concrete
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- Parking Available
- Assigned Parking
Outdoor Features
- Horse Property
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Septic Type Unknown
- Phone Available
- Cable TV Available
Additional Features
- Accessible Parking
- Suburban Location
- Agricultural
Listing and Financial Details
- Tenant pays for all utilities, exterior maintenance, grounds care, gas
- Tax Tract Number 42904
- Assessor Parcel Number 323120001
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Recreation
- Community Stables
- Horse Trails
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Trash Expense $400
- Water Sewer Expense $2,000
- New Taxes Expense $5,625
- Operating Expense $9,625
- Net Operating Income $36,575
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 10, 2022
Sold by
Eloy Hernandez-Sanchez
Bought by
Old Elsinore Trust
Current Estimated Value
Purchase Details
Listed on
Oct 9, 2020
Closed on
Nov 30, 2020
Sold by
Hernandez Anastasia Pablo
Bought by
Hernandez Sanchez Eloy
Seller's Agent
Giselle Martinez
Excellence RE Real Estate
Buyer's Agent
Manuel Meraz
Master Key Real Estate
List Price
$450,000
Sold Price
$450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$337,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 9, 2020
Closed on
Nov 5, 2020
Sold by
Gomez Myma Elizabeth
Bought by
Hernandez Sanchez Eloy
Seller's Agent
Giselle Martinez
Excellence RE Real Estate
Buyer's Agent
Manuel Meraz
Master Key Real Estate
List Price
$450,000
Sold Price
$450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 2013
Sold by
The Continental Corporation Ltd
Bought by
Gomez Myrna Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,787
Interest Rate
4.23%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 20, 2013
Sold by
Gomez Cesar
Bought by
Gomez Myrna Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,787
Interest Rate
4.23%
Mortgage Type
FHA
Purchase Details
Listed on
Apr 2, 2012
Closed on
May 17, 2012
Sold by
The Bank Of New York Mellon
Bought by
The Continental Corporation Ltd
Seller's Agent
Nick Fahed
The Ritz Real Estate
Buyer's Agent
Bryan Auer
eXp Realty of California, Inc.
List Price
$154,900
Sold Price
$169,000
Premium/Discount to List
$14,100
9.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.68%
Original Mortgage
$140,000
Interest Rate
3.77%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 25, 2011
Sold by
Tarver Dwayne
Bought by
The Bank Of New York Mellon
Purchase Details
Closed on
Dec 8, 2003
Sold by
Kincaid James Wyatt and Kincaid Darlene Jane
Bought by
Tarver Dwayne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
7.05%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Old Elsinore Trust | -- | -- | |
| Hernandez Sanchez Eloy | -- | Pacific Coast Title Company | |
| Hernandez Sanchez Eloy | $470,000 | Pacific Coast Title Company | |
| Gomez Myrna Elizabeth | $235,000 | Nations Title Company | |
| Gomez Myrna Elizabeth | -- | None Available | |
| The Continental Corporation Ltd | $169,000 | Landsafe Title Simi Valley | |
| The Bank Of New York Mellon | $99,000 | Landsafe Default Inc | |
| Tarver Dwayne | $285,000 | New Century Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hernandez Sanchez Eloy | $337,500 | |
| Previous Owner | Gomez Myrna Elizabeth | $228,787 | |
| Previous Owner | The Continental Corporation Ltd | $140,000 | |
| Previous Owner | Tarver Dwayne | $256,500 | |
| Closed | Tarver Dwayne | $14,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2020 12/04/20 | Sold | $450,000 | 0.0% | $529 / Sq Ft | |
| 10/19/2020 10/19/20 | For Sale | $450,000 | 0.0% | $529 / Sq Ft | |
| 10/12/2020 10/12/20 | Off Market | $450,000 | -- | -- | |
| 10/09/2020 10/09/20 | For Sale | $450,000 | +87.5% | $529 / Sq Ft | |
| 12/03/2013 12/03/13 | Sold | $240,000 | -17.2% | $134 / Sq Ft | View Prior Sale |
| 03/19/2013 03/19/13 | Pending | -- | -- | -- | |
| 07/09/2012 07/09/12 | For Sale | $289,900 | +71.5% | $162 / Sq Ft | |
| 06/25/2012 06/25/12 | Sold | $169,000 | +9.1% | $98 / Sq Ft | View Prior Sale |
| 05/01/2012 05/01/12 | Pending | -- | -- | -- | |
| 04/02/2012 04/02/12 | For Sale | $154,900 | -- | $90 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $5,429 | $487,092 | $92,006 | $395,086 |
| 2023 | $5,429 | $468,180 | $88,434 | $379,746 |
| 2022 | $5,371 | $459,000 | $86,700 | $372,300 |
| 2021 | $5,266 | $450,000 | $85,000 | $365,000 |
| 2020 | $4,639 | $263,404 | $39,228 | $224,176 |
| 2019 | $3,590 | $258,240 | $38,459 | $219,781 |
| 2018 | $4,522 | $253,177 | $37,705 | $215,472 |
| 2017 | $4,397 | $248,214 | $36,966 | $211,248 |
| 2016 | $4,054 | $243,348 | $36,242 | $207,106 |
| 2015 | $2,723 | $239,695 | $35,699 | $203,996 |
| 2014 | $2,660 | $235,000 | $35,000 | $200,000 |
Source: Public Records
Agents Affiliated with this Home
-
Giselle Martinez
-
Manuel Meraz
M
Buyer's Agent in 2020
Manuel Meraz
Master Key Real Estate
(310) 433-5981
27 Total Sales
-
D
Seller's Agent in 2013
DANIEL MOORE
DANIEL MOORE, BROKER
-
D
Buyer's Agent in 2013
David Morales
Century 21 Masters
-
N
Seller's Agent in 2012
Nick Fahed
The Ritz Real Estate
-
Ruby Pineda
Seller Co-Listing Agent in 2012
Ruby Pineda
Blue Monkey Realty
(951) 313-5229
61 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG20213805
APN: 323-120-001
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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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