NOT LISTED FOR SALE

342 Wilkerson Ave Perris, CA 92570

Downtown Perris Neighborhood
20 Beds
20 Baths
34,200 Sq Ft
1.35 Acres

Last Sold July 03, 2013

Last sale price $2,792,000 $82 Per Sq Ft

193 Days on Market

Highlights

  • 1.35 Acre Lot
  • Laundry Room
  • Central Air

About This Home

As of July 2013

PRICE TO SELL-Lowest Priced Newer 2 Bed 2 Bath units in County. Less than $79,000per unit. Perris Villas is a well maintained two story apartment complex with 38 units built in 1992. The property is comprised of 2 two-story buildings, pitched tile roofs, and stucco walls. Each unit has 2 bedrooms / 2 baths, complete with spacious open floor plans, central air, dishwashers, washer/dryer hook-ups, and private balconies / patios. There are 2 additional laundry rooms in the complex for extra income.Perris Villas is easily accessed off the 4th St overpass from the I-215 Freeway and within walking distance to the new Metrolink Station. The City of Perris is located in the heart of Southern California, between San Diego and Los Angeles. Over $100 million dollars of new development has taken place within three miles of Perris Villa's.

Last Agent to Sell the Property

Helen Fann

KO TAI REALTY License #01466527 Listed on: 10/07/2012

KO TAI REALTY

Co-Listed By

Curt Wang

KO TAI REALTY License #00619215

Last Buyer's Agent

A.K. Ho

Pacific Sterling Realty License #01237648

Pacific Sterling Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 1.35

Home Design

  • 34,200 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Parking

  • 76 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Dishwasher
  • Laundry Room
  • 1.35 Acre Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 1
  • Assessor Parcel Number 310070073

Community Details

Overview

  • 2 Buildings
  • 38 Units

Amenities

  • Laundry Facilities

Building Details

  • 31 Leased Units
  • 39 Separate Electric Meters
  • 39 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,800
  • Gardener Expense $5,000
  • Insurance Expense $7,500
  • Maintenance Expense $13,000
  • Pest Control $1,500
  • Professional Management Expense $14,500
  • Trash Expense $9,600
  • Water Sewer Expense $36,000
  • New Taxes Expense $32,978
  • Gross Income $24,590
  • Net Operating Income $169,602

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 14500.00
  • Water Sewer Expenses: 36000.00
  • Property Type: Residential Income
  • Gardener Expense: 5000.00
  • Parcel Number: 310070073
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 81.64
  • Room Type: Master Bedroom

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 76.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Common Area, Inside
  • Pest Control Expense: 1500.00
  • Trash Expense: 9600.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 58806.00
  • Lot Size Acres: 1.3500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 920
  • Electric Expense: 4800.00
  • Gross Income: 24590.00
  • Gross Scheduled Income: 364464.00
  • Insurance Expense: 7500.00
  • Lot Size Area: 58806.0000 Square Feet
  • Maintenance Expense: 13000.00
  • Net Operating Income: 169602.00
  • Number Of Separate Electric Meters: 39
  • Number Of Separate Gas Meters: 39
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 31
  • Number Of Units Total: 38
  • Operating Expense: 125478.00
  • Other Income Description: 2 EXTRA LAUNDRY ROOMS
  • Rent Control: No
  • Total Actual Rent: 24590.00

Tax Info

  • New Taxes Expense: 32978.00
  • Tax Lot: 2
  • 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
07/03/2013 07/03/13 Sold $2,792,000 -6.9% $82 / Sq Ft
04/18/2013 04/18/13 Pending -- -- --
10/07/2012 10/07/12 For Sale $2,998,000 -- $88 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $38,462 $3,422,598 $649,702 $2,772,896
2023 $38,462 $3,289,696 $624,474 $2,665,222
2022 $38,048 $3,225,193 $612,230 $2,612,963
2021 $37,311 $3,161,955 $600,226 $2,561,729
2020 $36,851 $3,129,534 $594,072 $2,535,462
2019 $35,986 $3,068,172 $582,424 $2,485,748
2018 $34,350 $3,017,512 $571,004 $2,446,508
2017 $33,886 $2,958,532 $559,808 $2,398,724
2016 $33,158 $2,896,209 $548,832 $2,347,377
2015 $31,157 $2,852,783 $540,589 $2,312,194
2014 $30,143 $2,793,195 $530,000 $2,263,195
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2013

    Helen Fann

    KO TAI REALTY

    (626) 374-8887

    16 Total Sales

    Helen Fann
    Section Image
  • Curt Wang

    Seller Co-Listing Agent in 2013

    Curt Wang

    KO TAI REALTY

    (626) 374-8887

    2 Total Sales

    Curt Wang
    Section Image
  • A.K. Ho

    Buyer's Agent in 2013

    A.K. Ho

    Pacific Sterling Realty

    (626) 523-1697

    11 Total Sales

    A.K. Ho
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: W12124865

California Regional Multiple Listing Service (CRMLS)

APN: 310-070-073

California Riverside County Perris 92570 Downtown Perris

342 Wilkerson Ave, Perris, CA

Not Listed for Sale

MultiFamily

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