NOT LISTED FOR SALE
20 Beds
20 Baths
34,200 Sq Ft
1.35 Acre Lot

Sale Details

Date Sold: July 3, 2013

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

193 Days on Market

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 in unit
  • 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

1.35 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,300,000
Interest Rate
0.0356%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,674,000
Interest Rate
0.0357%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
0.0595%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0838%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,875
Interest Rate
0.085%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$2,792,000 Title 365 Company
-- --
-- Chicago Title
$1,440,000 United Title
-- Stewart Title
-- Stewart Title
$960,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $4,300,000
Previous Owner $2,500,000
Previous Owner $1,674,000
Previous Owner $2,100,000
Previous Owner $1,600,000
Previous Owner $1,000,000
Previous Owner $30,000
Previous Owner $781,875
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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

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