NOT LISTED FOR SALE

370 E 6th St Perris, CA 92570

Downtown Perris Neighborhood

Estimated Value: $742,000 - $1,114,000

7 Beds
4 Baths
6,000 Sq Ft
$156/Sq Ft Est. Value

Sale Details

Date Sold: October 17, 2018

Last sale price $605,000 $101 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,686 / mo

20 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating and Cooling System
  • Galley Kitchen
  • Accessible Parking
  • Community Storage Space

About This Home

As of October 2018

Outstanding multi family investment opportunity . Huge 1367 sq feet townhouse style 4 bedroom 2 bath units (3) with patio and laundry room inside each apartment. One 3 bedroom unit with inside laundry room and 1.5 baths in 1058 sq feet. Storage room downstairs for tools/shop. Fully occupied units with garages close to shopping the 215 freeway and Metro Link rail.

Last Agent to Sell the Property

DAVE ROGERS

DAVE ROGERS REALTOR License #00602099 Listed on: 08/03/2018

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property
  • Pest Guard System

Kitchen

  • Galley Kitchen
  • Gas Cooktop
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 1
  • Assessor Parcel Number 313133024

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $960
  • Insurance Expense $2,000
  • Trash Expense $1,890
  • Water Sewer Expense $5,000
  • New Taxes Expense $7,500
  • Operating Expense $17,350
  • Gross Income $58,700
  • Net Operating Income $41,350

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

7,405 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 313133024
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One, Multi/Split
  • Price Per Square Foot: 100.83
  • Room Type: Galley Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1890.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Pest Control, Storage
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lawn
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1100 Square Feet
  • Electric Expense: 960.00
  • Gross Income: 58700.00
  • Gross Scheduled Income: 58700.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 41350.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 17350.00
  • Other Expense Description: 2017
  • Other Income Description: November 2018 projected
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 17350.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 428.00
  • Tax Lot: 4
  • Tax Tract Number: 001

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
Nov 18, 2020
Sold by
Bought by
Current Estimated Value
$933,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$373,740
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$560,124

Purchase Details

Closed on
Apr 3, 2020
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
$445,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2018
Closed on
Aug 29, 2018
Sold by
Bought by
Seller's Agent
DAVE ROGERS
DAVE ROGERS REALTOR
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$625,000
Sold Price
$605,000
Premium/Discount to List
-$20,000
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$453,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2005
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
$510,000
Interest Rate
8.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 3, 2005
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
$510,000
Interest Rate
8.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 31, 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
$70,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 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
$70,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 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
$289,850
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 1995
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
$62,100
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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 Co
-- Fidelity National Title Co
-- None Available
-- None Available
$605,000 Fidelity National Title Comp
-- First American Title Company
$170,000 Lawyers Title
$175,000 Accommodation
-- None Available
-- Orange Coast Title
$660,000 Orange Coast Title Company
-- First American Title Co
$140,000 First American Title Ins Co
$297,000 United Title Company
$341,000 Stewart Title
$69,000 First American Title Ins Co
$87,500 Orange Coast 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 $420,000
Closed $445,000
Previous Owner $453,750
Previous Owner $510,000
Previous Owner $70,000
Previous Owner $289,850
Previous Owner $62,100
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
10/30/2018 10/30/18 Price Changed $625,000 +3.3% $104 / Sq Ft
10/17/2018 10/17/18 Sold $605,000 -3.2% $101 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $625,000 -- $104 / 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 $7,707 $674,883 $172,902 $501,981
2023 $7,516 $648,679 $166,189 $482,490
2022 $7,435 $635,961 $162,931 $473,030
2021 $7,290 $623,492 $159,737 $463,755
2020 $7,211 $617,100 $158,100 $459,000
2019 $7,042 $605,000 $155,000 $450,000
2018 $4,068 $357,683 $71,104 $286,579
2017 $4,012 $350,670 $69,710 $280,960
2016 $3,931 $343,795 $68,344 $275,451
2015 $3,853 $338,632 $67,318 $271,314
2014 $3,764 $332,000 $66,000 $266,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    DAVE ROGERS

    DAVE ROGERS REALTOR

    (951) 686-3040

    7 Total Sales

    DAVE ROGERS
    Section Image
  • Avinash Narang

    Buyer's Agent in 2018

    Avinash Narang

    BRC Advisors BH

    (818) 288-0697

    48 Total Sales

    Avinash Narang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18187913

California Regional Multiple Listing Service (CRMLS)

APN: 310-053-014

California Riverside County Perris 92570 Downtown Perris

370 E 6th St, Perris, CA

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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