$1,250,000
$300K PRICE DROP

4439 Wade Ave Unit 1-5 Perris, CA 92571

Estimated payment $7,167/month

Total Views 16,297
19 Beds
8 Baths
5,895 Sq Ft
$212 Price per Sq Ft

Highlights

  • In Ground Pool
  • Evaporated cooling system
  • Whole House Fan
  • No HOA
  • Laundry Room
  • Floor Furnace

About This Home

1.1 acre parcel zoned light-industrial with 5 existing units, plus pool, pool-house and storage unit in rural, bucolic setting featuring Cedar, Birch, Eucalyptus, Loganberry trees with full-circle driveway access, dedicated firepit and more. Decorative sidewalks connect all units. 7 marked parking stalls, add'l unmarked parking for 10+ vehicles on property. Unit #1: 5b/2ba, 1,280 sqft, single-story / Unit #2: 2b/1ba, 630 sqft, single-story / Unit #3: 4b/2ba, 1,100 sqft, single-story / Unit #4: 2b/1ba, 670 sqft, single-story / Unit #5: 6b/2ba, 1,970 sqft (two-story, fireplace) Pool: 30' X 15' / Pool Hse, 1/2 ba, 300 sqft / Storage Unit: N/A, 500 sqft

Listing Agent

Jonathan Minerick

Homecoin.com Brokerage Phone: 888-400-2513 License #01523060 Listed on: 01/20/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1910

Interior Spaces

  • 5,895 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Evaporated cooling system
  • Whole House Fan
  • Floor Furnace
  • Wall Furnace
  • 220 Volts in Kitchen
  • Water Connected
  • Sewer Not Available
  • Phone Available
  • Cable TV Available

Additional Features

  • In Ground Pool
  • No Common Walls
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 314110031

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $23,000
  • Fuel Expense $2,400
  • Insurance Expense $4,000
  • Professional Management Expense $4,800
  • Trash Expense $800
  • Water Sewer Expense $3,600
  • Operating Expense $38,600
  • Gross Income $120,000
  • Net Operating Income $81,400

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,436

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Price Per Unit: 250000
  • Professional Management Expense: 4800.00
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Zoning: CPS
  • Property Sub Type: Townhouse
  • Property Type: Residential Income
  • Parcel Number: 314110031
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 212.04

Exterior Features

  • Pool Features: Association, In Ground
  • Pool Private: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Not Available, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Sewer: None
  • Trash Expense: 800.00
  • Water Source: None
  • Cooling: Evaporative Cooling, Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 47044.80
  • Lot Size Acres: 1.0800

Multi Family

  • Average2 Bed Area: 650 Square Feet
  • Electric Expense: 23000.00
  • Fuel Expense: 2400.00
  • Gross Income: 120000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 1.0800 Acres
  • Net Operating Income: 81400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 38600.00
  • Rent Control: No
  • Total Expenses: 38600.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 426.25
  • Tax Lot: 6
  • Tax Rate: 8053.00
  • Tax Annual Amount: 2436.30
  • Tax Year: 24

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $2,437 $208,789 $172,608 $36,181
2022 $2,366 $204,696 $169,224 $35,472
2021 $2,321 $200,683 $165,906 $34,777
2020 $2,297 $198,626 $164,205 $34,421
2019 $2,159 $194,733 $160,986 $33,747
2018 $2,129 $190,916 $157,830 $33,086
2017 $2,080 $187,174 $154,736 $32,438
2016 $2,056 $183,504 $151,702 $31,802
2015 $2,026 $180,749 $149,424 $31,325
2014 $2,002 $177,210 $146,498 $30,712
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Price Changed $1,250,000 -19.4% $212 / Sq Ft
01/20/2025 01/20/25 For Sale $1,550,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $150,000 Landsafe Title
Trustee Deed $159,750 --
Grant Deed $225,000 Chicago Title Co
Grant Deed -- Fidelity National Title Ins
Joint Tenancy Deed $29,000 --
Interfamily Deed Transfer -- Fidelity National Title Ins
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $180,000 Commercial
Previous Owner $100,000 Commercial
Closed $25,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25008308

California Regional Multiple Listing Service (CRMLS)

APN: 314-110-031