NOT LISTED FOR SALE
9 Beds
7 Baths
101,340 Sq Ft
4.4 Acre Lot

Sale Details

Date Sold: July 5, 2013

Last sale price $10,500,000 $104 Per Sq Ft

21 Days on Market

Highlights

  • In Ground Spa
  • 4.4 Acre Lot
  • Level Lot
  • Gated Parking
  • Forced Air Heating and Cooling System

About This Home

As of July 2013

This home is located at 650 E Nuevo Rd, Perris, CA 92571 since 25 February 2013. This property was built in 2007. 650 E Nuevo Rd is a home located in Riverside County with nearby schools including Clearwater Elementary School, Pinacate Middle School, and Perris High School.

Last Agent to Sell the Property

Non-mls Src

Src Non-mls License #0 Listed on: 02/25/2013

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 4.4 Acre Lot
  • Level Lot
  • Density is 21-25 Units/Acre

Home Design

  • Tile Roof

Interior Spaces

  • 101,340 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • Parking Available
  • Covered Parking
  • Gated Parking
  • Uncovered Parking
  • On-Site Parking
  • Assigned Parking
  • Unassigned Parking

Pool

  • In Ground Spa
  • Private Pool

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, gas, trash collection, water
  • Assessor Parcel Number 320320007

Community Details

Overview

  • 6 Buildings
  • 92 Units

Recreation

  • Community Pool

Building Details

  • 91 Leased Units
  • 92 Separate Electric Meters
  • 92 Separate Gas Meters
  • Electric Expense $16,421
  • Gardener Expense $16,000
  • Insurance Expense $16,000
  • Pool Expense $5,000
  • Trash Expense $17,946
  • Water Sewer Expense $61,522
  • New Taxes Expense $111,300
  • Gross Income $90,025
  • Net Operating Income $621,167

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

4.4 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 5.90
  • Inclusions: List of personal property to follow during escrow
  • Water Sewer Expenses: 61522.00
  • Property Type: Residential Income
  • Gardener Expense: 16000.00
  • Parcel Number: 320320007
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Levels: Two
  • Price Per Square Foot: 103.61
  • Spa Features: In Ground

Exterior Features

  • Pool Expense: 5000.00
  • Pool Features: Community
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Gated, On Site, Unassigned, Uncovered

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Trash Expense: 17946.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: 21-25 Units/Acre, Level with Street
  • Lot Size Sq Ft: 191664.00
  • Lot Size Acres: 4.4000

Rental Info

  • Tenant Pays: Cable TV, Gas, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 875
  • Average2 Bed Area: 1075
  • Average3 Bed Area: 1315
  • Electric Expense: 16421.00
  • Gross Income: 90025.00
  • Gross Multiplier: 9.20
  • Gross Scheduled Income: 1142220.00
  • Insurance Expense: 16000.00
  • Lot Size Area: 4.4000 Acres
  • Net Operating Income: 621167.00
  • Number Of Separate Electric Meters: 92
  • Number Of Separate Gas Meters: 92
  • Number Of Units Leased: 91
  • Number Of Units Total: 92
  • Operating Expense: 410542.00
  • Operating Expense Percent: 36.00
  • Other Income Description: RUBS, Late Fee, Etc.
  • Rent Control: No
  • Total Actual Rent: 90025.00
  • Vacancy Allowance Rate: 50.00

Tax Info

  • New Taxes Expense: 111300.00
  • Tax Year: 2011
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
07/05/2013 07/05/13 Sold $10,500,000 0.0% $104 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $10,500,000 -- $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 $50,306 $4,389,149 $1,144,157 $3,244,992
2023 $50,306 $4,218,715 $1,099,729 $3,118,986
2022 $49,639 $4,135,996 $1,078,166 $3,057,830
2021 $48,619 $4,054,899 $1,057,026 $2,997,873
2020 $48,008 $4,013,322 $1,046,188 $2,967,134
2019 $46,904 $3,934,630 $1,025,675 $2,908,955
2018 $44,809 $3,857,481 $1,005,564 $2,851,917
2017 $44,207 $3,781,846 $985,848 $2,795,998
2016 $43,332 $3,707,693 $966,518 $2,741,175
2015 $36,028 $3,110,938 $887,382 $2,223,556
2014 -- $3,050,000 $870,000 $2,180,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13032240

California Regional Multiple Listing Service (CRMLS)

APN: 320-320-008

Your Personal Tour Guide

Ask me questions while you tour the home.