NOT LISTED FOR SALE

Perris, CA 92571

Central Perris Neighborhood
9 Beds
7 Baths
101,340 Sq Ft
4.4 Acres

Last Sold July 05, 2013

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

21 Days on Market

Highlights

  • Private Pool
  • 4.4 Acre Lot
  • Level Lot
  • Gated Parking
  • Forced Air Heating and Cooling System

About This Home

As of July 2013

This home since 25 February 2013. This property was built in 2007. This home 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

NoEmail NoEmail

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

Src Non-mls

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

  • Private Pool
  • In Ground Spa

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

0

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

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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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
07/05/2013 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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    NoEmail NoEmail

    Src Non-mls

    (646) 541-2551

    5 in this area

    6,180 Total Sales

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13032240

California Regional Multiple Listing Service (CRMLS)

APN: 320-320-008

California Riverside County Perris 92571

Central Perris

Not Listed for Sale

MultiFamily

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