NOT LISTED FOR SALE

Perris, CA 92570

Downtown Perris Neighborhood
3 Beds
4 Baths
5,264 Sq Ft
0.38 Acres

Last Sold May 19, 2016

Last sale price $665,000 $126 Per Sq Ft

12 Days on Market

Highlights

  • No Units Above
  • Open Floorplan
  • No HOA
  • 0.38 Acre Lot
  • Property is near a park
  • 2-minute walk to Mercado Park

About This Home

As of May 2016

Fully Occupied 12 units with a good unit mix, with an onsite laundry room, on a large lot with alley access and across from a New Beautiful Family Park. Close to Schools, Perris Down Town, Post Office, Home Depot and Winco Shopping center, Perris Plaza and Sheriffs Office.
The City of Perris in the middle of a Redevelopment phase, which includes a Downtown renovation plan, Parks, New Buildings and a Metrolink which will connect to many cities around Southern California.

Last Agent to Sell the Property

NoEmail NoEmail

Src Non-mls License #0 Listed on: 01/28/2016

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.38 Acre Lot
  • Property fronts an alley
  • No Units Above
  • 1 Common Wall
  • Chain Link Fence
  • Level Lot
  • Sprinkler System
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 5,264 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 428
  • Assessor Parcel Number 313272026

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $510
  • Insurance Expense $2,702
  • Maintenance Expense $2,821
  • Pest Control $780
  • Trash Expense $1,804
  • Water Sewer Expense $8,885
  • New Taxes Expense $7,782
  • Net Operating Income $59,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 9.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 8885.00
  • Property Type: Residential Income
  • Parcel Number: 313272026
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 126.33

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 780.00
  • Trash Expense: 1804.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Level with Street, Lot 10000-19999 Sqft, Park Nearby, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 16553.00
  • Price Per Lot Square Foot: 40.17
  • Lot Size Acres: 0.3800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 450
  • Average2 Bed Area: 650
  • Average Studio Area: 350
  • Electric Expense: 510.00
  • Gross Multiplier: 8.00
  • Gross Scheduled Income: 85961.00
  • Insurance Expense: 2702.00
  • Lot Size Area: 16553.0000 Square Feet
  • Maintenance Expense: 2821.00
  • Net Operating Income: 59216.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Range: 12
  • Operating Expense: 26745.00
  • Other Income Description: Laundry - Own
  • Rent Control: No
  • Total Actual Rent: 7180.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7782.00
  • Tax Lot: 9
  • Tax Tract Number: 428

Range of Values:

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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 Change Sq Ft Price
05/19/2016 05/19/16 Sold $665,000 +0.8% $126 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $660,000 -- $125 / 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 2016

    NoEmail NoEmail

    Src Non-mls

    (646) 541-2551

    2 in this area

    5,883 Total Sales

    NoEmail NoEmail
    Section Image
  • Avinash Narang

    Buyer's Agent in 2016

    Avinash Narang

    BRC Advisors BH

    (818) 288-0697

    59 Total Sales

    Avinash Narang
    Section Image
See All Agents

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16019024

California Regional Multiple Listing Service (CRMLS)

APN: 313-272-006

California Riverside County Perris 92570

Downtown Perris

This home since 28 January 2016. This property was built in 1950. This home is a home located in Riverside County with nearby schools including Perris Elementary School, Pinacate Middle School, and Perris High School.

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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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