NOT LISTED FOR SALE
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 park and public transit
  • 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

Src Non-mls

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

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near park and public transit

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
  • 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
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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
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

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 $8,770 $787,219 $153,891 $633,328
2023 $8,770 $756,652 $147,916 $608,736
2022 $8,676 $741,816 $145,016 $596,800
2021 $8,506 $727,272 $142,173 $585,099
2020 $8,412 $719,816 $140,716 $579,100
2019 $8,215 $705,703 $137,957 $567,746
2018 $7,840 $691,866 $135,252 $556,614
2017 $7,733 $678,300 $132,600 $545,700
2016 $8,033 $705,386 $114,291 $591,095
2015 $7,874 $694,792 $112,575 $582,217
2014 $7,690 $681,184 $110,371 $570,813
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16019024

California Regional Multiple Listing Service (CRMLS)

APN: 313-272-006