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15394 Perris Blvd, Moreno Valley, CA, 92551

8beds
4baths
3,484sqft
$1,150,000
$330price/sqft
$8,005/moest. monthly cost
$320,200/yrincome needed

About This Home

Four-unit multifamily property located in Moreno Valley. Situated along the Perris Blvd corridor, the property is near neighborhood shopping, dining, schools, parks, and commuter routes including the 60 and 215 freeways. The property consists of four 2-bedroom, 1-bath units and is currently tenant occupied. Separate gas and electric meters help reduce owner utility responsibility and support efficient operations. Suitable for investors seeking rental income, portfolio expansion, or long-term ownership potential. Multi-unit housing remains an important segment of the local market, making this an opportunity to acquire a four-unit income property. Buyer to verify all information independently.

Getting Around

55
WalkingSomewhat Walkable
32
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

4/10
Armada Elementary SchoolGrades K-50.4 mi
4/10
Landmark Middle SchoolGrades 6-82.5 mi
3/10

Construction

Condition

  • Year built: 1979

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Balcony
  • Fireplace features: Outside
  • Fireplace: Yes
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Ductless
  • Cooling features: Ductless

Interior Area

  • Total structure area: 3,484
  • Total interior livable area: 3,484 sqft

Property

Details

  • Parcel number: 486091001
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Front door
  • Pool features: None

Lot

  • Lot size: 6,970 sqft

Parking

  • Total spaces: 5
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 5
  • Covered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,815$69,780
Home Insurance *$289$3,468
Property Taxes $1,154$13,848
Electricity $747$8,965
Total$8,005$96,060
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$274,457/yr
40% on housing$240,150/yr
45% on housing$213,466/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$330This listing

vs Other Active Listings

Avg $/sqft

ZIP 92551$248
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92551$301
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-02Listed for sale$1,150,000
2015-01-30Sold$370,500
2010-04-27Sold$226,000
2009-11-09Sold$183,150
2007-03-09Sold$626,000
2002-08-02Sold$220,000
2002-02-07Sold$156,000

For Sale by Agent

AgentMichelle Zhang
BrokerageStar Max Realty

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