15953 Cajalco Road, Perris, California 92570, Perris, 92570 - 2 bed, 1 bath
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Perris, California 92570
Analysis of 15953 Cajalco Road, Perris, California 92570 is currently available with a list price of $650,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Perris Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1960 (64 years old) with no evidence of significant renovations, this property is marketed as a 'diamond in the rough' and a 'fixer upper' primarily for its land value and views. The small 900 sqft structure and additional outbuildings likely have original, end-of-life systems (HVAC/Electric) and the listing emphasizes the potential to build a new 'dream home' on the 4-acre lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 174240, living area = 900.
The property offers breathtaking, unobstructed views of Lake Mathews, the surrounding hills, and city lights, providing a premium setting for a luxury estate.
Spanning 4 serene acres, this horse-ready property includes a 200ft deep working well and established septic, propane, and municipal water connections, offering a head start on infrastructure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 280.
The existing 1960s structures are in 'fixer-upper' condition, requiring substantial capital investment and labor to bring them up to modern standards.
Despite the large 4-acre lot size, the R-A-2 ½ zoning requires a 2.5-acre minimum, meaning the parcel cannot be subdivided into two separate lots for resale or additional development.
This diamond in the rough is truly a hidden gem that sits on 4 serene acres above Lake Mathews and has one of the most spectacular views of the cities below. There is a 200ft deep working well and two quaint structures that have their own septic and propane and share electric and municipal water. This sought after location is perfect horse property and not only appealing for someone looking to build their dream home but also someone wanting a fixer upper or an investor. You can’t go wrong with such a beautiful location and so many possibilities. The zoning classification for the subject parcel is R-A-2 ½ (Residential Agricultural with a 2.5 acre minimum lot size). Since the existing parcel is 4 acres, it is not large enough to subdivide because the resulting parcels would be less than 2.5 acres.
No exterior & parking available.
Grades K-6 • 9.0 mi
Grades K-6 • 14.6 mi
Grades 6-8 • 8.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 3.0 |
| Square foot | 900 | 1,916 |
| Lot Size | 174,240 | 7,016 |
| Price | $650.0K | $583.5K |
| Price per sq ft | $722 | $293 |
| Built year | 1960 | 1997 |
| HOA | $0 | $99 |
| Days on market | 14 | 67 |
Jul 8, 2026
$650,000
Initial Listing
Mar 17, 2022
$500,000
Public Record