160 E 3rd, Perris, California 92570, Perris, 92570 - 2 bed, 1 bath

160 E 3rd, Perris, California 92570 home-pic-0

160 E 3rd

Perris, California 92570

ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
856Sq Ft
11,326Lot Size

Property Price

LIST PRICE$459,900
EST. MARKET VALUE
$405,213
13% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$405,213
Based on Realkey algorithm analyzing recent comparable sales in Perris.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property is described as fully renovated and turnkey, featuring a new roof and solar panels. Despite its 1938 original build date, the listing highlights extensive recent renovations that meet the criteria for excellent condition, with all major components updated to current standards.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 856.

  • Mixed-Use Versatility

    The property is designated for both residential and commercial use, providing a unique opportunity for business owners to operate from home or for investors to maximize rental yield.

  • Expansive Lot Size

    With a generous 11,326 square foot lot, there is significant room for physical expansion, the addition of an ADU, or ample parking for commercial purposes.

CONSRISKS & DEFICIENCIES

  • Limited Interior Square Footage

    At only 856 square feet with a 2-bedroom, 1-bathroom configuration, the living space may be too restrictive for larger families or those needing more interior utility.

  • Solar Lease Obligation

    The requirement to assume a $220 monthly solar panel lease adds a fixed recurring expense that may affect a buyer's monthly debt-to-income ratio and overall affordability.

  • Vintage Structural Age

    Originally built in 1938, the property may have underlying infrastructure or foundational characteristics typical of older homes that renovations might not fully address.

About 160 E 3rd

This fully renovated single-story residential and commercial property offers ample space for expansion and is ideally located downtown, just minutes away. A true must-see gem. Solar panels are leasing together with a new roof. the new roof seller can pay in full at the COE. the leasing of the panels is $220 a month.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1938
Lot Size
11,326 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
7%
Baths1.03.0
8%
Square foot8562,287
2%
Lot Size11,3269,801
53%
Price$459.9K$627.0K
9%
Price per sq ft$537$307
98%
Built year19382005
5%
HOA$0$0
50%
Days on market61203
8%

Pricing History

Listed for Sale

Jan 5, 2026

$459,900

Initial Listing

Sold

Aug 9, 2021

$325,000

Public Record

Sold

Feb 20, 2003

$99,500

Public Record

Browse Properties by State Browse housing market trends by state