18951 Avenue B, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath
Loading property details...
Perris, California 92570
This Spacious Residential Asset is a High-Potential Investment Opportunity, listed at $679,000—positioned well below the $703,611 Fair Market Value by 3%. This valuation gap offers $24,611 in Instant Equity for incoming buyers. The property maintains a Fair Condition Rating, featuring updated flooring while offering significant upside through ADU potential and equestrian zoning on over one acre of usable land. Boasting Panoramic Mountain Views within the Val Verde district, it balances rural lifestyle with development potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is moderate renovation needed.
Built in 1992, the property is well-maintained and move-in ready with updated wood-look laminate flooring and neutral paint throughout. However, it lacks a comprehensive modern renovation; features like the ceiling fans, hallway cabinetry, and overall architectural style remain consistent with its original construction era. The listing description specifically identifies it as an opportunity for personalization and modernization, which aligns with the 'fair' criteria for a 30+ year old home with cosmetic updates but no major recent overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46174, living area = 1320.
The property features over one acre of flat, usable land on a desirable corner lot, offering rare equestrian zoning and ample space for RV parking or outdoor recreation.
With potential for an Accessory Dwelling Unit (ADU) and a garage conversion, this property provides excellent opportunities for multi-generational living or increasing rental yield.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At 1,320 square feet, the living space is relatively small for a three-bedroom home on such a large lot, which may feel restrictive for larger families.
Marketed as an opportunity for contractors and investors to personalize, the 1992-built home likely requires cosmetic or functional updates to meet contemporary luxury standards.
Rare opportunity to own over 1 acre in Perris! This 3-bedroom, 2-bath home sits on a desirable corner lot and offers space and privacy. Zoned for horse property, this usable lot is ideal for equestrian use, outdoor living, RV parking including potential for an ADU (buyer to verify). The home features a functional layout with comfortable living spaces, natural light, and plenty of room to personalize. An attached garage with direct access offers additional flexibility and potential for conversion (buyer to verify). Whether you're an investor, contractor, or homeowner looking for land, animals, and long-term hold. Conveniently located near major freeways, shopping, and schools while still offering a peaceful rural feel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,320 | 2,194 | 13% |
| Lot Size | 46,174 | 10,890 | 69% |
| Price | $679.0K | $635.0K | 62% |
| Price per sq ft | $514 | $311 | 95% |
| Built year | 1992 | 2005 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 179 | 1% |
Apr 6, 2026
$679,000
Initial Listing
Jan 29, 2021
$420,000
Public Record