20368 Bailly, Perris, California 92570, Perris, 92570 - 3 bed, 1 bath
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Perris, California 92570
This property presents a High-Potential Investment Opportunity with a List Price of $440,000—positioned well below the $416,618 Fair Market Value by -5%. While the home carries a Condition Rating of 5, the massive 36,155 sqft lot offers significant ADU and Development Potential for forced appreciation. The property requires a full rehab, making it a prime Value-Add Asset for Fix-and-Flip Investors or Contractors capable of addressing the deferred maintenance and structural needs to maximize the land's utility.
Property is extensive renovation needed.
Built in 1954 with no evidence of recent renovation. The property exhibits significant neglect and safety concerns, most notably the bathroom which has severe floor deterioration and exposed subfloor. Interior finishes are heavily worn, and the exterior shows signs of wood rot and deferred maintenance, necessitating a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36155, living area = 1164.
The property features a massive 36,155 sqft lot, offering rare privacy and significant land value that is difficult to find in this price bracket.
The large, flat lot provides an ideal footprint for adding an Accessory Dwelling Unit (ADU) or additional structures, maximizing the property's utility and income potential.
The property requires work and updates throughout, which will necessitate immediate capital expenditure and renovation effort from the buyer.
A three-bedroom home with only one bathroom may be a drawback for modern families and could impact the property's functional appeal without a layout reconfiguration.
Great Opportunity!! Spacious home on a Large Lot ( 36,155 ). This 3 Bedroom and 1 Bath home has ( 1164 Sq Ft ) and is in a great location. This home provides a great opportunity for a buyer to add an ADU and or other structures. This homes does need work and can be a very nice home for the right buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 1,164 | 2,174 | 11% |
| Lot Size | 36,155 | 13,068 | 60% |
| Price | $440.0K | $620.0K | 8% |
| Price per sq ft | $378 | $317 | 78% |
| Built year | 1954 | 2003 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 159 | 3% |
May 20, 2026
$440,000
Initial Listing