21401 Ellis, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath
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Perris, California 92570
This Dual-Residence Compound represents a Prime Investment Opportunity, listed at $799,900—positioned well below the $820,393 Fair Market Value by 2%. This valuation gap offers $20,493 in Instant Equity. Featuring two 3-bedroom homes on a 1.44-acre lot with solar panels and mature fruit trees, the property maintains a Good Condition Rating. The expansive, gated lot provides significant development potential. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21401 Ellis Subject | $799,900* List Price | 3 | 2 | 1,344 | $610 | - |
A 21732 Mountain Avenue Active Under Contract | $610,000 List Price | 3 | 1 | 1,120 | $545 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1996, the property falls into the 10-20y+ range but features a renovated kitchen with modern white cabinetry and stainless steel appliances (likely 5-15 years old). The inclusion of solar panels and a functional HVAC system, combined with a move-in ready interior despite some dated elements like popcorn ceilings, justifies a Good rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 62726, living area = 1344.
The property features two separate 3-bedroom, 2-bathroom homes on a single lot, providing exceptional value for multi-generational families or investors seeking rental income.
Situated on 1.44 acres of fully gated land, the property offers significant privacy, mature fruit trees, and ample space for future development, livestock, or equipment storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1344, other record living area = 1104. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Laundry hookups for both homes are located in exterior rooms or covered patios rather than inside the main living areas, which may be a convenience drawback.
The property features a 4-car carport but lacks a traditional enclosed garage, which may be a concern for buyers requiring climate-controlled or high-security vehicle storage.
2 homes in 1.44 acres! Enter this fully gated property to park in the large 4-car carport. Be greeted by an open layout as you step inside the home. The kitchen is generously sized with plenty of cabinets and a conveniently placed kitchen island. The living room is also spacious completed with tile flooring and a brick-decorated fireplace, making it a warm-centered hub for the family. There is a formal dining room and a bonus room off the living room to be used as you wish. All 3 bedroom have tile flooring and roomy closets. There are 2 full bathrooms. Laundry hookups are outside in their own room with storage space. Outside the 1st home, there is a tiled wrap-around porch providing shade, multiple fruit trees including lemons, mandarins & pomegranates and 2 storage sheds. Solar panels are already installed for the new owner to enjoy the savings. Let's talk about the 2nd home! This home is also 3 bedrooms with 2 full baths. It has its own private entry, driveway and yard area fenced off. The laundry hookups can be found outside in a covered patio. This 2nd home is also equipped with solar panels. Both homes are placed in a vast lot, 1.44 acres! There is so much room here for growth! Enjoy privacy and freedom in this land! Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,344 | 2,188 | 15% |
| Lot Size | 62,726 | 13,939 | 71% |
| Price | $799.9K | $635.0K | 71% |
| Price per sq ft | $595 | $319 | 97% |
| Built year | 1996 | 2001 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 159 | 2% |
May 13, 2026
$799,900
Initial Listing
Aug 15, 2006
$400,000
Public Record