23625 State Highway 74, Perris, California 92570, Perris, 92570 - 4 bed, 2 bath
23625 State Highway 74
Perris, California 92570
Property Price
SUMMARY
Analysis of 23625 State Highway 74, Perris, California 92570 reveals a Prime Investment Opportunity with a current list price of $490,000—significantly undercutting the $519,872 Fair Market Value by 5%. This valuation gap indicates a +$29,872 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23625 State Highway 74 Subject | $490,000* List Price | 4 | 2 | 1,568 | $332 | - |
A 144 Kruse Street Sold | $505,000 | 4 | 2 | 1,723 | $293 | 0.6 mi |
B 300 Diana Sold | $369,999 | 4 | 2 | 1,152 | $321 | 1.0 mi |
C 20 Tap Circle Sold | $635,000 | 4 | 3 | 1,898 | $335 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and meets the criteria for excellent condition. The home features a modern open-concept layout with contemporary kitchen and bathroom styles, updated flooring, and recent exterior upgrades including a newly installed gated entry and an expansive covered patio, indicating no deferred maintenance.
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 = 12197, living area = 1568.
- Expansive Gated Lot
The oversized 12,197 sqft lot features a newly installed gated entry and ample space for RV parking, work trucks, or recreational toys, offering rare flexibility and utility for the area.
- Modern Open Layout
Built in 2019, this 4-bedroom home features a contemporary open floor plan and a split-bedroom design that maximizes privacy and functional living space for a growing family.
CONSRISKS & DEFICIENCIES
- Highway Frontage
Located directly on State Highway 74, the property is subject to significant traffic noise and high vehicle volume, which may impact the tranquility of the outdoor living areas.
- Manufactured Construction
As a manufactured home, the property may face more limited financing options and different market appreciation trends compared to traditional stick-built residences in the same price bracket.
About 23625 State Highway 74
This 4-bedroom, 2-bathroom manufactured home on a permanent foundation sits on a spacious gated lot along State Highway 74 in Perris, CA a growing community. Step inside to find a functional open layout with generous living spaces and a split-bedroom floor plan ideal for privacy. Outside, enjoy the newly installed gated entry and expansive covered back patio-perfect for entertaining, relaxing, or creating your own outdoor retreat. The oversized lot offers endless possibilities: RV parking, work trucks, recreational toys, animals, or future improvements (buyer to verify). With NO HOA this property is ideal for those seeking flexibility and space.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,568 | 2,287 | 21% |
| Lot Size | 12,197 | 9,801 | 53% |
| Price | $490.0K | $627.0K | 16% |
| Price per sq ft | $312 | $307 | 54% |
| Built year | 2019 | 2005 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 203 | 1% |
Pricing History
Listed for Sale
Feb 21, 2026
$490,000
Initial Listing