
Perris, California 92570
This property presents a High-Potential Investment Opportunity with a List Price of $410,000—positioned well above the $312,356 Fair Market Value by -31%. While the home features a Condition Rating of 5, the 6,970 sqft lot and flexible layout—functioning as a 3-bedroom with a bonus room—provide significant value-add potential. Located in the Perris Union High district, this asset requires a full rehab to address its age and structural needs. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with expansion possibilities.
Property is extensive renovation needed.
Built in 1962 (64 years old) with no mention of recent renovations to the kitchen, bathroom, or major systems like HVAC and electrical. Based on the age exceeding 50 years without documented updates and the generic description, the property likely requires a full rehab to address dated interiors and potential safety/structural maintenance issues.
While official records indicate a two-bedroom layout, the property functions as a three-bedroom home with an additional bonus room, offering significantly more utility and value than its paper description suggests.
The nearly 7,000 square foot lot provides ample outdoor space for recreation, gardening, or potential future expansions such as an Accessory Dwelling Unit (ADU), which is a premium feature for a home of this size.
Situated in the heart of Perris, the property boasts excellent proximity to schools, shopping, dining, and major commuter routes, making it an ideal choice for families and working professionals.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only one bathroom serving a three-bedroom configuration, the property may face functional challenges for larger households and could be a point of contention for potential buyers.
The variance between the physical room count and official records may complicate the appraisal process or financing options, potentially requiring additional due diligence during the escrow period.
Welcome to this charming property located in the heart of Perris! Situated on a spacious lot in an established neighborhood, this home offers a great opportunity for homeowners. Conveniently located near schools, shopping, dining, and major commuter routes, the property combines comfort, functionality, and accessibility. Records shows 2 bedroom, 1 bath but walks as a 3 bedroom, 1 bath with a bonus room. You must see to appreciate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 925 | 2,189 | 5% |
| Lot Size | 6,970 | 13,721.5 | 28% |
| Price | $410.0K | $632.5K | 7% |
| Price per sq ft | $443 | $319 | 89% |
| Built year | 1962 | 2001 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 162 | 2% |
May 13, 2026
$410,000
Initial Listing
Nov 24, 2020
$295,000
Public Record