317 W 8th, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath
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Perris, California 92570
This property presents a Strong Value Opportunity with a List Price of $450,000—positioned well below the $494,309 Fair Market Value by 8%. This valuation gap offers $44,309 in Instant Equity for buyers. Featuring a Fair Condition Rating and a private patio, the home requires minor TLC to reach its full potential. Located in the heart of downtown Perris, this asset is ideal for Buy-and-Hold Investors or first-time buyers looking to build immediate sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 317 W 8th Subject | $450,000* List Price | 3 | 2 | 1,318 | $375 | - |
A 560 W 10th Street Sold | $349,500 | 3 | 2 | 1,305 | $268 | 0.3 mi |
B 3701 Tower Sold | $560,000 | 3 | 2 | 1,746 | $321 | 0.7 mi |
C 249 W 6th Active | $410,000 List Price | 3 | 1 | 925 | $443 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the property exceeds the 20-year threshold for dated condition. The listing explicitly mentions the need for 'TLC,' indicating that while functional, the kitchen, baths, and major systems are likely original and require minor repairs or modernization to meet current standards.
Situated in the heart of downtown Perris, this property offers exceptional walkability and proximity to local dining, shopping, nightlife, and major freeway access.
The home is located just minutes from Perris Lake, providing a significant lifestyle benefit for residents who enjoy outdoor activities and summer recreation.
Identified as needing minor TLC, the property presents a prime opportunity for buyers or investors to build immediate sweat equity through personalized renovations.
The property requires repairs and updates to reach its full potential, which may pose a challenge for buyers seeking a move-in-ready residence.
The presence of tenants currently facing difficulties may lead to restricted showing availability and potential complexities regarding possession at the close of escrow.
Charming 3-bedroom, 2-bath home located in the heart of downtown Perris. Enjoy convenient access to local nightlife, restaurants, shopping centers, and major freeways. Just minutes from Perris Lake, perfect for relaxing and enjoying summer days. This home offers great potential and only needs a little TLC to truly shine—an excellent opportunity for buyers looking to add their personal touch. Please do not disturb tenants, as they are currently going through a difficult time. Thank you for your understanding.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,318 | 1,916 |
| Lot Size | 6,970 | 7,016 |
| Price | $450.0K | $583.5K |
| Price per sq ft | $341 | $293 |
| Built year | 1989 | 1997 |
| HOA | $0 | $99 |
| Days on market | 99 | 67 |
Apr 14, 2026
$450,000
Initial Listing
Sep 19, 1996
$65,000
Public Record