332 Monument Parkway, Perris, California 92570, Perris, 92570 - 5 bed, 5 bath
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Perris, California 92570
This Versatile Multigenerational Compound is listed at $794,999, representing a strategic acquisition for its unique high-capacity configuration relative to the $756,089 Fair Market Value. Boasting a Good Condition Rating, the property features a 2006-built main home, a brand-new 2024 Permitted ADU, and a Separate Studio, totaling 4,000 SqFt of living space. Modern upgrades like a Tesla Charger, a Private Patio, and proximity to the new Granite Hills TK-8 school in the Romoland District enhance long-term utility. This rare setup provides significant rental potential, making it ideal for Multigenerational Families or Savvy House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 332 Monument Parkway Subject | $794,999* List Price | 5 | 5 | 4,000 | $200 | - |
A 335 Pinnacle Sold | $648,500 | 5 | 4 | 3,017 | $215 | 0.1 mi |
B 3381 Sequoia Court Sold | $637,000 | 5 | 3 | 3,203 | $199 | 0.8 mi |
C 3480 Tallgrass Court Sold | $660,000 | 4 | 3 | 3,088 | $214 | 0.4 mi |
D 3397 Presidio Sold | $715,000 | 4 | 3 | 3,085 | $232 | 0.7 mi |
E 213 Caldera Street Sold | $625,000 | 4 | 4 | 3,267 | $191 | 0.4 mi |
F 380 Monument Parkway Sold | $620,000 | 4 | 3 | 2,894 | $214 | 0.1 mi |
G 198 Caldera Active Under Contract | $699,000 List Price | 4 | 3 | 3,204 | $218 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a main residence built in 2006 and a brand-new, fully permitted ADU completed in 2024. The main house falls within the 10-20 year age range for 'good' condition, showing functional systems and modern conveniences like a Tesla charger. The addition of the 2024 ADU provides excellent contemporary finishes, though the overall score reflects the age of the primary structure's original 2006 components.
The property features a main residence plus a newly permitted 2024 ADU and a separate studio, providing rare opportunities for rental income, guest quarters, or multigenerational living.
With 4,000 square feet of living space, the home offers a functional floor plan including dual living rooms, a bright loft, and modern upgrades like a Tesla charger.
Located in the sought-after Monument Ranch area, the home offers easy 215 freeway access and is within walking distance to hiking trails at Kabian Park and a brand-new TK-8 school.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 3050. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The assigned middle and high schools carry low performance ratings (2 and 3 respectively), which may be a significant drawback for families prioritizing academic excellence.
Given the 4,000 square feet of living space across three separate structures on an 8,712 square foot lot, the actual usable outdoor yard space may feel limited relative to the total building footprint.
Incredible opportunity to own 3 separate living spaces! 3 bedroom 3 bath main home (could easily be a 5/3 on its own) 1 bedroom, 1 bath permitted JADU, and a developer built studio with a full bath! Welcome to 332 Monument Parkway in the highly sought-after Monument Ranch community of Perris! Conveniently located just off the 215 freeway, offering easy commuter access while maintaining a peaceful neighborhood setting. Built in 2006, the spacious 3-bedroom, 3-bath main home features a versatile and functional layout with two separate living rooms, a bright loft area, and a formal dining room perfect for hosting. The expansive backyard offers endless possibilities for entertaining, play, or creating your dream outdoor retreat. What truly sets this property apart is its exceptional flexibility. In addition to the main home, the property includes: • A fully permitted ADU completed in 2024 • A separate developer-built studio Whether you’re looking for multigenerational living, rental income potential, guest quarters, or dedicated work-from-home space, this setup provides rare versatility. The home also includes a Tesla charger for added convenience. Outdoor enthusiasts will love being within walking distance to hiking trails at Kabian Park. Families will appreciate proximity to the newly opened Granite Hills TK-8 (opened August 2025), serving TK through 8th grade. With space, income potential, and an unbeatable location in Monument Ranch, 332 Monument Parkway offers an opportunity you don’t see often in today’s market.
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades 7-8 • 1.9 mi
Grades 6-8 • 5.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 5.0 | 2.0 | 96% |
| Square foot | 4,000 | 2,240.5 | 93% |
| Lot Size | 8,712 | 11,543.5 | 47% |
| Price | $795.0K | $635.4K | 72% |
| Price per sq ft | $199 | $310 | 4% |
| Built year | 2006 | 2005 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 183 | 8% |
Feb 13, 2026
$794,999
Initial Listing
Jun 11, 2014
$305,000
Public Record
Apr 28, 2006
$468,500
Public Record