4439 Wade Avenue 1-5, Perris, California 92571, Perris, 92571 - 0 bed, 0 bath
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Perris, California 92571
Analysis of 4439 Wade Avenue 1-5, Perris, California 92571 is currently available with a list price of $1,250,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1910, this property shows extensive signs of severe neglect and deferred maintenance. The pool is green with algae, indicating a major non-functional amenity. All visible building exteriors are worn, outdated, and in need of significant repair and modernization. The lack of interior photos strongly suggests that kitchens, bathrooms, and other internal components are also in poor, outdated condition, requiring substantial rehabilitation and system replacements to meet current standards.
The property features five existing residential units, offering substantial rental income opportunities for investors.
A 1.1-acre parcel zoned light-industrial provides flexibility for various uses beyond residential, including potential commercial ventures or future development.
The property includes a pool, pool-house, storage unit, and a dedicated firepit, enhancing resident appeal and overall property value.
Built in 1910, the property is over a century old, likely requiring significant capital expenditure for updates, repairs, and system modernizations to meet current standards.
A notable price drop from $1.55M to $1.25M suggests potential challenges in market valuation or initial overpricing, which could raise buyer concerns about its true market value.
The listing describes the property as 'Residential' and 'Townhouse' but also 'zoned light-industrial' with 5 distinct units, which could lead to confusion regarding permissible uses and financing options.
1.1 acre parcel zoned light-industrial with 5 existing units, plus pool, pool-house and storage unit in rural, bucolic setting featuring Cedar, Birch, Eucalyptus, Loganberry trees with full-circle driveway access, dedicated firepit and more. Decorative sidewalks connect all units. 7 marked parking stalls, add'l unmarked parking for 10+ vehicles on property. Unit #1: 5b/2ba, 1,280 sqft, single-story / Unit #2: 2b/1ba, 630 sqft, single-story / Unit #3: 4b/2ba, 1,100 sqft, single-story / Unit #4: 2b/1ba, 670 sqft, single-story / Unit #5: 6b/2ba, 1,970 sqft (two-story, fireplace) Pool: 30' X 15' / Pool Hse, 1/2 ba, 300 sqft / Storage Unit: N/A, 500 sqft
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 33% |
| Baths | 0.0 | 3.0 | 33% |
| Square foot | 5,895 | 1,710 | 67% |
| Lot Size | 47,044.801 | 3,000 | 67% |
| Price | $1.25M | $480.0K | 67% |
| Price per sq ft | $212 | $245 | 33% |
| Built year | 1910 | 2006 | 33% |
| HOA | $0 | $210 | 33% |
| Days on market | 503 | 253 | 0% |
Jan 11, 2026
$1,250,000
Initial Listing
Jan 20, 2025
$1,550,000
Initial Listing