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4439 Wade Avenue 1-5, Perris, California 92571, Perris, 92571 - bed, bath

4439 Wade Avenue 1-5, Perris, California 92571 home-pic-0
ACTIVE$1,250,000
4439 Wade Avenue 1-5, Perris, California 92571
0Bed
0Bath
5,895Sqft
47,044.801Lot
Year Built
1910
Close
-
List price
$1.25M
Original List price
$1.55M
Price/Sqft
$212
HOA
-
Days on market
-
Sold On
-
MLS number
TR25008308
Home ConditionPoor
Features
Pool
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(50th), sqft - 5895(50th), beds - undefined(50th), baths - undefined(50th).

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

Condition Rating
Poor
Built in 1910, this property is over a century old, and there is no evidence of recent extensive renovations. The property analysis explicitly notes a 'high likelihood of requiring substantial updates to major systems (plumbing, electrical, HVAC) and potential deferred maintenance across all structures.' The exterior images reveal severely dated structures, old windows, and a general lack of modern upkeep. While interior photos are not provided, the age and exterior condition strongly suggest that kitchens, bathrooms, and all major systems are outdated and require substantial repairs and rehabilitation to meet current living standards.
Pros & Cons

Pros

Versatile Zoning & Income Potential: The 1.1-acre parcel is zoned light-industrial and features five existing residential units, offering significant flexibility for multi-family income generation, owner-occupancy with rental income, or potential future commercial/industrial development.
Expansive Lot with Extensive Amenities: A generous 1.1-acre lot includes a private pool, pool house with a half bath, a separate storage unit, a dedicated firepit, and mature landscaping with various trees, providing a unique and amenity-rich environment.
Ample Parking & Accessibility: The property boasts a full-circle driveway and extensive parking capacity, with 7 marked stalls and additional unmarked space for 10+ vehicles, ideal for a multi-unit property or potential commercial use.
Multi-Unit Configuration: Comprising five distinct residential units with diverse layouts and sizes (ranging from 2B/1BA to 6B/2BA), the property caters to a wide range of tenant needs or multi-generational living arrangements.
Bucolic & Private Setting: Situated in a rural, bucolic setting, the property offers a sense of privacy, tranquility, and natural beauty, enhanced by decorative sidewalks connecting the units.

Cons

Age of Construction: Built in 1910, the property is over a century old, suggesting a high likelihood of requiring substantial updates to major systems (plumbing, electrical, HVAC) and potential deferred maintenance across all structures.
Zoning & Current Use Discrepancy: The property's light-industrial zoning conflicts with its current residential use, which could lead to complexities in financing, insurance, permitting, or future development plans, and the 'Townhouse' sub-type is misleading.
Significant Price Reduction: A substantial price reduction from $1,550,000 to $1,250,000 indicates either an initial overvaluation or challenges in attracting buyers, potentially signaling market resistance or undisclosed property issues.

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