507 Coudures Way, Perris, California 92571, Perris, 92571 - 3 bed, 3 bath
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Perris, California 92571
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $534,900—positioned well below the $544,282 Fair Market Value by 1.7%. This valuation gap offers $9,382 in Instant Equity. Featuring a Fair Condition Rating, the property includes a converted garage and studio shed, providing rare flexibility for rental income or extended family. While the home is move-in ready, the non-permitted structures require professional review. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking versatile living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 Coudures Way Subject | $524,900* List Price | 3 | 3 | 1,850 | $289 | - |
A 1455 Remembrance Drive Sold | $520,000 | 4 | 3 | 1,749 | $297 | 0.7 mi |
B 662 Spinnaker Sold | $521,000 | 3 | 3 | 1,800 | $289 | 0.2 mi |
C 1491 Portrait Sold | $465,000 | 4 | 3 | 1,500 | $310 | 0.7 mi |
D 1476 Keepsake Sold | $385,000 | 4 | 3 | 1,749 | $220 | 0.7 mi |
E 1832 Havasu Street Sold | $519,000 | 3 | 3 | 1,449 | $358 | 0.3 mi |
F 2247 Firebrand Avenue Sold | $515,000 | 3 | 3 | 1,400 | $368 | 0.5 mi |
G 462 Coudures Way Active Under Contract | $547,900 List Price | 4 | 3 | 1,850 | $296 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, this 30-year-old property falls into the 'Fair' category as it is dated and reaching the typical lifespan for original HVAC and roof systems. While the description notes it is 'move-in ready' and 'freshly painted,' the images reveal a converted garage with DIY-quality finishes, mismatched flooring, and visible exposed wiring/cables, suggesting the need for professional updates and safety corrections.
The property features a converted garage with two bedrooms, a bathroom, and a kitchenette, plus a separate studio shed, offering rare flexibility for multi-generational living or home office needs.
Freshly painted and move-in ready, the home boasts a bright, open floor plan with abundant natural light, making it highly attractive for buyers seeking an immediate transition.
Despite the garage conversion, the extended driveway provides significant off-street parking space, accommodating multiple vehicles for a full household or guests.
With a modest lot size of 3,920 sqft and multiple additional structures on-site, the property offers very little traditional backyard space for recreation or landscaping.
The conversion of the garage and shed into living quarters may pose challenges regarding building code compliance, financing, and appraisal value if proper permits were not secured.
Welcome to this freshly painted, move-in ready 3-bedroom, 2.5-bathroom home in the heart of Perris. The bright, open floor plan features a generously sized kitchen, inviting living spaces, and abundant natural light throughout. A 2-car garage and extended driveway provide ample parking for the whole household. What makes this property truly stand out is its flexibility. A converted garage adds two bedrooms, a bathroom, and a kitchenette — perfect for extended family, guests, or additional living space. The backyard also features a converted shed functioning as a private studio, ideal for a home office, gym, or creative space. Conveniently located near shopping, dining, public transportation, and major freeway access — everything you need is within easy reach. Opportunities like this don't last. Schedule your showing today! Motivated seller!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,850 | 2,048 | 39% |
| Lot Size | 3,920 | 6,098 | 20% |
| Price | $524.9K | $560.0K | 35% |
| Price per sq ft | $284 | $277 | 55% |
| Built year | 1994 | 2005 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 177 | 1% |
Jun 6, 2026
$524,900
$534,900
-2% Price Drop
Initial Listing
May 8, 2026
$534,900
Initial Listing
Sep 13, 2017
$280,000
Public Record
Dec 17, 2009
$147,000
Public Record
Nov 23, 2004
$140,000
Public Record
Apr 20, 2001
$139,500
Public Record