Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Multiview Dr Perris, CA 92570

    Sponsored
    For Sale
    $1,800,000

    Land/Lot - Lake Mathews, CA

    Lot size:
    2,086,524.00 Acres
    Days on Market:
    601
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for Multiview Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-A-2
    APN
    287160001
    Exterior features
    Community Features Included: Biking, Foothills, Hiking, Horse Trails, Mountainous, Valley
    Lot size
    2,086,524.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    ISADORE RAMIREZ

    Allison James Homes & Estates (760) 448-5600

    Listing agent ISADORE RAMIREZ (760) 448-5600 License #01874310

    Listing date Jul 12, 2024

    MLS# IV24143673 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Mathews Land Opportunity

    This 47.9-acre property in the Lake Mathews area of Riverside County presents a development or investment opportunity. Zoned R-A-2 for residential agricultural use, the land is suitable for building a custom home or homes, or a ranch-style property with livestock. The county allows one home per every 5 acres. The location is conducive to building custom homes nestled into the hills for privacy. All utilities are nearby. The zoning accommodates horses and other animals. The property is close to shopping, restaurants, schools, and freeways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.398029
    Latitude
    33.82099

    Nearby Similar for Sale

    • $1,999,000
      5,616 SF

      Perris Industrial Warehouse with Offices

      Industrial warehouse with offices, fenced yard, and included furnishings.
      3456 Webster Ave, Perris, CA 92571
      View Details
    • $525,000
      1,224 SF

      Perris Commercial Condo For Sale

      Commercial condo in Perris, CA, with easy freeway access.
      130 Walnut Ave W, Perris, CA 92571
      View Details
    • $2,200,000
      7,500 SF

      Perris Retreat Facility on 13+ Acres

      Versatile retreat facility and place of worship on 13.88 acres.
      21871 Richard St, Perris, CA 92570
      View Details
    • $7,500,000
      1,000 SF

      49-Acre Property on Cajalco Rd

      Prime land with high visibility and growth potential in Perris.
      19255 Wood Rd, Perris, CA 92570
      View Details
    • $750,000

      Renovated Retail Space in Perris

      Prime location near transportation and downtown Perris.
      329 S D St, Perris, CA 92570
      View Details
    • $550,000

      Renovated Historical Downtown Perris Property

      Excellent exposure in renovated historical downtown Perris, California.
      325 S D St, Perris, CA 92570
      View Details
    • $3,759,800

      Freestanding Industrial Building Near I-215

      Freestanding industrial building located near the I-215 freeway.
      1722 Illinois Ave, Perris, CA 92570
      View Details
    • $549,900

      Perris Specialty Property For Sale

      Specialty property available for purchase in Perris, California.
      197 E 7Th St, Perris, CA 92570
      View Details
    • $3,540,000
      12,000 SF

      Perris Industrial/Manufacturing Opportunity

      Industrial/Manufacturing property near key locations with access to major transportation.
      328 Malbert St, Perris, CA 92570
      View Details
    • $1,075,000

      Oleander Avenue Property For Sale

      Property available for sale on Oleander Avenue, Perris, CA.
      20975 Oleander Ave, Perris, CA 92570
      View Details
    • $1,250,000
      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $375,000

      Perris Duplex: Investment Opportunity

      Two-unit property in Perris with expansion potential.
      182 State St, Perris, CA 92570
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 47.9 acres in Lake Mathews, perfect for custom homes.
    Where is this residential land & home lot located?
    The property is located at Multiview Dr Perris, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Development/Investment Opportunity: Sellers offering 4 APNs together.; - Residential Agricultural Zoning: Ideal for horses, livestock, and ranch lifestyle.; - Potential for Custom Home(s): County allows 1 home per 5 acres.
    (760) 448-5600
    Request Owner's contact information
    Multiview Dr Perris, CA 92570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Multiview Dr
    Perris, CA 92570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Multiview Dr Perris, CA 92570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    ISADORE RAMIREZ
    Real Estate License ID: 01874310
    (760) 448-5600 (951) 990-8615 (951) 328-8990
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!