24183 Hwy Perris, CA 92570
This exceptional investment opportunity presents a 0.29-acre mixed-use property located at 24183 Highway 74 in Perris, California, within Riverside County. The property boasts a 614 square foot existing structure situated on APN 342-061-017, complemented by an adjacent parcel identified as APN 342-061-018, both totaling 0.29 acres. The property is zoned R-R (Rural Residential) and designated as Mixed Use (MU) in the General Plan, offering considerable flexibility for a variety of commercial ventures. The asking price is $400,000. This strategic location in Perris, CA, zip code 92570, presents a unique chance to acquire a versatile property with significant development potential. The existing structure provides immediate income potential or a solid foundation for expansion. The property's mixed-use zoning allows for a range of commercial uses, subject to local regulations and approvals. Investors and entrepreneurs alike will appreciate the blend of existing improvements and future development possibilities. This is a rare opportunity to secure a foothold in a growing market. Detailed information on zoning and permitted uses is readily available upon request. Don't miss this chance to own a piece of Perris's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.