19985 Smith Rd Perris, CA 92570
This exceptional 15-acre property in Perris, CA, presents a unique investment opportunity. The offering encompasses five recently remodeled residential units, providing immediate rental income. The main house, a mid-century ranch style home, boasts 4 bedrooms, 2 bathrooms, a 2-car garage, and a large covered patio. Additional structures include a barn with enclosed stalls, a tack room, an office, and a 3/4 bath; an upstairs apartment with 2 bedrooms, 1 bath, and a den; and a detached 3-bedroom, 2-bathroom house with a 2-car garage. Further enhancing the property are two large unpermitted workshop/warehouse buildings, a detached 3-car garage, and an old tennis court with an office and 3/4 bath. Two additional 3-bedroom homes, one with 1 bath and the other with 2 baths, are situated on a separate 5-acre parcel. All units feature recent renovations, including new windows, cabinets, countertops, flooring, doors, paint, electrical and plumbing fixtures, and tile bath enclosures. The property also includes appealing outdoor amenities such as a forest area, open space, gazebos, ponds, and riding areas, presenting potential for further development. The property is zoned R-A-1 and has a total square footage of 6,800 across all structures. The asking price is $2,850,000. APN: 285200001; 285190018.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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