Property profile

27071 Citrus Ave Perris, CA 92571

OFF-MARKET
Land
Property ID
US09-3181165
18.66 ac lot
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Property summary

AI-generated overview

Orange Vista Acres presents a remarkable opportunity for residential development in Perris, CA. This 18.66-acre property boasts a prime location in Riverside County, offering convenient access to Highway 215. The land is comprised of four flat lots, zoned for a significant residential build-out. Specifically, 16.7 acres are zoned R-1, allowing for the construction of approximately 54 single-family homes on 7,200 square foot lots. An additional 1.96 acres are zoned R-R, suitable for larger residential lots (approximately 20,000 square feet). The property's strategic location within the thriving Perris community, known for its family-friendly atmosphere and excellent public services, ensures strong market demand. Perris is experiencing substantial growth, with a rising population and consistent employment growth across various sectors, including retail, logistics, government, and construction. This robust market, coupled with the potential to leverage California Assembly Bill 2345 for density bonuses, makes Orange Vista Acres an exceptional investment with significant potential for substantial returns. The APN is 307-260-037-0, and the property is held in trust. This is a rare opportunity to capitalize on the burgeoning housing market in Southern California's Inland Empire. The address is 27071 Citrus Ave, Perris, CA 92571.

Property profile

Verified
Property type Land
Lot 18.66 ac (812,830 SF)
UPID US09-3181165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27071 Citrus Ave Perris, CA 92571
Perris metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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