27071 Citrus Ave Perris, CA 92571
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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