$480,000
●
House -
Off Market
1098 Richards
Perris, CA 92571
4 Beds
2 Baths
1,786 Ft²
$2,406
Est. Monthly
About This Property
Discover timeless mid-century elegance in this single-story pool
home on a generous lot at 1098 Richards Rd, Perris, CA. Built in
the classic era (circa 1957), this inviting residence offers 3
spacious bedrooms, 2 bathrooms, and a flexible bonus room perfect
for a home office, den, playroom, or guest suite/ADU-totaling
around 1,786 square feet of comfortable living space.Step outside
to your private backyard oasis featuring a sparkling swimming
pool-ideal for cooling off on hot Southern California days or
hosting summer gatherings. The property boasts a standout circular
driveway that adds sophisticated curb appeal and ample parking
convenience.Nestled on a large lot with room for gardening, outdoor
activities, or future additions, this home combines authentic
mid-century character-think clean lines, open flow, and
indoor-outdoor connection-with everyday practicality. Whether
you're drawn to vintage charm or envisioning a fresh update, this
Perris gem offers endless possibilities in a convenient location!
Unit Size
1,786 Ft²
Days on Market
76 days
Land Size
0.35 acres
Price per sqft
$274
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (CRMLS #SW26032235)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Relisted | $490,000 | |
| Relisted | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Listed by The Real Estate Firm | $490,000 | |
| Listed by The Real Estate Firm | |||
Property Highlights
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Perris
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Listed by: Maricarmen Pulido Ruiz, The Real Estate Firm
Last Updated: 6 months ago
Data Source: CRMLS, MLS# SW26032235
Last Updated: 6 months ago
Data Source: CRMLS, MLS# SW26032235
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