21640 Ellis Avenue
About This Property
Step inside to a spacious, open floor plan featuring upgraded LVP flooring, vaulted ceilings, and ceiling fans throughout. The brand-new kitchen is a standout, complete with new shaker-style cabinets and elegant quartz countertops, creating a fresh and modern space for everyday living and entertaining.
Outside, the fully fenced property offers exceptional space and versatility. The grounds include multiple sheds and a horse arena, making it ideal for equestrian use, hobbies, storage, or simply enjoying the open space. There is also ample room to explore the potential for adding a second home or ADU, subject to applicable zoning and permitting requirements.
With its combination of a permanent foundation, usable acreage, thoughtful upgrades, and move-in-ready condition, this property offers a rare opportunity to own a home with room to grow and make it your own. Low property taxes are an added bonus. Don't miss the opportunity to make this unique Perris property yours!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Sold | ||
| Sold | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by Trillion Real Estate | $429,900 | |
| Listed by Trillion Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017