$975,000
●
House -
Off Market
21885 Lake Mathews Drive
Perris, CA 92570
4 Beds
2 Baths
2,584 Ft²
$5,156
Est. Monthly
About This Property
21885 Lake Mathews Dr, Perris, CA 92570 4 Bedrooms | 2
Bathrooms | Approx. 2,584 Sq Ft | ~2.92 Acres
Discover the perfect blend of rustic charm and modern luxury in this beautifully renovated ranch-style home, nestled on nearly 3 acres of serene, usable land just minutes from the tranquil shores of Lake Mathews.
OVER $280,000 in renovations!
Interior Highlights:
Spacious open-concept living area with abundant natural light, ideal for both relaxation and entertaining.
Gourmet kitchen featuring brand-new quartz countertops, custom cabinetry, and state-of-the-art stainless steel appliances.
Four generously sized bedrooms, including a master suite with a spa-like bathroom and walk-in closet.
Two fully remodeled bathrooms showcasing modern fixtures, elegant tile work, and designer finishes.
Newly installed wood flooring throughout, complemented by fresh interior and exterior paint.
Upgraded HVAC system, and electrical panel for peace of mind.
Exterior Features:
Expansive nearly 3-acre lot offering endless possibilities for outdoor activities, gardening, or future development.
Attached 2-car garage with new doors and ample storage space.
Private breezeway connecting the main house to the garage, enhancing both functionality and aesthetic appeal.
Scenic backyard with built-in BBQ and patio area, perfect for hosting gatherings or enjoying quiet evenings.
Mature landscaping providing natural privacy and a tranquil setting.
Prime Location:
Situated just 0.5 miles from Lake Mathews, this property offers the tranquility of rural living with convenient access to urban amenities. Only 15 minutes to The Crossings at Corona and 19 minutes to Dos Lagos, placing shopping, dining, and entertainment within easy reach.
Additional Information:
Building permits not found; buyer to verify all information.
No HOA fees, providing greater flexibility and freedom.
This home is a rare find-combining spacious living, modern upgrades, and a prime location. Whether you're seeking a peaceful retreat or a place to entertain, this property offers it all.
Discover the perfect blend of rustic charm and modern luxury in this beautifully renovated ranch-style home, nestled on nearly 3 acres of serene, usable land just minutes from the tranquil shores of Lake Mathews.
OVER $280,000 in renovations!
Interior Highlights:
Spacious open-concept living area with abundant natural light, ideal for both relaxation and entertaining.
Gourmet kitchen featuring brand-new quartz countertops, custom cabinetry, and state-of-the-art stainless steel appliances.
Four generously sized bedrooms, including a master suite with a spa-like bathroom and walk-in closet.
Two fully remodeled bathrooms showcasing modern fixtures, elegant tile work, and designer finishes.
Newly installed wood flooring throughout, complemented by fresh interior and exterior paint.
Upgraded HVAC system, and electrical panel for peace of mind.
Exterior Features:
Expansive nearly 3-acre lot offering endless possibilities for outdoor activities, gardening, or future development.
Attached 2-car garage with new doors and ample storage space.
Private breezeway connecting the main house to the garage, enhancing both functionality and aesthetic appeal.
Scenic backyard with built-in BBQ and patio area, perfect for hosting gatherings or enjoying quiet evenings.
Mature landscaping providing natural privacy and a tranquil setting.
Prime Location:
Situated just 0.5 miles from Lake Mathews, this property offers the tranquility of rural living with convenient access to urban amenities. Only 15 minutes to The Crossings at Corona and 19 minutes to Dos Lagos, placing shopping, dining, and entertainment within easy reach.
Additional Information:
Building permits not found; buyer to verify all information.
No HOA fees, providing greater flexibility and freedom.
This home is a rare find-combining spacious living, modern upgrades, and a prime location. Whether you're seeking a peaceful retreat or a place to entertain, this property offers it all.
Unit Size
2,584 Ft²
Days on Market
110 days
Land Size
2.92 acres
Price per sqft
$406
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985
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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: 12 months ago (CRMLS #OC25131394)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Jun 11, 2025 | Listed by West Capital Real Estate | $1,100,000 | |
| Listed by West Capital Real Estate | |||
| Feb 20, 2025 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Mathews
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Listed by: Frank Ortiz, West Capital Real Estate
Last Updated: 12 months ago
Data Source: CRMLS, MLS# OC25131394
Last Updated: 12 months ago
Data Source: CRMLS, MLS# OC25131394
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