2
Map
$175,000
●
Land -
Off Market
350 W 5th
Perris, CA 92570
Studio
0 Bath
$860
Est. Monthly
About This Property
!!Prime residential vacant lot in the heart of Perris offering an
exceptional opportunity to build your dream home or investment
property! This approximately 0.26-acre (±11,326 sq ft) level parcel
is ideally situated in an established neighborhood with convenient
access to downtown Perris, schools, shopping, dining, parks, public
transportation, and major commuter routes. Residential zoning
provides exciting possibilities for a single-family residence,
duplex, or accessory dwelling unit (ADU), subject to buyer
verification and City of Perris approval. Utilities are believed to
be available at or near the property due to the previous
improvement; however, buyers are encouraged to verify utility
availability, connection requirements, zoning, permitted uses,
development standards, setbacks, and all other information with the
City of Perris and applicable utility providers. Don't miss this
rare opportunity to own a buildable lot in one of Perris' growing
communities!
Unit Size
-
Days on Market
30 days
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1915
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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: 3 months ago (CRMLS #IV26157114)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Jul 19, 2026 | Listed by RIVER LENDING AND REAL ESTATE INC | $175,000 | |
| Listed by RIVER LENDING AND REAL ESTATE INC | |||
Property Highlights
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
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Downtown Perris
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Listed by: ROCIO SARAHI DE DIOS SANCHEZ, RIVER LENDING AND REAL ESTATE INC
Last Updated: 3 months ago
Data Source: CRMLS, MLS# IV26157114
Last Updated: 3 months ago
Data Source: CRMLS, MLS# IV26157114
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