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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$775,000

Est. payment - /mo

2.4 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26123352

HOA Y/N No

Year Built 2004

Lot Size 2.400 Acres

Property Sub-Type Duplex

Property Description

TWO HOMES ON ONE LOT — Rare 2.40-acre residential compound in Perris offering two completely independent living spaces on a single APN. Live in one and rent the other, multi-generational living, or straight investment — the flexibility here is hard to find at this price point.

The main residence at 875 Wilson Ave is a spacious 4-bedroom / 2-bath single-story home with approximately 1,570 SF of living area, an open-concept kitchen, dining, and living room, a primary suite with walk-in closet and en-suite bath, three additional bedrooms, and a large enclosed patio/bonus room that adds approximately 391 SF of flexible space — ideal as a sunroom, playroom, home office, or additional lounge.

The secondary residence at 879 Wilson Ave is a well-maintained 3-bedroom / 2-bath single-story home at approximately 1,130 SF with an attached two-car garage and private driveway, built in 2004. Completely separate entrance, completely independent living.

Both homes are single-story and sit on a flat, fully usable lot of approximately 104,544 SF (2.40 acres) with plenty of room for vehicles, outdoor space, storage, and privacy between the two residences.

Property Highlights:
• Two separate addresses (875 & 879) on a single APN 311-170-018
• 4/2 main home (±1,570 SF living + ±391 SF bonus patio) + 3/2 secondary home (±1,130 SF)
• Combined estimated rental income: $4,750–$5,250/mo if both units leased
• FHA financing eligible as a 2-unit property — 3.5% down available
• 2026 FHA 2-unit loan limit for Riverside County: $824,450 — all price points qualify
• Flat 2.40 acres — no grading needed, fully usable
• R-10,000 zoning — City of Perris
• Long-held family property (since 1986)
• Possible use as a 6-bed assisted living facility with proper permitting and upgrading

This is an owner-occupant's dream for building equity while offsetting carrying costs, and an investor's opportunity to acquire two income streams on one deed in a growing Inland Empire submarket. Perris median home price: $573,000 and rising.

Buyer to verify all square footage, zoning, permitted uses, and lot configuration independently. Property sold as-is. All information deemed reliable but not guaranteed.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Heating Central

Fireplace No

Laundry In Garage

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Suburban, Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Lot Description 2-5 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 311170018

Acceptable Financing Conventional, FHA, Fannie Mae, VA Loan

Listing Terms Conventional, FHA, Fannie Mae, VA Loan

Special Listing Condition Standard, Trust

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Listed by ALEX GONZALEZ M G R REAL ESTATE 310-365-9450, DRE #01384006

NEARBY SCHOOL & BUSINESS

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875 Wilson Perris, CA 92571