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22360 Margarth, Perris, California 92570, Perris, 92570 - 4 bed, 3 bath

22360 Margarth, Perris, California 92570 home-pic-0
ACTIVE UNDER CONTRACT$650,000
22360 Margarth, Perris, California 92570
4Beds
3Baths
1,600Sqft
208,217Lot
Year Built
1989
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
IV25041670
Home ConditionFair
Features
Good View: Meadow, Mountain(s)
ViewMeadow, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $650.0K(67th), sqft - 1600(50th), beds - 4(67th), baths - 3(67th).

BEAUTIFUL PROPERTY, GREAT POTENTIAL, LOTS OF LAND! Welcome to the land of opportunity with this appealing, spacious farmland that could be used for your cattle, events, and toys! It has two units and one studio in the back to accommodate your family or renters. There are two metal gates that could be used for points of entry. Horse corrals, flat land, and solar panels are just a few aspects of this property. Don't miss out on viewing this opportunity!**** IN ADDITION TO THE MAIN MANUFACTURE HOME THIS PROPERTY OFFERS A SMALL DETACHED STUDIO UNIT LOCATED IN THE BACK OF THE PROPERTY PLUS ANOTHER MOBILE THAT IS CURRENTLY OCCUPIED AND WILL BE VACANT BY CLOSE OF ESCROW ***

Price History

Date
Event
Price
02/25/25
Listing
$650,000
Condition Rating
Fair
The main manufactured home was built in 1989 (35 years ago). While some areas, such as one bathroom (new vanity, modern faucet, updated flooring) and parts of the main living space (new laminate flooring, fresh paint), show recent cosmetic updates, other areas like a bedroom with older tile and dated decor indicate inconsistent renovation. The kitchen appears to have older cabinets. The property is functional but shows signs of being outdated in parts and would benefit from further comprehensive updates to meet current quality standards.
Pros & Cons

Pros

Expansive Land & Versatile Use: The property boasts a substantial lot size of 208,217 sqft (approximately 4.78 acres) of flat land, offering immense potential for various uses including farming, equestrian activities (horse corrals are present), events, and recreational vehicle storage.
Income-Generating Potential: Classified as a Triplex, the property includes a main manufactured home, a detached studio unit, and another mobile unit, providing multiple rental income streams or flexible multi-generational living arrangements.
Sustainable Features: Equipped with solar panels, the property offers a modern amenity that can significantly reduce energy costs and contribute to a more environmentally friendly lifestyle.
Equestrian Amenities: The inclusion of horse corrals makes this property particularly appealing to horse owners or those interested in developing equestrian facilities.
Privacy & Accessibility: Featuring two metal gates for entry, the property offers enhanced privacy, security, and flexible access points for residents and potential tenants or guests.

Cons

Manufactured Home Construction: The primary residence is a manufactured home, which can sometimes be perceived as having lower market value or present financing challenges compared to traditional stick-built homes.
Age of Structures: Built in 1989, the main manufactured home and other units are over 30 years old, potentially requiring significant updates, renovations, or deferred maintenance to meet current aesthetic and functional standards.
Extensive Property Management: The large land area and multiple units necessitate considerable ongoing maintenance, landscaping, and property management, which could be a significant commitment for an owner.

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