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About the Listing MGRS - IVALEXGON
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.
Listing Highlights
Status
Pending
Days on Site
26
Property Type
Multi-Family
MLS ®
IV26123352
Year Built
2004
Total Square Footage
3,225
Lot/Acreage
2.4
County
Riverside
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Lot Over 40000 Sqft,Rectangular Lot,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 14
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 311170018
- Tax Year: N/A
Payment Calculator
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Questions About..
875 Wilson Perris, CA 92571
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