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Mildred Street - 6.54 acres, NWC Murrieta Rd. and Mildred St. 6.54 Acres of Residential Land Offered at $3,500,000 in Perris, CA 92570
Investment Highlights
- Located in a growing trade area with proven demand for senior living options.
- Infill location surrounded by schools, parks, and established neighborhoods.
- Proximity to medical services and essential lifestyle amenities.
- Entitled 6.54-acre site for a proposed 236-unit senior housing development.
- Excellent connectivity with nearby I-215 and major retail destinations.
Executive Summary
Property Facts
| Price | $3,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 6.54 AC |
| Property Type | Land | ||
| Zoning | SHO - Senior Housing Overlay | ||
| Price | $3,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 6.54 AC |
| Zoning | SHO - Senior Housing Overlay |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 6.54 AC |
| Price Per AC | $535,168.20 |
| Price | $3,500,000 |
| Price Per AC | $535,168.20 |
| Lot Size | 6.54 AC |
6.54-acre development site in Perris, CA, entitled for 236-unit senior apartment project with convenient access to I-215, retail centers, and growing residential communities.
Description
Positioned within a rapidly expanding region, this 6.54-acre site in Perris serves as a prime location for residential development tailored to senior living. Surrounded by established neighborhoods, schools, and shopping centers, the site provides an ideal foundation for creating a connected and supportive community environment. The property is adjacent to key arterial roads, ensuring efficient access to I-215 and nearby business centers. This dynamic area is supported by significant population growth forecasts and increasing demand for specialized housing options. Developers will find abundant advantages with nearby amenities, medical services, and the area’s evolving infrastructure. Combining a favorable trade area with strategic accessibility, this property is positioned to deliver long-term value for senior housing initiatives and offers substantial potential to capture unmet market need. Ownership has submitted a preliminary application for a 236 unit Senior Apartments project. City has provided comments. Buyer to complete the entitlements.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,161,869 | Total Assessment | $2,161,869 |
Property Taxes
Presented by
Mildred Street - 6.54 acres, NWC Murrieta Rd. and Mildred St.
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