

175 South G Street
Shovel-Ready 37-Unit Residential Development Opportunity
Marketing description
An exceptional opportunity to acquire approximately 1.82 acres (79,279 SF) of fully entitled residential development land in the rapidly growing City of Perris. The project has received approval for a 37-unit condominium development, consisting of thoughtfully designed attached condominium residences within the City's Urban Village district. The project was approved by the City of Perris Planning Commission under Tentative Tract Map 25-00010 (TTM-39378) and Development Plan Review 25-00008.
This offering presents developers with a significant time and cost advantage, as substantial entitlement work has already been completed. The property is relatively flat, with environmental studies and geotechnical reports available. The Tentative Tract Map has been approved, sewer infrastructure has been installed and upsized by the City, and the grading permit is currently in process, allowing a developer to move efficiently toward construction.
Ideally situated just one parcel east of Interstate 215, the site enjoys excellent freeway accessibility while remaining buffered from freeway noise. The property is within walking distance of the Perris-Downtown Metrolink Station, City Hall, medical facilities, shopping, restaurants, and other downtown amenities, making it an ideal location for future residential development. The surrounding area continues to experience significant public and private investment as Downtown Perris evolves into a vibrant mixed-use community.
With Southern California's ongoing housing shortage and continued Inland Empire population growth, this fully entitled project offers an outstanding opportunity for builders and investors seeking a near shovel-ready multifamily development in one of Riverside County's fastest-growing markets. Buyers should conduct their own due diligence regarding eligibility for any current or future housing incentive programs.
Investment highlights
- Fully Entitled 37-Unit Multifamily Development Opportunity
- ±1.82 Acres (79,279 SF)
- TTM & Development Plan Review (DPR) Approved by the City of Perris
- Sewer Improvements Complete with Increased Utility Capacity
- Grading Permit Currently in Process
- Flat Site with Minimal Grading Requirements
- Phase I Environmental & Geotechnical (Soils) Reports Available
- Located Within Perris' Rapidly Growing Downtown Corridor
- Walking Distance to Perris-Downtown Metrolink Station
- Minutes from Perris City Hall, Medical Facilities, Shopping & Dining
- Excellent Access to Interstate 215
- Second Parcel from I-215 Providing Outstanding Freeway Access with Reduced Traffic Noise
- Significant Entitlement Work Completed, Reducing Development Timeline and Entitlement Risk
- Approximately 0.4 Miles (2-Minute Drive / 8-Minute Walk) to the Perris-Downtown Metrolink Station, Providing Convenient Rail Access Throughout Southern California
- Approximately 20 Minutes to the University of California, Riverside (UCR) by Car, with Convenient Metrolink Access Available
- Minutes from Perris City Hall, Medical Facilities, Shopping, Dining, and Everyday Amenities
- Located in One of the Inland Empire's Fastest-Growing Logistics Corridors
- Surrounded by Major Distribution and Logistics Employers, including Target, Amazon, Walmart, Ross, Lowe's, FedEx, and Home Depot, Supporting Continued Employment Growth and Housing Demand
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