129 Olivetree Drive
Perris, CA, 92571 $ 389,000
Bedrooms2 Baths1.0 Sq 794 Monthly Estimate*
$ 2,395
Listed by eXp Realty of Southern California, Inc.
for $389,000 with 2 bedrooms and 1 full bath. This 794 square foot home was built in 1985 on a lot size of 0.09.
Short Sale – Subject to Lender Approval. Welcome to 129 Olivetree Dr, a move in ready single story home located in an established neighborhood within the growing City of Perris. With continued development, expanding amenities, and convenient commuter access, Perris has become an increasingly attractive option for buyers seeking value, space, and long-term upside in Riverside County. This charming residence offers 2 bedrooms, 1 bathroom, and approximately 794 square feet of thoughtfully updated living space. Inside, you’ll find luxury vinyl plank flooring throughout, creating a clean and modern look while offering durability and easy maintenance. The functional floorplan provides a comfortable flow between the living room, dining area, and kitchen, making the home feel open and efficient for everyday living. The kitchen and living spaces are well positioned for both relaxing and entertaining, while the overall condition of the home reflects pride of ownership and true turnkey appeal. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this property is ready for its next chapter. Situated on an approximately 3,920 square foot lot, the backyard offers private outdoor space with room to garden, entertain, or create your own retreat. The attached two car garage provides ample parking and storage, while also presenting possible future ADU or studio conversion potential for those exploring additional income or flexible living options. Buyer to verify all ADU possibilities, zoning, and requirements with the City of Perris. Additional features include laundry hookups in the garage, welcoming curb appeal, and a location convenient to local parks, schools, shopping centers, dining, and freeway access for commuters traveling throughout the Inland Empire. Perris continues to evolve with new growth, infrastructure, and investment, making now an exciting time to purchase in the area. Whether you are looking for a comfortable place to call home or a smart real estate investment, 129 Olivetree Dr offers affordability, functionality, and future potential all in one package.
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FeaturesGeneralLiving Area 794
Sewer Public Sewer
Heating Central
Cooling Central Air
Appliances Dishwasher Gas Oven
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1985
View None
Stories Count 1
Levels One
Property Subtype Single Family Residence
Community Features Curbs
County Riverside
New Construction false
Property Type Residential
HOA false
Attached Garage true
Garage Y/N true
Full Baths 1
Special Listing Conditions Notice Of Default Short Sale
Status Active
Directions Use GPS
City Perris
Entry Location Front Door
Senior Community Y/N false
High School District Perris Union High
Number Of Units Total 1
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 3920
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional Contract Cal Vet Loan 1031 Exchange FHA Fannie Mae VA Loan
Property Attached Y/N false
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://www.zillow.com/view-imx/6ba60fea-e7d2-497d-b402-91750b9804a9?wl=true&setAttribution=mls&initialViewType=pano
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Year Built Source Public Records
Tax Lot 34
Property Sub Type Additional Single Family Residence
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InteriorInterior Amenities All Bedrooms Down
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features In Garage
Total Bedrooms 2
Entry Level 1
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 1
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ExteriorLot Features Back Yard
Water Source Public
Total Parking 2
Lot Size Area 3920
Lot Size Acres 0.09
Private Pool false
Lot Size Source Assessor
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* Excluded FeaturesList ByExp Realty Of Southern California, Inc.Broker
C.RiosSolutions@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,395
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Perris, CA
Average List Price $733,102
Percent of Sale Price 88%
About Perris, CA 75,131 Population
103% Since 2002
$ 52,550 Median Income
29.35 Median Age
52% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $389,000 | -9.51% | Price Down |
| 5/3/2026 | $429,890 | 0.00% | Price Down |
| 4/20/2026 | $429,899 | 0.00% | Price Down |
| 4/14/2026 | $429,900 | -0.02% | Price Down |
| 4/3/2026 | $429,990 | -2.05% | Price Down |
| 3/30/2026 | $438,990 | 0.00% | Price Down |
| 3/24/2026 | $439,000 | -0.20% | Price Down |
| 3/10/2026 | $439,900 | -0.02% | Price Down |
| 2/11/2026 | $440,000 | | Listed Price |