876 S D Street
Perris, CA, 92570
$6,500,000
Beds
0 Baths
SqFt
0.95 Acres
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New Majestic is a 2019 built MIXED USE investment property. Operating at 100% occupancy the property is well parked and sits on a nearly 1-acre corner lot with exceptional visibility for retail tenants. There are 8 individual retail suites comprised of 4 tenants, all on gross leases. The residential portion of the property consists of 11 two-bedroom two and one-half bath apartments that are approximately 1,300 square feet and four two-bedroom two bath apartment’s that are approximately 1,400 square feet. The retail portion of the property has been valued using a 6% capitalization rate. There are 29 open parking spaces for the tenants and there are washer and dryers in the apartment units.

Property Details

Price:
$6,500,000
MLS #:
OC24215045
Status:
Active
Baths:
0
Address:
876 S D Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
City:
Perris
Listed Date:
Oct 15, 2024
State:
CA
ZIP:
92570
Lot Size:
41,382 sqft / 0.95 acres (approx)
Year Built:
2019
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Schools

Interior

Heating
Central

Exterior

Community Features
Curbs, Rural
Garage Spaces
0.00
Lot Features
26-30 Units/ Acre, Corner Lot
Parking Features
None
Parking Spots
29.00
Pool Features
None
Sewer
Public Sewer, Sewer Assessments
Stories Total
3

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas

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Community

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876 S D Street
Perris, CA