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
Map
Community
- Address876 S D Street Perris CA
- Area699 – Not Defined
- CityPerris
- CountyRiverside
- Zip Code92570
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Courtesy of Mike Marcu, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
876 S D Street
Perris, CA
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