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Listed by Mike Marcu • Mike Marcu, Broker
$6,500,000
Est. payment /mo
29,760 SqFt
New
876 South D Street Perris, CA 92570
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UPDATED:
12/16/2024 09:05 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 29,760 sqft
Price per Sqft $218
MLS Listing ID OC-24215045
Year Built 2019
Lot Size 0.950 Acres
Property Description
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.
Location
State CA
County Riverside
Interior
Heating Central
Laundry Dryer Included, Washer Included
Exterior
Parking Features None
Pool None
Community Features Curbs, Rural
Building
Lot Description Corner Lot, 26-30 Units/Acre
Sewer Public Sewer, Sewer Assessments
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