Homes for sale - 876 S D ST, Perris, CA 92570

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Vince Bagala

vincebagala@sonic.net +1(707) 548-2287

$ 6,500,000

Est. payment | -/mo

0.95 Acres Lot

Save

$ 6,500,000

Est. payment | -/mo

Save

0.95 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24215045

HOA Y/N No

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

Area 699 - Not Defined

Interior

Heating Central

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features None

Pool None

Community Features Curbs, Rural

Total Parking Spaces 29

Private Pool No

Building

Lot Description 26-30 Units/Acre, Corner Lot

Story 3

Entry Level Three Or More

Sewer Public Sewer, Sewer Assessment(s)

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 313273010

Energy Description 12500.0

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(707) 548-2287

vincebagala@sonic.net

9336 Chippewa Trail, Kelseyville, California, 95451, USA

876 S D ST Perris, CA 92570