5
See all 5 photos
$6,500,000
Est. payment /mo
0.95 Acres Lot
Active
876 S D ST Perris, CA 92570
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UPDATED:
12/16/2024 06:24 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24215045
Originating Board California Regional MLS
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 Forced Air
Laundry Washer, Dryer
Exterior
Parking Features No Parking
Garage Spaces 29.0
Pool None
Building
Story Three or More Stories
Sewer TBD
Others
Tax ID 313273010
Special Listing Condition Not Applicable
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Listed by Mike Marcu • Mike Marcu, Broker
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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