876 S D STREET
Perris, CA 92570
0.95 acres | #OC24215045
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.
Property Details
- Lot DescriptionTwentySixToThirtyUnitsAcre, CornerLot
- Sewer InformationPublicSewer, SewerAssessments
- Property TypeMulti-Family
- Original List Price$6,500,000
- MLS #OC24215045
- MLS #OC24215045
- CountyRiverside
- Property SubtypeMixedUse
- Cost6500000
- Acres0.95
- Year Built2019
- Stories3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mike Marcu (#SMARCMIK)
Listing Office: Mike Marcu, Broker (#OC06634)
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