876 S D, Perris, CA 92570
876 S D, Perris, CA 92570
876 S D, Perris, CA 92570
6
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$6,500,000
Est. payment /mo
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12 Beds
5 Baths
0.95 Acres Lot
New

876 S D Perris, CA 92570

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26221383

Bedrooms 12

Lot Size 0.950 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

The Mogharebi Group is pleased to present New Majestic, a distinctive mixed-use investment opportunity located at 876 S D Street in the heart of Perris, California. Built in 2019, this three-story property features 15 spacious apartment homes totaling approximately 20,600 square feet, along with eight ground-floor retail spaces totaling approximately 7,544 square feet, for a combined 28,144 square feet. The residential component consists of four two-bedroom/two-bathroom units and eleven two-bedroom/two-and-a-half-bathroom townhome-style units, with floor plans ranging from approximately 1,085 to 1,400 square feet. Quality construction and desirable amenities include granite countertops, hardwood-style flooring, stainless-steel appliances, washer/dryer hookups, private patios or balconies, and a controlled-access environment. Strategically positioned across from Mercado Park in downtown Perris, New Majestic offers investors the opportunity to acquire a newer-construction asset with diversified income streams from both residential and commercial tenants. The property benefits from proximity to shopping, dining, employment centers, the Perris-Downtown Metrolink Station, and Interstate 215. Individually metered gas and electricity there is a potential additional RUBS income opportunity for operational efficiency and increased revenue. With its attractive unit mix, modern construction, prominent downtown location, and potential for income growth, New Majestic represents a compelling investment opportunity in Riverside County's expanding Inland Empire market.

Location

State CA

County Riverside

Zoning Assessor

Direction 215 Freeway to Redlands Avenue west to 4th Street right to D Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 313273010

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Mike Marcu, DRE#00919594 Mike Marcu, Broker 

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Kurt Wannebo

Broker Associate CA Dre# 01468255

+1(858) 405-5878

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876 S D

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