876 S D St - Apartments FOR SALE


Perris, CA 92570
$6,500,000 USD
562-260-0940
876 S D St, Perris, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/9
null | 5.61% Cap Rate

876 S D St
Perris, CA 92570


HIGHLIGHTS

  • 2021 Construction
  • Large well Designed Apartments
  • Prime Retail Space with excellent visibility

OVERVIEW

New Majestic is a 2021 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.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

23

PRICE/UNIT

$282,609

CAP RATE

5.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

Mix-Use Property

APN/PARCEL ID

313-273-010

ASK ABOUT THIS PROPERTY

Mike MarcuThe Mogharebi GroupMore Info
562-260-0940

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Mike MarcuThe Mogharebi GroupMore Info
562-260-0940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.