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Listed by Mike Marcu, DRE #00919594 • Mike Marcu, Broker
$ 6,500,000
Est. payment /mo
Active
876 S D Perris, CA 92570
0.95 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26221383
Year Built 2019
Lot Size 0.950 Acres
Source California Regional MLS
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 opport
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central Forced Air
Laundry Washer
Exterior
Parking Features No Parking
Garage Spaces 29.0
Pool None
Building
Story Three or More Stories
Sewer TBD
Water District - Public
Others
Tax ID 313273010
Special Listing Condition Not Applicable
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