876 S D, Perris, CA 92570
876 S D, Perris, CA 92570
876 S D, Perris, CA 92570
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Tera Rench

Tera Rench

+1(262) 370-7299
$6,500,000
Est. payment /mo
0.95 Acres Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26221383

HOA Y/N No

Year Built 2019

Lot Size 0.950 Acres

Property Sub-Type Apartment

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

Area 699 - Not Defined

Interior

Heating Central

Fireplace No

Appliance Washer

Exterior

Parking Features None

Pool None

Community Features Street Lights, Suburban, Sidewalks

Total Parking Spaces 29

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 3

Entry Level Three Or More

Sewer Sewer Assessment(s)

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 313273010

Energy Description 3200.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Mike Marcu Mike Marcu, Broker 949 688 1224, DRE #00919594

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