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$ 6,500,000
Est. payment | /mo
12 Beds
5 Baths
0.95 Acres Lot
$ 6,500,000
Est. payment | /mo
12 Beds
5 Baths
0.95 Acres Lot
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
Listed by Mike Marcu, DRE#00919594 Mike Marcu, Broker
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