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Perris,CA 92570
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24215045
Year Built 2019
Lot Size 0.950 Acres
Property Description
New Majestic is a 2019 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.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central
Exterior
Parking Features None
Pool None
Community Features Curbs,Rural
Building
Lot Description 26-30 Units/Acre,Corner Lot
Story 3
Sewer Public Sewer,Sewer Assessment(s)
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan
Listing Terms Cash,Cash to Existing Loan
Special Listing Condition Standard