876 South D Street

Perris, CA 92570

$6,500,000
Price
5
Beds
41
Baths
29,760 Sq. Ft.
$218 / Sq. Ft.
29,760
Sq. Ft.
$218
per Sq. Ft.

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...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.
  1. Listed by Mike Marcu • DRE #00919594 • Brokerage DRE #00919594 • Mike Marcu, Broker • 562-260-0940

Property Details for 876 South D Street

Parking Spaces Total
29
Private Pool
No
Total Units
23.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
29760
Assessor Parcel Number
313-273-010
Property Attached YN
true
LISTING UPDATED: 10/16/2024 09:08 AM

Property Details for 876 South D Street

StatusActive
MLS #OC24215045
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built2019
Lot Size0.95 AC / 41,382 SF
CountyRiverside County

Building Information for 876 South D Street

Stories3Residences-Year Built2019Building Size-Lot Size0.95 AC / 41,382 SF

Property Information for 876 South D Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $542,364
  • Vacancy Allowance: 20655
  • Gross Operating Income: $521,709
  • Net Operating Income: $364,329
  • Cap Rate: 5.61
Expense Details
  • Operating Expense: $157,380
  • New Taxes Expense: $78,256
  • Gardener Expense: $5,040
  • Fuel Expense: $12,500
  • Electric Expense: $3,500
  • Insurance Expense: $7,800
  • Maintenance Expense: $8,250
  • Professional Management Expense: $20,872
  • Other Expense: $13,225
  • Other Expense Description: Various
  • Trash Expense: $11,162
  • Water Sewer Expense: $10,000
  • Total Expenses: $157,380
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 273
  • Tax Census Tract: 428.02
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Curbs, Rural
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 26-30 Units/Acre, Corner Lot
  • Lot Location: Rural, Corner Lot
  • Number Of Units: 23
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Sewer: Public Sewer, Sewer Assessments
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 29
  • Open Other Spaces Total: 29
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $24,319
  • Unit Type Total Rent: $24,319
  • Unit Type Pro Forma: 26950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,298
  • Unit Type Total Rent: $8,298
  • Unit Type Pro Forma: 10000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $12,580
  • Unit Type Total Rent: $12,580
  • Unit Type Pro Forma: 12580
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 23
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 16

Property History for 876 South D Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 876 South D Street

Taxable ValueLand$1,377,000Additions$4,539,000Total$5,916,000
Tax Record2024$67,238 ($5,603 / month)
Home Facts
Total Finished SqFt27,448 SqFtAbove Grade Finished SqFt27,448 SqFtStories3Lot Size41,382 SqFtStyleStoresYear Built2019ZoningM1CountyRIVERSIDEAPN313-273-010

Schools near 876 South D Street

This home is within Perris Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Perris Elementary School
PublicK to 6

Pinacate Middle School
Public7 to 8

Perris High School
Public9 to 12

Perris Lake High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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876 South D Street is a mixed use property for sale in Perris, CA 92570. This property was listed for sale on October 15, 2024 by Mike Marcu, Broker, it's currently listed at $6,500,000. It has been on the market for a total of 41 days and was last sold on July 8, 2022. This listing's school districts are Perris Elementary School District, Perris Union High School District. Nearby schools include Perris Elementary School, Pinacate Middle School and Perris High School. 876 South D Street is a 5-bed, 41-bath, 29,760 sqft mixed use property built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.