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About the Listing PB22674 - PWHEBJAM
Rare mixed-use investment opportunity in the heart of Perris, California. Built in 2021, this modern 29,560 SF property sits on approximately 0.95 acres and features 15 residential units alongside 8 commercial suites, offering a compelling blend of diversified income streams in a single asset. The residential units consist of spacious townhome-style two-bedroom floor plans ranging from 1,100 to 1,400 SF, each equipped with in-unit washer/dryers and access to an outdoor courtyard. Select units offer the potential to convert to three-bedroom configurations, providing meaningful value-add upside for the right investor. The ground-floor commercial suites range from 650 to 1,540 SF and are currently home to a variety of established tenants, delivering strong in-place cash flow from day one. The property includes 29 parking spaces serving both residential and commercial occupants. Current scheduled rental income stands at $562,681 annually, with a current cap rate of 5.27% and a market cap rate of 5.99%, reflecting additional upside through market-rate repositioning of residential units and commercial lease rollovers. Current NOI is $366,290, with a market pro forma NOI of $416,306. Priced at $6,950,000 ($233.53/SF), this newly constructed asset offers investors a turnkey, low-maintenance opportunity with significant long-term appreciation potential in Southern California's Inland Empire region.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
PW26090989
Year Built
2021
Total Square Footage
29,560
Lot/Acreage
0.95
County
Riverside
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Dryer, Washer
- Air Cond:
- Heating: Central
- Fireplaces: Outside
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 26-30 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 29
- Roof:
- Others: 2+ Total Units
- Sewer: Other
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 313273010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
876 S D Perris, CA 92570
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