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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$6,950,000

Est. payment - /mo

0.95 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26090989

HOA Y/N No

Year Built 2021

Lot Size 0.950 Acres

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Heating Central

Fireplaces Type Outside

Fireplace Yes

Appliance Dryer, Washer

Laundry Inside

Exterior

Pool None

Community Features Valley

View Y/N Yes

View Courtyard

Total Parking Spaces 29

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 3

Entry Level Three Or More

Sewer Other

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 313273010

Energy Description 8520.0

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by James Hebish James Hebish Broker #02135254

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876 S D Perris, CA 92570