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Listed by James Hebish • James Hebish Broker
$6,950,000
Est. payment /mo
29,560 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 29,560 sqft
Price per Sqft $235
MLS Listing ID PW-26090989
Year Built 2021
Lot Size 0.950 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
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.
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 Patio
Laundry Dryer Included, Inside, Washer Included
Exterior
Pool None
Community Features Valley
View Y/N Yes
View Courtyard
Building
Lot Description 26-30 Units/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900