876 S D St
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876 S D St
23 Unit Apartment Building $6,500,000 ($282,609/Unit) 5.61% Cap Rate Perris, CA 92570
Investment Highlights
- 2021 Construction
- Prime Retail Space with excellent visibility
- Large well Designed Apartments
Executive Summary
New Majestic is a 2021 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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 11 | $24,319 | 1,300 |
| 2+2 | 4 | $8,298 | 1,400 |
| 8+1 | 8 | $12,580 | 650 - 1,540 |
PROPERTY TAXES
| Parcel Number | 313-273-010 | Total Assessment | $5,800,000 (2023) |
| Land Assessment | $1,350,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,450,000 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
313-273-010
Land Assessment
$1,350,000 (2023)
Improvements Assessment
$4,450,000 (2023)
Total Assessment
$5,800,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | Mix-Use Property (Mix-Use Commercial/Residential.) |
| Mix-Use Property (Mix-Use Commercial/Residential.) |
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876 S D St
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