Mixed-Use Property with
New
For Sale
$6,500,000
876 S D, Perris, CA 92570
Three-story construction combines apartment homes with ground-floor commercial space in downtown Perris.
Property Size28,144 SF
Price / SF$230.96
Days on Market2
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Property Features for 876 S D
General Information
Standard status
Active
Size
28,144 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/2BA, 11 x 2BR/2.5BA
Multifamily Units
15
Additional Details
Floor
Ground
Amenities
granite countertops
hardwood-style flooring
stainless-steel appliances
washer/dryer hookups
private patios or balconies
controlled-access environment
Building Details
Year Built
2019
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Mike Marcu, Broker
(951) 226-5454
Listed By:
Mike Marcu (mike@mogharebi.com)
Source:
Mrmurrieta
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mike Marcu, Broker
Investment Insights
Based on property information with market context.
At 876 S D Street in Perris, this 2019-built, three-story mixed-use property contains 28,144 square feet. The building includes 15 apartments totaling approximately 20,600 square feet and eight ground-floor retail spaces measuring approximately 7,544 square feet. Residential plans comprise four two-bedroom, two-bathroom homes and eleven two-bedroom, two-and-a-half-bathroom townhome-style units, ranging from approximately 1,085 to 1,400 square feet. Features include granite countertops, hardwood-style flooring, stainless-steel appliances, washer and dryer hookups, private patios or balconies, and controlled access. Gas and electricity are individually metered.
The property is across from Mercado Park in downtown Perris. Shopping, dining, employment centers, the Perris-Downtown Metrolink Station, and Interstate 215 are identified as nearby destinations.
The property is across from Mercado Park in downtown Perris. Shopping, dining, employment centers, the Perris-Downtown Metrolink Station, and Interstate 215 are identified as nearby destinations.
Key Highlights
- Built in 2019; three stories and 28,144 square feet total
- 15 apartments totaling approximately 20,600 square feet
- Eight ground‑floor retail spaces totaling approximately 7,544 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$455,553
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,111,060
$9.1M
Cap Rate 7%
$6,507,900
$6.5M
Cap Rate 9%
$5,061,700
$5.1M
Market Conditions
NOI Build-Up for 28,144 SF
Gross rent
$844.3K $30.00/SF
− Vacancy
−$16.0K −$0.57/SF
EGI
$828.3K $29.43/SF
− OpEx
−$372.7K −$13.24/SF
NOI
$455.6K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,111,060
Cap Rate 7%
$6,507,900
Cap Rate 9%
$5,061,700
Alternative Uses
Best Use
Apartment 5plus
$6.51M
$5.69M – $7.59M
NOI $455,553 @ 7.0% cap · market cap 7.01%
Second Best
Retail
$5.76M
$5.04M – $6.72M
NOI $403,409 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$8.43M
$7.38M – $9.84M
NOI $590,203 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 92570, CA
59,015
Population
15,590
Households
3.8
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
106.3 sq mi
ZIP Area
555
Density / Sq Mi
$77,570
Median Household Income
$34,671
Median Earnings
$1,461
Median Rent
$419,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story construction combines apartment homes with ground-floor commercial space in downtown Perris.
Where is this mixed-use property located?
The property is located at 876 S D Perris, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Built in 2019; three stories and 28,144 square feet total; 15 apartments totaling approximately 20,600 square feet; Eight ground‑floor retail spaces totaling approximately 7,544 square feet
