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  • MLS#: OC24215045 ( Commercial/Residential )
  • Street Address: Address Not Provided
  • Viewed: 3
  • Price: $6,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2019
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: RIVERSIDE
  • City: Perris
  • Zipcode: 92570
  • Provided by: Mike Marcu, Broker
  • Contact: Mike Mike
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    New Majestic is a 2019 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 29760.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 3500.00
Fuel Expense
  1. 12500.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 5040.00
Heating
  1. Central
Insurance Expense
  1. 7800.00
Laundry Features
  1. Dryer Included
  2. Washer Included
Levels
  1. Three Or More
Lot Features
  1. 26-30 Units/Acre
  2. Corner Lot
Netoperatingincome
  1. 364329.00
Newtaxesexpense
  1. 78256.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Number Of Separate Water Meters
  1. 16
Otherexpense
  1. 13225.00
Otherexpensedescription
  1. Various
Parcel Number
  1. 313273010
Parking Features
  1. None
Pool Features
  1. None
Professionalmanagementexpense
  1. 20872.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
  2. Sewer Assessments
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425383965:CRM
Taxblock
  1. 15
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 45197.00
Totalexpenses
  1. 157380.00
Trash Expense
  1. 11162.00
Uncovered Spaces
  1. 29.00
Vacancyallowance
  1. 20655
Water Sewer Expense
  1. 10000.00
Year Built
  1. 2019
Year Built Source
  1. Assessor