tomo logo

$6,500,000

Beds
Unknown
sq ft
29,760

876 S D St, Perris, CA 92570

876 S D St

Perris, CA 92570

  • 34 days on market
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.

Details

Property type

Mixed Use

Est. home value

$5,771,515

Lot size

0.95 acres

Price per sq ft

$219

Year built

2019

Price History

10/16/2024
CRMLS

CRMLS #OC24215045

Listed
$6,500,000
+12.07%
07/08/2022
CRMLS

CRMLS #OC22077841

Sold
$5,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eh National Bank

Loan start date

April 2022

Original loan amount

$3,770,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Purchase Money Mortgage

Seller

Nady Z Hebish and Jehan A Shahid

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 3:35 AM

Listing updated: 10/16/2024 at 4:20 PM

Listed by: Mike Marcu, Mike Marcu, Broker Phone #: (909) 371-1322

MLS: CRMLS #OC24215045

CRMLS logo

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