876 S D St Perris, CA 92570
Downtown Perris NeighborhoodEstimated payment $43,289/month
Highlights
- 0.95 Acre Lot
- Fireplace
- Central Heating
- Courtyard Views
- Laundry Room
- 1-minute walk to Mercado Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2021
Lot Details
- 41,382 Sq Ft Lot
- Two or More Common Walls
- Density is 26-30 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 29,560 Sq Ft Home
- 3-Story Property
- Fireplace
- Courtyard Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 29 Open Parking Spaces
- 29 Parking Spaces
Additional Features
- Fireplace in Patio
- Central Heating
Listing and Financial Details
- Legal Lot and Block 4 / 15
- Tax Tract Number 313
- Assessor Parcel Number 313273010
- $67,238 per year additional tax assessments
Community Details
Overview
- 29 Units
- Valley
Building Details
- 15 Leased Units
- 29 Separate Electric Meters
- 29 Separate Gas Meters
- 29 Separate Water Meters
- Electric Expense $8,520
- Fuel Expense $8,520
- Insurance Expense $24,558
- Maintenance Expense $7,000
- Pest Control $995
- Trash Expense $8,520
- Water Sewer Expense $8,520
- Operating Expense $133,871
- Gross Income $562,681
- Net Operating Income $411,930
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $67,238 | $6,034,320 | $1,404,540 | $4,629,780 |
| 2023 | $67,238 | $5,800,000 | $1,350,000 | $4,450,000 |
| 2022 | $62,428 | $5,352,035 | $1,313,973 | $4,038,062 |
| 2021 | $53,048 | $4,547,094 | $1,288,209 | $3,258,885 |
| 2020 | $5,054 | $428,391 | $58,391 | $370,000 |
| 2019 | $695 | $57,247 | $57,247 | $0 |
| 2018 | $664 | $56,125 | $56,125 | $0 |
| 2017 | $656 | $55,025 | $55,025 | $0 |
| 2016 | $643 | $53,947 | $53,947 | $0 |
| 2015 | $631 | $53,138 | $53,138 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $6,950,000 | +19.8% | $235 / Sq Ft | |
| 07/08/2022 07/08/22 | Sold | $5,800,000 | -7.9% | $215 / Sq Ft | View Prior Sale |
| 04/25/2022 04/25/22 | Pending | -- | -- | -- | |
| 04/18/2022 04/18/22 | For Sale | $6,300,000 | -- | $233 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $5,800,000 | First American Title | |
| Grant Deed | $1,650,000 | First American Title Company | |
| Grant Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000 | New Conventional | |
| Previous Owner | $2,400,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26090989
APN: 313-273-010
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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