Property Detail
Description
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.
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Listing provided courtesy of James Hebish of James Hebish Broker. Last updated 2026-06-06 08:11:17.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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