876 S D, Perris, California 92570, Perris, 92570 - 0 bed, 0 bath
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Perris, California 92570
Analysis of 876 S D, Perris, California 92570 is currently available with a list price of $6,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Perris Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Built in 2021, this modern mixed-use property is less than 10 years old and in mint condition. As a new construction, it offers turnkey residential and commercial units with contemporary systems and finishes, requiring no maintenance or updates.
Built in 2021, this turnkey asset provides a balanced and diversified income stream from 15 residential townhomes and 8 commercial suites, significantly reducing vacancy risk.
The property offers meaningful upside through the potential conversion of two-bedroom units into three-bedroom configurations and the repositioning of residential and commercial leases to market rates.
Spacious townhome-style layouts ranging up to 1,400 SF with in-unit laundry and courtyard access provide a competitive edge in the local rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 29560, other record living area = 27448.
With only 29 parking spaces serving 23 total units (15 residential and 8 commercial), the parking-to-unit ratio may be a constraint for high-traffic commercial tenants or multi-vehicle households.
The current cap rate of 5.27% is relatively modest for the Perris submarket, requiring active management and lease rollovers to achieve the projected 5.99% market pro forma.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 29,560 | 3,500 | 67% |
| Lot Size | 41,382 | 5,227 | 67% |
| Price | $6.95M | $824.0K | 67% |
| Price per sq ft | $235 | $235 | 50% |
| Built year | 2021 | 1928 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 143 | 33% |
Apr 27, 2026
$6,950,000
Initial Listing
Jul 8, 2022
$5,800,000
Public Record
Jan 17, 2020
$1,650,000
Public Record