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.
Value in Land- zoning RC-VIDR - Great opportunity on a 33,106 sq ft flat, usable lot featuring two manufactured homes totaling 4 bedrooms and 4 bathrooms with approximately 1,654 sq ft of combined living space. Ideal for multi-generational living, rental income, or extended occupancy. Enjoy country-style living with plenty of room for animals, equipment, RVs, and recreational use. The fully usable land offers flexibility for a variety of residential or investment needs. Located in the heart of the Inland Empire, Perris continues to experience significant industrial and economic growth, driven by its proximity to major transportation corridors and regional distribution networks. The city has become a key logistics hub serving Southern California and the Western U.S., with multiple large-scale warehouse and industrial developments underway, including projects exceeding 600,000–850,000+ sq ft and ongoing construction activity throughout the area. This continued expansion is fueling long-term demand and positioning Perris as a strategic location for investors and developers. Property can also be purchased with adjacent parcel at 2240 Markham St, featuring an additional 3-bedroom, 2-bath home (approx. 1,736 sq ft), steel building, and 37,026 sq ft lot, creating a rare multi-parcel opportunity with expanded potential. Excellent opportunity for investors, developers, or owner-users looking to capitalize on growth in a rapidly expanding corridor.
Value in the Land - Zoned RC-VIDR - Spacious manufactured home on a 37,026 sq ft lot offering exceptional flexibility and future potential. Features 3 bedrooms, 2 bathrooms, and approx. 1,736 sq ft of living space. Enjoy usable, flat land ideal for animals, equipment, RVs, or recreational use. Property includes a steel building, perfect for storage, workshop, or business use. Located in the rapidly expanding Inland Empire, Perris has become a growing logistics and industrial hub, driven by its proximity to major transportation corridors including the I-215 and regional distribution networks. Multiple large-scale industrial and commercial developments are actively underway throughout the city, further supporting long-term growth and demand in the area. This property presents a unique opportunity for investors, owner-users, or developers seeking usable land in a high-growth corridor. Potential to purchase with adjacent property at 18420 Decker Rd for expanded development possibilities.
1.1 acre parcel zoned light-industrial with 5 existing units, plus pool, pool-house and storage unit in rural, bucolic setting featuring Cedar, Birch, Eucalyptus, Loganberry trees with full-circle driveway access, dedicated firepit and more. Decorative sidewalks connect all units. 7 marked parking stalls, add'l unmarked parking for 10+ vehicles on property. Unit #1: 5b/2ba, 1,280 sqft, single-story / Unit #2: 2b/1ba, 630 sqft, single-story / Unit #3: 4b/2ba, 1,100 sqft, single-story / Unit #4: 2b/1ba, 670 sqft, single-story / Unit #5: 6b/2ba, 1,970 sqft (two-story, fireplace) Pool: 30' X 15' / Pool Hse, 1/2 ba, 300 sqft / Storage Unit: N/A, 500 sqft
Perris is located in California. Perris, California has a population of 78,106. Perris is more family-centric than the surrounding county with 47.45% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Perris, California is $70,910. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Perris is 29.2 years.
The average high temperature in July is 98.4 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 11.9 inches per year, with 0 inches of snow per year.
