Beautiful Horse Property with newly remodeled Manufactured Homes. The homes have access to its own well water, propane, electric and septic. The property has two domestic water wells, 2 irrigation wells. This estate offers many possibilities: Acreage, privacy, and a wonderful view of the valley.
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.
The duplex is situated on a large lot in the city or Perris. The property allows plenty of parking and additional storage for the tenants. One of the units has 3 bedrooms, 1 bathroom, a kitchen, and family room. The other unit has 2 bedrooms, 1 bathroom, a kitchen, and a family room.
The median home value in Perris, CA is $355,300. This is lower than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Perris, CA is $355,300. Approximately 73.36% of Perris homes are owned, compared to 19.42% rented, while 7.22% are vacant. Perris real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Perris real estate agent to arrange a tour today!
Perris, California 92570 has a population of 20,698. Perris 92570 is more family-centric than the surrounding county with 39.4% 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 92570 is $73,592. 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 92570 is 33.7 years.
The average high temperature in July is 98.6 degrees, with an average low temperature in January of 36.9 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.