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$6,500,000
Est. payment /mo
0.95 Acres Lot
UPDATED:
12/19/2024 05:50 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24215045
HOA Y/N No
Year Built 2019
Lot Size 0.950 Acres
Property Description
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.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features None
Pool None
Community Features Curbs, Rural
Total Parking Spaces 29
Private Pool No
Building
Lot Description 26-30 Units/Acre, Corner Lot
Story 3
Entry Level Three Or More
Sewer Public Sewer, Sewer Assessment(s)
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 313273010
Energy Description 12500.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
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Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940