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318-334 S D St 13,640 SF 100% Leased Retail Building Perris, CA 92570 $3,500,000 ($256.60/SF) 4.01% Cap Rate

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INVESTMENT HIGHLIGHTS

  • This exceptional multi-building commercial portfolio is strategically located in Downtown Perris. Please do not disturb or contact tenants.
  • Please contact listing agents for more information.

EXECUTIVE SUMMARY

Prime Downton Perris Commercial Portfolio. 10 units across 4 Buildings. A rare opportunity to acquire 4 commercial buildings totaling 10 individual units located in the heart of the City of Perris' Downtown Redevelopment Area. This portfolio includes the historic Lerner Warehouse Building, offering character, visibility, and strong potential for repositioning or long term cash flow. With most units currently leased at rents far below market value, this portfolio offers significant upside for investors. The ability to adjust rental rates to market standards, combined with ongoing City redevelopment efforts, positions this asset for major NOI growth and long-term value creation. Situated within a rapidly improving district supported by the City's ongoing revitalization efforts, these properties provide excellent frontage and proximity to civic centers, transit, and future development. Ideal for investors seeking multi-tenant commercial income, value-add potential, or participation in the area's long-term growth. Whether utilized for retail, office, creative space, or adaptive reuse, this exceptional multi-building offering represents one of the most strategically located commercial opportunities in Downtown Perris.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $181,329 $13.29
Other Income - -
Vacancy Loss - -
Effective Gross Income $181,329 $13.29
Taxes - -
Operating Expenses - -
Total Expenses $40,922 $3.00
Net Operating Income $140,407 $10.29

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $181,329
Annual Per SF $13.29
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $181,329
Annual Per SF $13.29
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $40,922
Annual Per SF $3.00
Net Operating Income
Annual $140,407
Annual Per SF $10.29

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
13,640 SF
Building Class
C
Year Built
1950
Price
$3,500,000
Price Per SF
$256.60
Cap Rate
4.01%
NOI
$140,407
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
C2, Perris
Frontage
111’ on E 4th St

AMENITIES

  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Alex Bridal & Photographer
  • Retailer
  • -
  • -
  • -
  • Anahi's Boutique
  • Retailer
  • -
  • -
  • -
  • Cove Glam
  • Retailer
  • -
  • -
  • -
  • Down Town Treasure Box
  • Public Administration
  • -
  • -
  • -
  • Garage Door Repair Perris
  • Retailer
  • -
  • -
  • -
  • Maroly's Ice Cream LLC
  • Retailer
  • -
  • -
  • -
  • Nieve De Garrafa La Que Buena
  • Retailer
  • -
  • -
  • -
  • S S Registration & Insurance
  • Finance and Insurance
  • -
  • -
  • -
  • World's Biggest Barber Shop
  • Services
  • -
  • -
  • -
  • Zapateria Jerez
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Alex Bridal & Photographer Retailer - - -
Anahi's Boutique Retailer - - -
Cove Glam Retailer - - -
Down Town Treasure Box Public Administration - - -
Garage Door Repair Perris Retailer - - -
Maroly's Ice Cream LLC Retailer - - -
Nieve De Garrafa La Que Buena Retailer - - -
S S Registration & Insurance Finance and Insurance - - -
World's Biggest Barber Shop Services - - -
Zapateria Jerez Retailer - - -
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Bank of America
Cardenas
Denny's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 313-081-035
  • 313-111-001
  • 313-081-034
  • 313-081-033
Land Assessment
$241,825 (2025)
Improvements Assessment
$904,782 (2025)
Total Assessment
$1,146,607 (2025)
  • Listing ID: 38582150

  • Date on Market: 11/26/2025

  • Last Updated:

  • Address: 318-334 S D St, Perris, CA 92570

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