318 S D Perris, CA $ 3,500,000
318 S D
$ 3,500,000
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318 S D

Perris, CA, 92570
$ 3,500,000
Bedrooms-- Baths-- Sq 17,000

Monthly Estimate*

$ 21,835

Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
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Commercial Property for sale in Perris, CA

for $3,500,000. This 17,000 square foot building was built in 1950 on a lot size of 0.486.

Prime Downtown Perris Commercial Portfolio – 10 Units Across 4 Buildings A rare opportunity to acquire four commercial buildings totaling ten 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.

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.486

Year Built

1950

Town/City

Perris

County/Region

Riverside

MLS | Web ID

IV25261802

Days on Market

22

Features
General
Heating None
Utilities Electricity Connected
Year Built 1950
Property Subtype Retail
Additional Parcels Description 313081033 313081035 313081034
County Riverside
Net Operating Income 140407
Insurance Expense 14464
Property Type Commercial Sale
MaintenanceExpense 2785
Special Listing Conditions Standard
Status Active
Directions 215 south right E. 4th west bound to D St.
City Perris
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 21168
Number of Units Leased 10
Listing Terms Submit
Land Lease Y/N false
Electric Expense 664
Current Financing None
Water Sewer Expense 630
Additional Parcels Y/N true
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Retail
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Interior
Total Stories 1
Heating Y/N false
Laundry Features None
Entry Level 1
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Exterior
Lot Features Corner Lot
Water Source Public
Lot Size Area 21168
Number of Buildings 4
Building Area Total 17000
Lot Size Acres 0.486
Lot Size Source Assessor
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* Excluded Features
List By
Berkshire Hathaway Homeservices California Realty

Broker

randallmorinrealtor@gmail.com

Email

Affordability Calculator

$21,835
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,835
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/21/2025$3,500,000 Listed Price

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318 S D, Perris, CA, 92570 is a Commercial Property for sale at $3,500,000 with 17,000 sqft and a lot size of 0.486. 318 S D was built in 1950. The property's zip code is 92570 which is in Perris, CA