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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.
Last Updated | 10/16/2024 | Year Built | 2019 |
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Community | Not Defined | County | Riverside |
Additional Details
APPLIANCES | Dryer, Washer |
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AREA | Not Defined |
GARAGE | None |
HEAT | Central |
HOA DUES | 0 |
LOT | 0.95 acre(s) |
LOT DESCRIPTION | 26-30 Units/Acre, Corner Lot |
PARKING | None |
POOL DESCRIPTION | None |
SEWER | Public Sewer,Sewer Assessment(s) |
STORIES | 3 |
Location
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