$3,500,000

318 S D, Perris, CA 92570

  • 17,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.49acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $206/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

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.

Listing Status:
Active
Date Added:
November 20, 2025 at 06:00AM
Listing Office:
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY : 909-583-9600
Listing Agent:
RANDALL MORIN : 951-965-6919
MLS ID:
CRIV25261802
  • Heating: None
  • County: Riverside
  • Zoning: 313111001
  • Utilities: Electricity Connected

This listing courtesy of RANDALL MORIN, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

P

Perris Elementary School

500 S A St, Perris, CA, 92570

Grades KG-6

0.40 miles away

I

Innovative Horizons Charter

1461 N A St, Perris, CA, 92570

Grades KG-8

1.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.