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318 S D
For Sale $3,500,000
$3,500,000
- Units
- Unknown Sq Ft
- 21,168 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,500,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1950 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 313111001 |
| MLS # | IV25261802 |
| Property ID | 322400633 |
| Lot Sqft | 21,168 |
| Zoning | Unknown |
| Days on Market | 70 |
| Original List Price | $3,500,000 |
| Date Updated | November 20, 2025 |
| Date Created | November 19, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
RANDALL MORIN an agent of Berkshire Hathaway Homeservices California Realty. Lic #01804104
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 20, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT