318 S D, Perris, CA 92570
Commercial property
Sold April 2026
Listing Agent: RANDALL MORIN (DRE #01804104) · Listing Office: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY · Contact: 951-965-6919 · Bought with: Joe Corbisiero · Compass · MLS #IV25261802 · Source: CRMLS
How this sale compares
318 S D sold for $2,850,000 in April 2026, 19% under its $3,500,000 list price, after 82 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
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 description from the April 2026 sale, as reported to CRMLS.
Sale history