Quick Perris City CA MLS Search

Browse All Perris City CA Multi-Family Properties for Sale

$3,300,000
AR26191591 MLS Active Status
2ND Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.7% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings. ) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies. The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.

5928 S Hoover Street, Los Angeles

$1,500,000
8 Beds 4 Baths 26875621 MLS Pending Status
Located in the heart of Prime Pico-Robertson, this beautifully renovated four-unit property presents a rare opportunity to acquire a designer-upgraded multifamily asset in one of Los Angeles' most desirable and centrally located neighborhoods. The property features four spacious 2-bedroom, 1-bath residences, including three extensively remodeled units, one long-term tenancy, and one unit delivered vacant creating immediate flexibility for an owner-user or investor seeking strong rental potential. The renovated residences showcase a high level of finish with wood flooring, custom cabinetry, quartz countertops, stainless-steel appliances, wine refrigerators, custom bathrooms, newer windows, central HVAC, and custom-built hardwood entry doors. Major building improvements include updated electrical panels, subpanels and wiring, copper plumbing, and individually metered units. Each residence also benefits from its own laundry room and off-street parking. The gated property offers exceptional privacy and functionality with secure street access, perimeter fencing, a remote-controlled driveway gate, three individual garage/storage spaces, and a substantial rear parking area. Ideally situated in the heart of the Westside, residents enjoy convenient access to Beverly Hills, Century City, Culver City, the Miracle Mile, and major Westside employment centers, along with some of Los Angeles' best dining, shopping, entertainment, and neighborhood amenities. With its desirable 2-bedroom unit mix, extensive renovations, vacant-unit opportunity, gated parking, and highly sought-after location, the property appeals to a broad tenant base and is well positioned to benefit from the area's consistently strong rental demand. A rare opportunity to own a turnkey multifamily property in one of Los Angeles' most established and desirable rental markets.

8547 Cashio Street, Los Angeles

$4,199,000
BB26190537 MLS Active Status
1330 S Longwood Ave is a massive brand-new 2026 construction luxury 5-unit in prime Miracle Mile / Mid-Wilshire. Already 80% leased at strong market rents, this turnkey asset delivers immediate cash flow with a projected 5.74% cap rate and $306,360 in gross potential annual income. The property features an exceptional unit mix of three spacious 4-bedroom residences and two 3-bedroom residences. The two largest 4-bedroom residences feature private rooftop decks and are projected to achieve $5,995 per month, with 1 already achieving that rent. Each thoughtfully designed unit offers generous living spaces, sleek kitchens and bathrooms, designer finishes, kitchen islands, balconies, central HVAC, in-unit washers and dryers, and abundant natural light. Located on a quiet residential street in the heart of Miracle Mile, Longwood places tenants just minutes from The Grove, LACMA, the Academy Museum, La Brea Tar Pits, Beverly Center, and some of LA’s best shopping, dining, and entertainment. The property also benefits from proximity to major employment centers including Cedars-Sinai Medical Center, Television City, and the broader Mid-Wilshire and Hollywood media corridor, creating strong demand from professionals seeking modern housing in one of LA’s most centrally located neighborhoods. With all utilities separately metered, brand-new systems, 10 on-site parking spaces, and premium low-maintenance construction, 1330 S Longwood offers buyers a rare combination of luxury design, immediate income, and long-term rental strength. Offered at $4,199,000, or approximately $839,800 per unit and $520 per square foot, Longwood represents an exceptional opportunity to acquire a high-quality new construction asset in prime Miracle Mile.

1330 S Longwood Avenue, Los Angeles

$1,399,000
9 Beds 5 Baths 26925959 MLS Active Status
A rare opportunity to acquire a substantially updated fourplex offering immediate income, an exceptional unit mix and compelling long term upside in one of San Pedro's most desirable locations. Whether you are building your first real estate portfolio or adding to an established one, this fully occupied property delivers the combination investors look for: strong in place rents, spacious units, recent improvements and future income growth potential. Offering approximately 4,132 square feet, the property features one 3 bedroom, 2 bathroom residence and three 2 bedroom, 1 bathroom units. Unit 4 has been renovated with improvements to the kitchen, bathroom and living areas. Unit 2 has been partially updated, while Unit 1 received a replacement stove, ceiling fans and updated kitchen and living room flooring. The Unit 1 kitchen was not fully remodeled, providing an opportunity for a future investor to add value. Additional property improvements include fresh exterior paint, a low maintenance concrete yard surface, property fumigation and sewer piping replacement. These updates enhance the property's overall appearance while helping reduce future maintenance and deferred improvement concerns. Current scheduled rents total approximately $8,163 per month, providing immediate income with additional long term rental upside. The generous floor plans, desirable bedroom count and improved condition make this an attractive opportunity for both new and seasoned investors seeking a well positioned four unit asset. Conveniently located near shopping, restaurants, parks, freeway access, the LA Harbor and San Pedro's evolving waterfront district. The nearby West Harbor development is bringing expanded dining, entertainment, recreation and waterfront access to the area, adding to San Pedro's long term appeal. An outstanding opportunity to own a four unit property with strong in place income, substantial updates and meaningful future potential. Property is subject to applicable rent control regulations. Buyer to independently verify rents, expenses, square footage, unit condition, improvements, permits and future rental potential.

1206 N Park Western, San Pedro

$1,800,000
P1-28667 MLS Active Status
Tremendous development opportunity offering current income-producing units. Ideal location in the heart of Northeast Los Angles at the junction of Glassell Park, Eagle Rock, and Highland Park, 1550 El Paso Drive presents a compelling mixed-use asset ideal for the savvy investor. On a large 14,000sqft plus lot, the property features 10 Units with a Mix of (4) 1BD/1BA; (6) 2BD/1BA; on a mixed-use-zoned lot with strong street visibility along one of Northeast Los Angeles' most prominent commercial corridors, surrounded by some of the city's hottest new shopping, dining, and neighborhood destinations.Located just minutes from neighborhood anchors such as Occidental College, the property sits within the vibrant Northeast Los Angeles submarket encompassing Eagle Rock, Highland Park, and Glassell Park. Together, these communities represent a combined population of over 110,000 residents with rising median household incomes, a highly educated workforce, and a strong concentration of young professionals, creatives, and long-term homeowners. The area is known for its thriving retail and dining scenes along Colorado Boulevard, York Boulevard, and Figueroa Street, as well as its proximity to major employment centers in Downtown Los Angeles, Pasadena, and Glendale.With strong neighborhood demographics, walkable lifestyle amenities, and continued growth across Northeast LA, 1550 El Paso Drive offers a rare opportunity to acquire a well-located mixed-use property with stable in-place income and long-term upside in one of Los Angeles' most sought-after urban neighborhoods.

1550 El Paso Drive, Los Angeles

$2,250,000
7 Beds 5 Baths 26933039 MLS Active Status
Own a rare piece of Los Angeles architectural history. Designed circa 1937 by renowned architect Arthur W. Hawes, 4447 Finley Avenue embodies the elegance, craftsmanship, and architectural optimism of Hollywood's prewar Streamline Moderne era. Rich in character yet extensively modernized, this turnkey four-unit property offers architectural distinction, low-maintenance ownership, and exceptional long-term investment potential in the heart of Los Feliz. The unit mix consists of one 1-bedroom plus convertible office/1-bath unit, two 2-bedroom/1.5-bath units, and one 2-bedroom/2-bath unit. Each residence features its own washer and dryer, separate water heater, and individual HVAC system, providing convenience and independence for tenants. More than $600,000 in capital improvements have been completed, including new plumbing, new 400-amp electrical service, individual subpanels for each unit, a dedicated house panel servicing recirculating pumps for near-instant hot water, new kitchens and baths, new appliances, updated drywall, crown molding, baseboards, doors, hardware, and upgraded finishes throughout. The interiors were extensively renovated down to the studs and floorboards, with virtually every major component replaced. The front two residences are desirable TOWNHOME-STYLE units featuring hardwood flooring, while the rear units have been professionally soundproofed for enhanced comfort and privacy. The property has also successfully completed its SB-721 balcony inspection requirements. For investors seeking a highly improved, easy-to-manage asset with exceptionally low maintenance requirements and minimal controllable operating expenses, 4447 Finley Avenue presents a rare opportunity. Located just moments from the shops, restaurants, and nightlife of Hillhurst Avenue, Griffith Park, the Greek Theatre, and Los Feliz Village, the property also offers approximately 37% upside potential in current rental income. Additionally, three (3) units participate in the RUBS utility reimbursement program, providing further income enhancement opportunities. EXTREMELY LOW OWNER EXPENSES AND VERY EASE MANAGEMENT. As a side note: "Hawes' portfolio includes the iconic Hollywood Reporter Building, the Crest Theatre in Westwood, and the celebrated Hawes House in West Los Angeles."

4447 Finley Avenue, Los Angeles

$1,995,000
26931871 MLS Active Status
Ridgeview Apartments, a 10-unit apartment property located at 43611 Florida Avenue in Hemet, California. The property includes seven two-bedroom / two-bath units and three one-bedroom / one-bath units. Built in 1968, Ridgeview Apartments has approximately 8,250 rentable square feet and sits on a 0.31-acre lot. Residents have access to a swimming pool, gated entry, on-site laundry and 24 parking spaces, including 14 covered spaces. Units include central air and heat, individual water heaters, dishwashers, garbage disposals and dual-pane windows. Gas and electricity are separately metered, while the owner pays for water, sewer and trash. Ridgeview Apartments is located along Florida Avenue, one of Hemet's main commercial corridors. The surrounding area gives residents convenient access to shopping, restaurants, schools, healthcare and other everyday services. Hemet is located in the San Jacinto Valley in Riverside County and remains one of the more affordable housing markets in Southern California. The local economy is supported by healthcare, education, retail and government employment, while nearby communities including Menifee, Murrieta and Temecula provide additional jobs and services. Ridgeview Apartments is well positioned within a Hemet market that continues to benefit from relative affordability, a broad base of local employment and access to nearby cities such as Menifee, Murrieta and Temecula. With housing costs across Southern California remaining elevated, Hemet continues to attract renters looking for more attainable housing without leaving the Inland Empire. That combination should continue to support demand for well-located apartment properties like Ridgeview.

43611 State Highway 74, Hemet

$1,850,000
4 Beds 2 Baths 26878257 MLS Active Status
Rare opportunity to own a charming El Segundo duplex featuring two detached cottages with private yards on one lot. This distinctive layout offers added privacy, flexibility, and character, with appealing possibilities for an owner-user or investor. The front cottage, which will be delivered vacant, offers approximately 800 sq. ft. with two bedrooms plus a flexible additional room ideal for a home office or den. A beautiful covered front porch adds classic cottage charm, while the private yard offers an inviting space to relax and enjoy the Southern California lifestyle. The second cottage is currently tenant-occupied, providing existing rental income. Live in the front cottage while benefiting from income generated by the second residence, or explore the property's potential as an investment. Both homes offer opportunities to renovate, restore, and personalize over time.Enjoy nearby restaurants, cafes, and boutiques along Main Street and Grand Avenue, with the beach just minutes away. Recreation Park is also close by, offering pickleball and tennis courts, baseball fields, playgrounds, green spaces, picnic areas, and community activities. Located within the El Segundo Unified School District, the property combines cottage charm with convenient access to local amenities. Whether you're seeking a home with built-in rental income or an investment with future possibilities, this detached duplex offers a distinctive opportunity in El Segundo.

627 E Grand Avenue, El Segundo

$429,900
3 Beds 4 Baths OR26191073 MLS Active Status
Tucked away on 9.29 acres in the peaceful Oregon House foothills, 9018 Winding Way offers privacy, beautiful views, and a setting that’s hard to find. With a pond, open land, and views overlooking Lake Englebright and the surrounding foothills, this property provides plenty of space to enjoy the outdoors and make it your own. Inside, the main living area features soaring ceilings, hardwood floors, a wood-burning stove, and large windows that fill the space with natural light while taking in the scenery beyond. The spacious primary suite offers plenty of room to unwind, while a separate alcove provides a versatile space for a home office, reading area, or quiet retreat. A brand-new HVAC system has also been installed. One of the home’s standout features is its two attached, self-contained studio spaces. Each studio has its own private exterior entrance and is separate from the main living quarters, offering flexibility for guests, extended family, a home office, creative space, or potential rental income. Step outside to explore the property’s 9.29 acres, featuring partial fencing, a pond, remnants of a vineyard and orchard, stone patios, and plenty of usable space for animals, gardening, recreation, or future projects. The outdoor areas provide an ideal place to enjoy the natural surroundings, with views stretching toward Lake Englebright, the mountains, and neighboring foothills. The home is ready for someone to bring fresh ideas and updates, while many of the features that make this property special are already in place: acreage, privacy, water, views, and a versatile floor plan. Whether you’re looking for a country retreat, a multi-generational setup, or simply more room to spread out, 9018 Winding Way offers the opportunity to create something truly your own.

9018 winding way, Oregon House

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Perris City Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Perris City and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!