28601 Calle Del Lago new Save Request In-Person Tour Request Virtual Tour
Murrieta,CA 92563
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Temecula
MLS Listing ID 250020958
Bedrooms 9
Full Baths 5
Half Baths 3
HOA Y/N No
Year Built 1988
Lot Size 8,276 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Uncover a rare 4-unit multifamily investment opportunity in the rapidly growing Murrieta market. Owned and self-managed for nearly four decades, the property has been well-maintained but remains underutilized, offering significant room for rental growth. This prime value-add asset presents immediate upside potential for investors looking to increase cash flow and long-term appreciation. The property consists of three 2BD/1.5BA units and one 3BD/2BA unit, offering strong rental demand and room for strategic renovations and repositioning. Zoned R-3, the property sits on a spacious 8,276 SF lot with a 1.0 FAR, providing potential for additional development. Investors have the opportunity to convert the four-car garage into multiple ADUs, further boosting income potential. Additionally, the garages are currently used for tenant storage, creating an immediate income opportunity for a new owner. The proforma cap rate of 6.72% does not include the ADU potential, presenting even greater upside for value-focused investors. The property also features seven designated parking spaces with ample street parking, enhancing tenant convenience. Conveniently located near major job hubs, top-rated schools, and the Murrieta Hot Springs Resort, this asset is well-positioned to capitalize on Murrieta's strong rental demand and future appreciation. Inspections and showings are available upon request—don't miss this high-yield investment opportunity! Contact us today for financials and to schedule a private viewing.
Location
State CA
County Riverside
Community Temecula
Area Riv Cty-Murrieta (92563)
Building/Complex Name NA
Zoning R3
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Wood/Stucco
Parking Features Unit1:Assigned Unit2:Assigned Unit3:Assigned Unit4:Assigned
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Level or Stories 2 Story
Others
Acceptable Financing Cash,Conventional,Exchange
Space Rent $1,795
Listing Terms Cash,Conventional,Exchange