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.
Property Details
Price:
$1,199,000
MLS #:
250020958SD
Status:
Active
Baths:
0
Address:
28601 Calle Del Lago
Type:
Residential Income
Subdivision:
Temecula
Neighborhood:
srcarsouthwestriversidecounty
City:
Murrieta
Listed Date:
Mar 7, 2025
State:
CA
ZIP:
92563
Lot Size:
8,276 sqft / 0.19 acres (approx)
Year Built:
1988
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Schools
Interior
Cooling
Central Air
Exterior
Fencing
Partial
Parking Spots
0.00
Pool Features
None
Roof
Composition
Spa Features
None
Stories Total
2
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address28601 Calle Del Lago Murrieta CA
- AreaSRCAR – Southwest Riverside County
- SubdivisionTemecula
- CityMurrieta
- CountyRiverside
- Zip Code92563
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28601 Calle Del Lago
Murrieta, CA
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