9,583 Sqft Lot
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25083044
HOA Y/N No
Year Built 1980
Lot Size 9,583 Sqft
Property Sub-Type Quadruplex
Property Description
28926 Calle Del Lago is a prime Murrieta offering located just off Murrieta Hot Springs Road, less than a mile west of Winchester Road. The property is within walking distance to grocery stores, restaurants, retail centers, parks, and schools. The area also offers convenient access to neighboring San Diego, Orange, and San Bernardino Counties via the I-215, I-15 and CA-79 freeways.
This rare 4-unit multifamily investment opportunity is located within an exclusive HOA community where properties rarely come up for sale. Built in 1980, the property is situated on a ±9,583 square foot lot with a total building size of ±3,760 square feet. The property offers an excellent unit mix including a spacious three-bedroom/two-bathroom unit located above the garages and three two-bedroom/two-bathroom townhome style apartment units. All units feature garage parking, central air conditioning and heating, individual water heaters, ceiling fans, open floorplans, and kitchens that are equipped with gas oven/stoves combination units. The townhome units also include individual private patios and Unit B enjoys direct garage access to its unit. The property also includes 4 additional off-street open parking spaces, an on-site laundry facility with leased machines, and is currently professionally managed by Cannon Management.
28926 Calle Del Lago has historically high occupancy and currently all tenants have a minimum of five years of residency at the property. There remains considerable rental upside potential; comparable two-bedroom/one-bathroom units in the surrounding area generate approximately $2,400 per month and comparable two-bedroom/two-bathroom units generate approximately $2,200 per month.
28926 Calle Del Lago is a prime Murrieta income-producing property and a great long-term investment. The property is in a highly desirable neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R3
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 913192008
Energy Description 330.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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