CA > Murrieta > Temecula
Murrieta, CA 92563,28601 Calle Del Lago
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Murrieta, CA 92563,28601 Calle Del Lago
Murrieta, CA 92563,28601 Calle Del Lago
Murrieta, CA 92563,28601 Calle Del Lago
Murrieta, CA 92563,28601 Calle Del Lago
Valerie Upham
Valerie Upham

+1(858) 761-7890

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$ 1,270,000

$ 1,199,000 5.9%

Est. payment /mo
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Sold on 04/14/2025

28601 Calle Del Lago Murrieta, CA 92563

9 Beds

8 Baths

800 SqFt

UPDATED:

Key Details

Sold Price $1,270,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $1,587

Subdivision Temecula

MLS Listing ID 250020958

Sold Date 04/14/25

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 may 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 projected pro forma cap rate of 6.72% does not include ADU potential, possibly 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 are available upon request—don't miss this high-yield investment opportunity!

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

Financing Conventional

San Diego Regional MLS (SDMLS)
Listed by Joseph D Silva • CCG RE Investment Services Inc
Bought with Joseph D Silva • CCG RE Investment Services Inc
agent

Valerie Upham

+1(858) 761-7890

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28601 Calle Del Lago