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
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$ 1,199,000
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Active

28601 Calle Del Lago Murrieta, CA 92563


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Temecula

MLS Listing ID 250020958SD

HOA Y/N No

Year Built 1988

Lot Size 8,276 Sqft

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

Area Srcar - Southwest Riverside County

Building/Complex Name NA

Zoning R3

Interior

Cooling Central Air

Fireplace No

Exterior

Fence Partial

Pool None

View Y/N No

Roof Type Composition

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 913171006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


California Regional MLS (CRMLS)
Listed by Joseph Silva • CCG RE Investment Services Inc
agent

Nicole Darwin

Advisor

+1(707) 330-4357

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28601 Calle Del Lago