28926 Calle del Lago - Multi-Family FOR SALE


Murrieta, CA 92563
$1,300,000 USD
909-418-2071
28926 Calle del Lago, Murrieta, CA for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/21
null | 3.14% Cap Rate

28926 Calle del Lago
Murrieta, CA 92563


HIGHLIGHTS

  • Centrally Located 4-Unit Property in Prime Murrieta
  • Exclusive HOA Community Where Properties Rarely Come Up for Sale
  • Excellent Unit Mix of One Three-Bedroom/Two-Bathroom Unit & Three Two-Bedroom/Two-Bathroom Townhome Style Units | Average Unit Size of 940 SF
  • Historically High Occupancy & Easy to Manage | All Tenants Have a Minimum Residency of Five Years
  • Individual Units Feature Garage Parking, Central AC & Heating, Ceiling Fans, Open Floorplans, Gas Ovens/Stoves, Private Patios
  • Property Features Four Additional Off-Street Open Parking Spaces, an On-Site Laundry Facility with Leased Machines, and Professional Management

OVERVIEW

CBRE is proud to exclusively present a multifamily opportunity located at 28926 Calle Del Lago in the City of Murrieta! 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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

3.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28926 Calle Del Lago, Murrieta

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

913-192-008

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.