4-Unit Multifamily
28213 Via Princesa, Murrieta, CA 92563
For Sale
$1,425,000
Each residence has two bedrooms and two bathrooms, with shared laundry facilities on site.
Property Size4,264 SF
Price / SF$334.19
Days on Market40
Property Features for 28213 Via Princesa
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
community laundry room
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX New Dimension
(562) 499-9406
Listed By:
Araceli Madrid · License #01417933
Source:
Luminescentrealestateca
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX New Dimension
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Investment Insights
Based on property information with market context.
This 4,264-square-foot multifamily property contains four residences, each configured with two bedrooms and two bathrooms. Built in 1983, the property is fully occupied and includes a single-car carport for each unit. Three residences have enclosed, fenced private yards, and a community laundry room serves the property.
At 28213 Via Princesa in Murrieta, the property is just off Murrieta Hot Springs Road and near grocery stores, restaurants, and retail centers.
At 28213 Via Princesa in Murrieta, the property is just off Murrieta Hot Springs Road and near grocery stores, restaurants, and retail centers.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 4,264 square feet; built in 1983
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,757
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,140
$1.4M
Cap Rate 7%
$1,025,100
$1.0M
Cap Rate 9%
$797,300
$797.3K
Market Conditions
NOI Build-Up for 4,264 SF
Gross rent
$108.5K $25.44/SF
− Vacancy
−$6.0K −$1.40/SF
EGI
$102.5K $24.04/SF
− OpEx
−$30.8K −$7.21/SF
NOI
$71.8K $16.83/SF
Area
Murrieta, CA
Vacancy
5.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,140
Cap Rate 7%
$1,025,100
Cap Rate 9%
$797,300
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.0K – $1.20M
NOI $71,757 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,296 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,290 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Riverside County, CA
Properties on Market for Quadplexes in Riverside County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and two bathrooms, with shared laundry facilities on site.
Where is this quadplex located?
The property is located at 28213 Via Princesa Murrieta, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; 4,264 square feet; built in 1983; Fully occupied
