Four-Unit Townhome-Style
For Sale
$998,463
28926 Calle Del Lago, Murrieta, CA 92563
Four-unit multifamily property with garage parking, private patios, and access to shared community amenities.
Property Size3,760 SF
Price / SF$265.55
Days on Market90
Property Features for 28926 Calle Del Lago
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Multifamily
Listing Agency:
CBRE - Ontario
(909) 418-2071
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 5:53AM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1980 and occupies a ±9,583-square-foot lot with approximately ±3,760 square feet of building area. The unit mix includes one three-bedroom, two-bathroom residence above the garages and three two-bedroom, two-bathroom townhome-style apartments. Each unit includes garage parking, central air conditioning and heating, an individual water heater, ceiling fans, an open floor plan, and a gas oven/stove combination. The townhome residences also feature private patios, while Unit B has direct access from its garage.
The property is located at 28926 Calle Del Lago in Murrieta, just off Murrieta Hot Springs Road and less than a mile west of Winchester Road. Grocery stores, restaurants, retail centers, parks, and schools are within walking distance. Regional access is provided by I-215, I-15, and CA-79. The property is part of an HOA community and includes four additional off-street open parking spaces, an on-site laundry facility with leased machines, and professional management by Cannon Management.
The property is located at 28926 Calle Del Lago in Murrieta, just off Murrieta Hot Springs Road and less than a mile west of Winchester Road. Grocery stores, restaurants, retail centers, parks, and schools are within walking distance. Regional access is provided by I-215, I-15, and CA-79. The property is part of an HOA community and includes four additional off-street open parking spaces, an on-site laundry facility with leased machines, and professional management by Cannon Management.
Key Highlights
- Four‑unit property with one 3‑bedroom/2‑bathroom residence and three 2‑bedroom/2‑bathroom townhome units
- ±9,583 square foot lot with approximately ±3,760 square feet of building area
- Built in 1980 with garage parking for all units and 4 additional off‑street open parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,500
$1.3M
Cap Rate 7%
$903,929
$903.9K
Cap Rate 9%
$703,056
$703.1K
Market Conditions
NOI Build-Up for 3,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.7K $25.44/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$90.4K $24.04/SF
− OpEx
−$27.1K −$7.21/SF
NOI
$63.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,500
Cap Rate 7%
$903,929
Cap Rate 9%
$703,056
Alternative Uses
Best Use
Multifamily LT 5
$903.9K
$790.9K – $1.05M
NOI $63,275 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$810.0K
$708.7K – $945.0K
NOI $56,697 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,145 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with garage parking, private patios, and access to shared community amenities.
Where is this quadplex located?
The property is located at 28926 Calle Del Lago Murrieta, CA.
What is the asking price?
The asking price for this property is $998,463.
What are key features of this property?
This property features: Four‑unit property with one 3‑bedroom/2‑bathroom residence and three 2‑bedroom/2‑bathroom townhome units; ±9,583 square foot lot with approximately ±3,760 square feet of building area; Built in 1980 with garage parking for all units and 4 additional off‑street open parking spaces
