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 Market135
Property Features for 28926 Calle Del Lago
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Multifamily
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Jun 2
Changed: Oct 14
Last Checked: Oct 12 at 6:56PM
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 CB RICHARD ELLIS
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 / Yr
$63,275
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in West region
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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
