Apartment Community with
For Sale
$9,500,000
39011 Agua Vista, Murrieta, CA 92563
Three buildings hold 32 apartments and a studio used for storage, with on-site laundry and covered carport parking.
Property Size26,728 SF
Lot Size1.84 Acres
Price / SF$355.43
Days on Market8
Property Features for 39011 Agua Vista
General Information
Standard status
Active
Size
26,728 SF
Lot size
1.84 Acres
Property subtype
Multi-Family
Units
Unit Mix
24 x 2BR/1.5BA, 4 x 2BR/2BA, 4 x 1BR/1BA, 1 x Studio
Multifamily Units
33
Amenities
swimming pool
on-site laundry
covered carport parking
Building Details
Year Built
1986
Buildings
3
Listing Agency:
Marcus & Millichap
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Robertandchristy
Added: Oct 1
Last Checked: Oct 7 at 5:12PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 1986, this Murrieta property spans 1.84 acres and comprises three buildings. It contains 32 apartments plus a studio currently used for storage. The apartment mix includes 24 two-bedroom, one-and-a-half-bath homes, four two-bedroom, two-bath homes, and four one-bedroom, one-bath homes. Residents have access to a swimming pool, on-site laundry, and covered carport parking. Electricity and gas are separately metered.
The property is in Murrieta, immediately north of Temecula, with access to Interstate 15 and Interstate 215. Its 33 total spaces include a studio used for storage rather than an apartment, a distinction reflected in the stated apartment count.
The property is in Murrieta, immediately north of Temecula, with access to Interstate 15 and Interstate 215. Its 33 total spaces include a studio used for storage rather than an apartment, a distinction reflected in the stated apartment count.
Key Highlights
- Three buildings on approximately 1.84 acres; built in 1986
- 32 apartments plus one studio currently used for storage
- Unit mix: 24 two‑bedroom/one‑and‑a‑half‑bath, four two‑bedroom/two‑bath, and four one‑bedroom/one‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$403,029
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,060,580
$8.1M
Cap Rate 7%
$5,757,557
$5.8M
Cap Rate 9%
$4,478,100
$4.5M
Market Conditions
NOI Build-Up for 26,728 SF
Gross rent
$773.0K $28.92/SF
− Vacancy
−$40.2K −$1.50/SF
EGI
$732.8K $27.42/SF
− OpEx
−$329.8K −$12.34/SF
NOI
$403.0K $15.08/SF
Area
Murrieta, CA
Vacancy
5.20%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,060,580
Cap Rate 7%
$5,757,557
Cap Rate 9%
$4,478,100
Alternative Uses
Best Use
Apartment 5plus
$5.76M
$5.04M – $6.72M
NOI $403,029 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.44M
$7.39M – $9.85M
NOI $591,036 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
33
Residential units
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?
Apartment building - Three buildings hold 32 apartments and a studio used for storage, with on-site laundry and covered carport parking.
Where is this apartment building located?
The property is located at 39011 Agua Vista Murrieta, CA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Three buildings on approximately 1.84 acres; built in 1986; 32 apartments plus one studio currently used for storage; Unit mix: 24 two‑bedroom/one‑and‑a‑half‑bath, four two‑bedroom/two‑bath, and four one‑bedroom/one‑bath apartments
