Multifamily Compound with Guest
For Sale
$1,725,000
41984 Madeline Court, Temecula, CA 92592
Multiple residences and separate guest accommodations create a flexible compound with extensive outdoor amenities.
Property Size4,694 SF
Price / SF$367.49
Days on Market55
Property Features for 41984 Madeline Court
General Information
Standard status
Active
Size
4,694 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
3
Amenities
pool
spa
outdoor kitchen
fire pit
fruit trees
grapevines
chicken coop
EV charging
solar panels
Tesla power walls
RV hookups
Building Details
Year Built
2002
Listing Agency:
First Team Real Estate
(951) 676-5736
Listed By:
Barbie Blackmore · License #01074259
(951) 676-5736
Source:
Compass
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 12:17PM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
Set on nearly 5 acres in Temecula Wine Country, this multifamily compound includes 3 independent residences totaling 7 bedrooms, 6 bathrooms, and 4,694 square feet. The renovated main home offers 4 bedrooms, 2 bathrooms, an open living area, chef’s kitchen, fireplace, laundry and mudroom, attached 2-car garage, and EV charging. A separate 1,450-square-foot guest house adds 3 bedrooms, 2 bathrooms, a single-level layout, kitchen, and front patio. The approximately 240-square-foot tiny home includes a full bathroom and space for a kitchenette.
Outdoor improvements include a saltwater pool with Baja shelf, spa, covered kitchen, bar, fire pit, patios, and a separate outdoor bathroom with walk-in shower and washer and dryer hookups. Additional features include an attached 2-car garage, detached 1-car garage, RV hookups, two separate septic systems, leased solar, two Tesla power walls, fruit trees, grapevines, a chicken coop, and water access. The property is near shopping, restaurants, and top-rated schools.
Outdoor improvements include a saltwater pool with Baja shelf, spa, covered kitchen, bar, fire pit, patios, and a separate outdoor bathroom with walk-in shower and washer and dryer hookups. Additional features include an attached 2-car garage, detached 1-car garage, RV hookups, two separate septic systems, leased solar, two Tesla power walls, fruit trees, grapevines, a chicken coop, and water access. The property is near shopping, restaurants, and top-rated schools.
Key Highlights
- Nearly 5 acres in Temecula Wine Country with 3 independent residences
- 7 bedrooms, 6 bathrooms, and 4,694 square feet across the property
- 1,450‑square‑foot guest house with 3 bedrooms, 2 bathrooms, kitchen, and patio
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
$70,635
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
4.09%
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%
$1,412,700
$1.4M
Cap Rate 7%
$1,009,071
$1.0M
Cap Rate 9%
$784,833
$784.8K
Market Conditions
NOI Build-Up for 4,694 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
$135.2K $28.80/SF
− Vacancy
−$6.8K −$1.44/SF
EGI
$128.4K $27.36/SF
− OpEx
−$57.8K −$12.31/SF
NOI
$70.6K $15.05/SF
Area
Temecula, CA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,412,700
Cap Rate 7%
$1,009,071
Cap Rate 9%
$784,833
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$882.9K – $1.18M
NOI $70,635 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,985 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 92592, CA
79,740
Population
25,878
Households
3.1
Avg Household Size
38
Median Age
41%
College-Educated
95%
High-School Grad
110.2 sq mi
ZIP Area
724
Density / Sq Mi
$132,475
Median Household Income
$59,252
Median Earnings
$2,580
Median Rent
$664,000
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?
Multifamily property - Multiple residences and separate guest accommodations create a flexible compound with extensive outdoor amenities.
Where is this multifamily property located?
The property is located at 41984 Madeline Court Temecula, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Nearly 5 acres in Temecula Wine Country with 3 independent residences; 7 bedrooms, 6 bathrooms, and 4,694 square feet across the property; 1,450‑square‑foot guest house with 3 bedrooms, 2 bathrooms, kitchen, and patio
