See all 16 photos
16 photos
$1,270,000
Est. payment /mo
8,276 Sqft Lot
UPDATED:
Key Details
Sold Price $1,270,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Temecula
MLS Listing ID 250020958SD
Sold Date 04/14/25
HOA Y/N No
Year Built 1988
Lot Size 8,276 Sqft
Property Description
Uncover a rare 4-unit multifamily investment opportunity in the rapidly growing Murrieta market. Owned and self-managed for nearly four decades, the property has been well-maintained but remains underutilized, offering significant room for rental growth. This prime value-add asset presents immediate upside potential for investors looking to increase cash flow and long-term appreciation. The property consists of three 2BD/1.5BA units and one 3BD/2BA unit, offering strong rental demand and room for strategic renovations and repositioning. Zoned R-3, the property sits on a spacious 8,276 SF lot with a 1.0 FAR, providing potential for additional development. Investors may have the opportunity to convert the four-car garage into multiple ADUs, further boosting income potential. Additionally, the garages are currently used for tenant storage, creating an immediate income opportunity for a new owner. The projected pro forma cap rate of 6.72% does not include ADU potential, possibly presenting even greater upside for value-focused investors. The property also features seven designated parking spaces with ample street parking, enhancing tenant convenience. Conveniently located near major job hubs, top-rated schools, and the Murrieta Hot Springs Resort, this asset is well-positioned to capitalize on Murrieta's strong rental demand and future appreciation. Inspections are available upon request—don't miss this high-yield investment opportunity!
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Building/Complex Name NA
Zoning R3
Interior
Cooling Central Air
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N No
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 913171006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Listed by Joseph Silva • CCG RE Investment Services Inc
Bought with Joseph Silva • CCG RE Investment Services Inc
Bought with Joseph Silva • CCG RE Investment Services Inc
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Devin McNichol & Aaron Bernbach
Agent | License ID: 02038322
Agent License ID: 02038322