28723 Calle Del Lago, Murrieta, California 92563, Murrieta, 92563 - 0 bed, 0 bath
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Murrieta, California 92563
Analysis of 28723 Calle Del Lago, Murrieta, California 92563 is currently available with a list price of $1,350,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Murrieta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1988, this 36-year-old property is dated and shows original-style finishes such as older brown carpeting and basic vertical blinds. While the roof is new and a maintenance warranty is in place for systems, the interior requires cosmetic updates to kitchens and baths to address its age and realize rental upside.
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
As the only quadruplex currently available in Murrieta, this property presents a unique and scarce investment opportunity in a high-demand residential income market.
The property features a strong rental history with long-term tenants, offering a substantial opportunity for the new owner to increase rents to current market rates and utilize the community laundry for additional revenue.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5663, other record lot size in square feet = 2613.
With some tenants in place for over five years, the units likely require cosmetic or functional upgrades to modernize the interiors and justify the projected 'huge upside' in rents.
The 5,663 square foot lot is relatively compact for a 4,000 square foot structure, resulting in limited outdoor common space and potentially constrained guest parking beyond the provided single-car garages.
The ONLY fourplex available in Murrieta is ready for a new owner. These 4 units have had fantastic rental history with some tenants here longer than 5 years...huge upside in potential rents. All four units have 2 bedrooms and 2 baths, as well as each has a single car garage. The building also has a community laundry room for additional income. New roof was installed on the building and garage. Owner Maintains a yearly transferable warranty with Old Republic, which eases the maintenance costs. Easy access to shopping and freeways, and just minutes to the Temecula Wine Country.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1988 | - | 0% |
| HOA | $86.0 | $0 | 0% |
| Days on market | - | - | 0% |
May 27, 2026
$1,350,000
Initial Listing
Dec 1, 2009
$265,000
Public Record