Description

39011 & 39051 Agua Vista is a 33-unit multifamily investment opportunity located in Murrieta, California. Built in 1986 and situated on approximately 1.84 acres, the offering provides investors with a rare opportunity to acquire a sizable multifamily asset with spacious floor plans, a predominantly two-bedroom unit mix, and a strong amenity package. The property consists of three structures with 32 apartment units and one studio currently being used for storage. The unit mix includes 24 two-bedroom/one-and-a-half-bath units, four two-bedroom/two-bath units, four one-bedroom/one-bath units, and one studio. The concentration of two-bedroom floor plans provides residents with larger, more functional living spaces. Built in 1986, the asset offers a later construction vintage compared with many multifamily properties of similar size throughout Riverside County. The expansive site provides ample resident parking, including covered carport parking, a swimming pool, and on-site laundry. The property is also separately metered for electricity and gas, helping reduce the owner's responsibility for these utility expenses. Located in Murrieta, immediately north of Temecula, the property benefits from a strong Southwest Riverside County location with access to Interstate 15 and Interstate 215. Murrieta is home to more than 112,500 residents and has a median household income of approximately $114,081.Opportunities to acquire multifamily assets of this size and vintage in the surrounding market are extremely limited. The combination of scale, 1986 construction, a large 1.84-acre site, predominantly two-bedroom unit mix, and limited comparable inventory makes 39011 & 39051 Agua Vista a rare acquisition opportunity in the Murrieta multifamily market.