| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 69th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26900 Jefferson Ave, Murrieta, CA, 92562, US |
| Region / Metro | Murrieta |
| Year of Construction | 1988 |
| Units | 87 |
| Transaction Date | 2011-12-01 |
| Transaction Price | $4,595,000 |
| Buyer | La Quinta Springs, LP |
| Seller | La Quinta Springs Apartments |
26900 Jefferson Ave Murrieta Value-Add Multifamily
Neighborhood occupancy trends are steady and ownership costs are elevated for the area, supporting renter reliance according to WDSuite’s CRE market data.
This Murrieta address sits in a suburban pocket rated A and ranks in the top quartile among 997 metro neighborhoods, indicating strong fundamentals relative to the Riverside–San Bernardino–Ontario market. Amenity access is competitive for the metro and above national medians for restaurants and cafés, helping leasing appeal without relying on destination retail.
The 1988 vintage is slightly older than the neighborhood’s average construction year (1994), suggesting practical value-add paths such as unit renovations, common-area upgrades, or systems modernization to enhance positioning versus newer stock. For investors, this supports a capex-through-repositioning strategy while maintaining operational continuity.
At the neighborhood level, renter-occupied share is comparatively low, which typically reflects a more ownership-oriented housing mix; however, data aggregated within a 3-mile radius shows a sizable renter segment and household counts edging higher even as average household size trends down. That combination generally expands the renter pool and can support occupancy stability for professionally managed assets.
Home values in the immediate area are elevated (near the top of national distributions), while household incomes score in a high national percentile. In practical terms, a high-cost ownership landscape reinforces multifamily demand and can aid lease retention and pricing power, especially for well-finished units. Neighborhood occupancy is above national medians, which helps underpin downside protection during slower leasing seasons, based on commercial real estate analysis from WDSuite.
Safety indicators point to higher-than-average crime relative to national benchmarks, with the neighborhood ranking in the less favorable half among 997 metro neighborhoods and scoring below the national median percentiles. Property crime sits particularly low on national percentiles, while violent crime measures are also below national averages.
Trend signals are mixed but improving in key areas: recent violent offense rates have declined, placing that improvement in a stronger national percentile. For investors, the takeaway is to underwrite prudent security measures and operating practices while noting the positive trajectory in violent crime trends.
Regional employment depth across the I-15/I-215 corridor supports commuter demand, with access to corporate offices such as General Mills, Gilead Sciences, NRG Energy, Lennar Homes, and Kinder Morgan that broaden the white-collar tenant base.
- General Mills — corporate offices (22.3 miles)
- Gilead Sciences — corporate offices (23.2 miles)
- NRG Energy — corporate offices (28.9 miles)
- Lennar Homes — corporate offices (33.2 miles)
- Kinder Morgan — corporate offices (38.3 miles)
This 87-unit, 1988-vintage asset offers clear value-add angles in a suburban Murrieta neighborhood that ranks among the metro’s top quartile. A high-cost ownership market and strong income characteristics point to durable multifamily demand, while neighborhood occupancy trends remain slightly above national medians. According to CRE market data from WDSuite, broader 3-mile dynamics show growing household counts and a sizable renter segment as average household size moderates — factors that can support a larger tenant base and steadier leasing.
Execution should emphasize selective renovations and operational discipline to capture pricing power from elevated ownership costs, while acknowledging a more ownership-oriented immediate area and underwriting security best practices given safety metrics. Regional employment access via the I-15/I-215 network further reinforces leasing depth for a professionally managed community.
- High-cost ownership landscape supports renter reliance and pricing power
- 1988 vintage enables targeted value-add and systems modernization
- Neighborhood ranks in the metro’s top quartile with steady occupancy
- Regional employment access (I-15/I-215) broadens tenant base
- Risks: elevated crime metrics and a lower renter concentration in the immediate neighborhood