Arbors at California Oaks

JLL, as exclusive advisor, is pleased to present for sale

The Arbors at California Oaks (“Arbors” or the “Property”),

a 460-unit, low-density garden-style apartment

community strategically located in Murrieta, Southwest

Riverside County, with convenient access to the I-15

corridor. Murrieta provides an affordable and accessible

alternative for Southern California renters priced out of

coastal markets, driving sustainable rental demand.

Delivered in 1989, Arbors comprises 22 two & three-story

buildings across 26+ acres, offering one- and twobedroom

floorplans with an average unit size of ±767 SF.

Interior units were renovated beginning in 2021 (±90%

complete) to include stainless steel appliances, quartz

countertops, farmhouse sinks with gooseneck faucets,

white shaker cabinets with brushed nickel hardware, and

vinyl plank flooring. Community amenities include two

resort-style swimming pools, a contemporary clubhouse,

modern fitness center, lighted tennis courts, BBQ areas,

and a newly upgraded playground.

Arbors presents the rare opportunity to acquire an

institutionally maintained asset at a substantial discount

to replacement cost in one of the nation’s top-performing

multifamily markets where assets of this scale rarely

trade. Today’s cost to replicate garden-style construction

is materially north of $400,000/unit, and only four 100+

unit transactions have occurred in Murrieta over the past

decade, accounting for less than 2% of total transaction

volume in the Inland Empire.