Main Street Apartments is a 16-unit multi-family investment property in the city of Temecula, CA. With two stories and ample parking, Main Street Apartments has an accessible and attractive design. Ten of the units have been fully renovated and are achieving significant rent premiums. Main Street Apartments presents an investor with the opportunity to add value by renovating the remaining six units and taking advantage of the proven upside in rents. The property also has a phenomenal location, situated adjacent to the historic Old Town Temecula and minutes from other popular destinations. Interstate 15 is easily accessible from Main Street Apartments, connecting it to Riverside, and eventually Las Vegas in the north, and San Diego in the south, creating ease of access between the coast and inland regions. Temecula is an important tourist destination in Southern California, attracting millions of visitors each year. Temecula' s population is growing at a rapid pace. Within 5 miles of Main Street Apartments, the population has almost doubled between the years 2000 and 2014, increasing from 74,674 to 141,120. Main Street Apartments presents the opportunity to purchase a quality property with proven upside in an A+ Temecula location.
Multi-familyProperty Type
1985Year Built
0.64 acresLot Size
$225Price/Sq.Ft.
32 spacesParking
Listed by ALEXANDER GARCIA•DRE #01072982• MARCUS & MILLICHAP
Bought with ALEXANDER GARCIA•DRE #01072982• MARCUS & MILLICHAP
There isn’t enough information to generate an accurate estimate at this time. Learn More
Market trends in 92590, CA
Last updated October 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
96.0%
2.5% MoM
Median sale price
$1.7M
$81K MoM
Avg. days on market
128d
54 days MoM
Recently sold homes
11
0 MoM
Provided by Redfin
Sale history for 42221 Main St
Date
Event
Price
RENT. #1
Nov 16, 2023
Rental Removed
$1,650
$0/sq ft
Nov 5, 2023
Price Changed
$1,650
$0/sq ft
Oct 20, 2023
Listed for Rent
$1,750
$0/sq ft
CRMLS #CV17015745
Feb 16, 2017
Sold
$2,800,000
$225/sq ft
Feb 9, 2017
Pending
—
Jan 24, 2017
Listed
$2,825,000
$227/sq ft
SDMLS #301769950
Feb 16, 2017
Sold
$2,800,000
$225/sq ft
Jan 10, 2017
Listed
$2,825,000
$227/sq ft
Main Street Apartments is a 16-unit multi-family investment property in the city of Temecula, CA. With two stories and ample parking, Main Street Apartments has an accessible and attractive design. Ten of the units have been fully renovated and are achieving significant rent premiums. Main Street Apartments presents an investor with the opportunity to add value by renovating the remaining six units and taking advantage of the proven upside in rents. The property also has a phenomenal location, situated ad
Main Street Apartments is a 16-unit multi-family investment property in the city of Temecula, CA. With two stories and ample parking, Main Street Apartments has an accessible and attractive design. Ten of the units have been fully renovated and are achieving significant rent premiums. Main Street Apartments presents an investor with the opportunity to add value by renovating the remaining six units and taking advantage of the proven upside in rents. The property also has a phenomenal location, situated adjacent to the historic Old Town Temecula and minutes from other popular destinations. Interstate 15 is easily accessible from Main Street Apartments, connecting it to Riverside, and eventually Las Vegas in the north, and San Diego in the south, creating ease of access between the coast and inland regions. Temecula is an important tourist destination in Southern California, attracting millions of visitors each year. Temecula' s population is growing at a rapid pace. Within 5 miles of Main Street Apartments, the population has almost doubled between the years 2000 and 2014, increasing from 74,674 to 141,120. Main Street Apartments presents the opportunity to purchase a quality property with proven upside in an A+ Temecula location.
Public Records
Oct 23, 2015
Sold
$2,025,000
$162/sq ft
CRMLS #P150842
Mar 15, 2000
Listing Removed
—
Aug 16, 1999
Listed
$972,000
$78/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$36,466 (+1.5%)
$719,561 + $2,530,075
$3,249,636
2024
$35,920 (+0.9%)
$719,561 + $2,530,075
$3,249,636
2023
$35,599 (+1.9%)
$705,452 + $2,480,466
$3,185,918
2022
$34,920 (+1.9%)
$691,620 + $2,431,830
$3,123,450
2021
$34,269 (+1.0%)
$678,059 + $2,384,148
$3,062,207
2020
$33,938 (+1.5%)
$664,764 + $2,337,400
$3,002,164
2019
$33,452 (+1.8%)
$657,948 + $2,313,433
$2,971,381
2018
$32,850 (+36.4%)
$645,048 + $2,268,072
$2,913,120
2017
$24,082 (+2.0%)
$459,000 + $1,606,500
$2,065,500
2016
$23,604 (+48.0%)
$459,000 + $1,606,500
$2,065,500
2015
$15,948 (+2.8%)
$450,000 + $1,575,000
$2,025,000
2014
$15,511 (−0.1%)
$388,060 + $900,897
$1,288,957
2013
$15,533 (+2.7%)
$388,060 + $900,897
$1,288,957
2012
$15,127 (+2.0%)
$386,307 + $896,826
$1,283,133
2011
$14,826 (+0.9%)
$378,733 + $879,242
$1,257,975
2010
$14,697 (−0.2%)
$371,307 + $862,002
$1,233,309
2009
$14,721
$368,533 + $855,560
$1,224,093
2008
$369,409 + $857,594
$1,227,003
Tax history for 42221 Main St
Year
Property tax
Land + Additions
Assessment*
2025
$36,466 (+1.5%)
$719,561 + $2,530,075
$3,249,636
2024
$35,920 (+0.9%)
$719,561 + $2,530,075
$3,249,636
2023
$35,599 (+1.9%)
$705,452 + $2,480,466
$3,185,918
2022
$34,920 (+1.9%)
$691,620 + $2,431,830
$3,123,450
2021
$34,269 (+1.0%)
$678,059 + $2,384,148
$3,062,207
2020
$33,938 (+1.5%)
$664,764 + $2,337,400
$3,002,164
2019
$33,452 (+1.8%)
$657,948 + $2,313,433
$2,971,381
2018
$32,850 (+36.4%)
$645,048 + $2,268,072
$2,913,120
2017
$24,082 (+2.0%)
$459,000 + $1,606,500
$2,065,500
2016
$23,604 (+48.0%)
$459,000 + $1,606,500
$2,065,500
2015
$15,948 (+2.8%)
$450,000 + $1,575,000
$2,025,000
2014
$15,511 (−0.1%)
$388,060 + $900,897
$1,288,957
2013
$15,533 (+2.7%)
$388,060 + $900,897
$1,288,957
2012
$15,127 (+2.0%)
$386,307 + $896,826
$1,283,133
2011
$14,826 (+0.9%)
$378,733 + $879,242
$1,257,975
2010
$14,697 (−0.2%)
$371,307 + $862,002
$1,233,309
2009
$14,721
$368,533 + $855,560
$1,224,093
2008
$369,409 + $857,594
$1,227,003
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.64 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Riverside County
APN
922053038
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
SP-5
Old Town Specific Plan District
The intent of the specific plan zoning district is to provide for the creative and effective planning and design of portions of the city which require a more comprehensive and coordinated approach to planning than can be achieved through the conventional application of zoning regulations. The specific plan zoning district is intended to provide the flexibility in planning and design to effectively implement the goals and policies of the general plan. In addition, the purpose of this chapter is to establish uniform procedures for the adoption and implementation of specific plans for the coordination of future development within the city, consistent with this development code and pursuant to California Government Code.
Oct 19, 2020 • Final
Residential water heater
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 32
# of Parking Spaces: 32
Interior
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 1486063
Listing Key Numeric: 71421919
Actual Rent: $1,000
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $2,000
Total # of Units: 2
Unit Type 2 Information
Unit Key Numeric: 1486064
Listing Key Numeric: 71421919
Actual Rent: $1,150
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $6,900
Total # of Units: 6
Unit Type 3 Information
Listing Key Numeric: 71421919
Unit Key Numeric: 1486065
Actual Rent: $1,206
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $4,824
Total # of Units: 4
Unit Type 4 Information
Listing Key Numeric: 71421919
Unit Key Numeric: 1486066
Actual Rent: $1,375
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $5,500
Total # of Units: 4
Expenses
Trash: $3,000
Total: $89,686
Pest Control: $951
Maintenance: $11,844
Licenses: $1,352
Insurance: $7,063
Water Sewer: $10,318
Electric: $1,000
New Taxes: $32,007
Gardener: $2,500
Multi-Unit Information
Net Operating Income: $127,336
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 12,464
Gross Scheduled Income: $230,688
Gross Operating Income: $217,022
Gross Income: $217,022
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 16
# Of Separate Electric Meters: 16
# Of Buildings: 2
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 21-25 Units/Acre, Level with Street
Property Information
Total # of Units: 16
Common Walls: 2+ common walls
Parcel Number: 922053038
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $89,686
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 33.49203000
Longitude: -117.15067000
Directions: N/A
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.64 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Riverside County
APN: 922053038
Home facts updated by county records on Oct 28, 2026
Other
Listing Information
Days Active in MLS: 30
Continuous Days Active in MLS: 30
Listing Agent Information
List Agent First Name: ALEXANDER
List Agent Last Name: GARCIA
Listing Office Information
List Office Name: MARCUS & MILLICHAP
Selling Agent Information
Buyer Agent First Name: ALEXANDER
Buyer Agent Last Name: GARCIA
Selling Office Information
Buyer Office Name: MARCUS & MILLICHAP
Around this home
Schools
K - 12
Preschool & daycare
Vail Elementary School
Public K-5 • Assigned • 1.1mi
6/10
Margarita Middle School
Public 6-8 • Assigned • 2.2mi
5/10
Temecula Valley High School
Public 9-12 • Assigned • 2.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
7/10 Fire Factor
24% chance of being in a wildfire in next 30 years
7/10 Heat Factor
8 days above 101° expected this year, 26 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Temecula, CA • 92590
Average low and high temperatures (°F)
67
48
69
51
72
52
69
51
73
54
78
57
84
61
87
64
83
63
78
56
71
52
69
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.