Residential Income Property in Golf
For Sale
$399,900
38230 Calle Arrebol, Murrieta, CA 92563
Manufactured home with two bedrooms, two baths, and access to active-adult community amenities.
Property Size1,680 SF
Price / SF$238.04
Days on Market68
Property Features for 38230 Calle Arrebol
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Manufactured On Land
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
clubhouse
pool
spa
fitness facilities
Central
Central Air
6 Burner Stove
Gas Range
Patio, Porch
Building Details
Year Built
1977
Stories
1
Construction
manufactured home
Listing Agency:
Coldwell Banker Assoc.Brkr-Mur
(951) 662-2957
Listed By:
Marilyn McGovern
(951) 662-2957
Source:
Kw
Added: Jun 3
Changed: Aug 9
Last Checked: Aug 9 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Assoc.Brkr-Mur
Investment Insights
Based on property information with market context.
This 1977 manufactured home at 38230 Calle Arrebol provides approximately 1,680 square feet with two bedrooms and two bathrooms. The interior includes separate living and dining areas, central heating and central air, a gas range with six burners, and a floor plan designed for everyday residential use. A patio and porch extend the available living space outdoors.
Located within Golf Knolls, a 55+ active-adult community in Murrieta, the property includes access to a clubhouse, pool, spa, fitness facilities, and organized social activities. Shopping, dining, medical facilities, and freeway access are also identified nearby, adding convenience for residents.
Located within Golf Knolls, a 55+ active-adult community in Murrieta, the property includes access to a clubhouse, pool, spa, fitness facilities, and organized social activities. Shopping, dining, medical facilities, and freeway access are also identified nearby, adding convenience for residents.
Key Highlights
- Approximately 1,680 square feet with 2 bedrooms and 2 bathrooms
- Located in Golf Knolls, a 55+ active‑adult community in Murrieta
- Community amenities include a clubhouse, pool, spa, and fitness facilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,660
$506.7K
Cap Rate 7%
$361,900
$361.9K
Cap Rate 9%
$281,478
$281.5K
Market Conditions
NOI Build-Up for 1,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $28.92/SF
− Vacancy
−$2.5K −$1.50/SF
EGI
$46.1K $27.42/SF
− OpEx
−$20.7K −$12.34/SF
NOI
$25.3K $15.08/SF
Area
Murrieta, CA
Vacancy
5.20%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,660
Cap Rate 7%
$361,900
Cap Rate 9%
$281,478
Alternative Uses
Best Use
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,333 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$530.7K
$464.4K – $619.2K
NOI $37,150 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured home with two bedrooms, two baths, and access to active-adult community amenities.
Where is this residential income property located?
The property is located at 38230 Calle Arrebol Murrieta, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Approximately 1,680 square feet with 2 bedrooms and 2 bathrooms; Located in Golf Knolls, a 55+ active‑adult community in Murrieta; Community amenities include a clubhouse, pool, spa, and fitness facilities
