Golf Course View Residential Income
For Sale
$699,000
38521 Glen Abbey, Murrieta, CA 92562
MULTI_FAMILY - Murrieta, CA
Property Size1,685 SF
Lot Size0.09 Acres
Price / SF$414.84
Days on Market270
Property Features for 38521 Glen Abbey
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Family Room, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1
Parking
2
Fireplace
1
Lot features
Sprinklers In Front, On Golf Course, Landscaped, Sprinkler System, Lawn
View
Hills, Golf Course, Park
Elementary school district
Murrieta
Middle school district
Murrieta
High school district
Murrieta
Directions
Bear Creek Drive Left on Glen Abbey
Subdivision
SRCAR - Southwest Riverside County
Standard status
Active
APN
904341012
Size
1,685 SF
Lot size
0.09 Acres
Taxes and HOA fees
HOA Fee
$325 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Listing Agency:
Allison James Estates & Homes
(888) 446-5552
Listed By:
Jennifer Conklin · License #01711183
(951) 675-1331
Added: Nov 22, 2025
Changed: Aug 18
Last Checked: Aug 19 at 3:06AM
MLS# SW25264341
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,685-square-foot residential income property is an updated end-unit villa with a two-bedroom, two-and-a-half-bath layout. The open living area connects to a newly built covered patio, while the modern kitchen includes refreshed finishes and substantial storage. Both bedrooms are en suite, and the primary suite adds dual vanities, a soaking tub, walk-in shower, skylight, and private patio access. Luxury vinyl plank flooring, new windows and doors, a dedicated laundry room, and a detached two-car garage with built-in storage complete the improvements.
The property sits on the 15th fairway in Bear Creek, with golf course and hillside views, mature landscaping, and a gated setting in Murrieta. Central heating and central air conditioning are provided, along with a fireplace, public water, and public sewer. Optional golf and social memberships are available.
The property sits on the 15th fairway in Bear Creek, with golf course and hillside views, mature landscaping, and a gated setting in Murrieta. Central heating and central air conditioning are provided, along with a fireplace, public water, and public sewer. Optional golf and social memberships are available.
Key Highlights
- 1,685 SF end‑unit villa with 2 bedrooms and 2.5 bathrooms
- Positioned on the 15th fairway in Bear Creek with golf course and hillside views
- Newly built covered patio supports indoor‑outdoor living
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
$25,408
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
3.63%
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%
$508,160
$508.2K
Cap Rate 7%
$362,971
$363.0K
Cap Rate 9%
$282,311
$282.3K
Market Conditions
NOI Build-Up for 1,685 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
$48.7K $28.92/SF
− Vacancy
−$2.5K −$1.50/SF
EGI
$46.2K $27.42/SF
− OpEx
−$20.8K −$12.34/SF
NOI
$25.4K $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%
$508,160
Cap Rate 7%
$362,971
Cap Rate 9%
$282,311
Alternative Uses
Best Use
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,408 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 92562, CA
64,270
Population
22,362
Households
2.9
Avg Household Size
38
Median Age
34%
College-Educated
94%
High-School Grad
110.3 sq mi
ZIP Area
583
Density / Sq Mi
$113,204
Median Household Income
$55,495
Median Earnings
$2,262
Median Rent
$629,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated end-unit villa with two en-suite bedrooms, indoor-outdoor living, and a detached garage.
Where is this residential income property located?
The property is located at 38521 Glen Abbey Murrieta, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,685 SF end‑unit villa with 2 bedrooms and 2.5 bathrooms; Positioned on the 15th fairway in Bear Creek with golf course and hillside views; Newly built covered patio supports indoor‑outdoor living
