23907 Corte Emerado
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Listed by Realty ONE Group West | $550,000 | |
| Listed by Realty ONE Group West | |||
| Jul 14, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | Listed by Realty ONE Group West | $425,000 | |
| Listed by Realty ONE Group West | |||
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Great Opportunity in The Colony – Golf Course Location!
Bring your vision and unlock the potential of this 2-bedroom, 2-bath home ideally situated on the golf course in The Colony, one of Murrieta's premier 55+ guard-gated communities. Offering approximately 1,665 square feet, the home features high ceilings and a spacious living room and family room separated by a dual-sided fireplace. You'll appreciate the spacious two-car garage with additional space for a golf cart, workshop, or extra storage. Offered as-is, this is an excellent opportunity for an investor or buyer looking to build equity while customizing a golf course home to their own taste. The home experienced a toilet supply line leak that resulted in water damage. The affected areas have been professionally mitigated and dried out, and the property is ready for its next owner to complete the remaining repairs and updates. The HOA maintains and waters the front yard, providing easy, low-maintenance living. Residents enjoy an exceptional resort-style lifestyle featuring a clubhouse, pool and spas, fitness center, tennis and pickleball courts, bocce ball, salon, library, and a 400-seat auditorium. A welcoming lounge with a fireplace and bar provides the perfect setting for social gatherings. The community also features a privately owned 18-hole public golf course. The Colony is a guard-gated community with 24-hour roving security and is conveniently located near shopping, medical facilities, parks, Temecula Valley wineries, Pechanga Resort Casino, and offers convenient access to Interstates 15 and 215. Don't miss this opportunity to create value in one of Murrieta's most desirable active-adult communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017