37956 Sweet Magnolia Way, Murrieta, CA, 92563
About This Home
Excellent investment opportunity with immediate rental income! This spacious 5-bedroom, 4-bathroom home is currently leased at $3,850/month through April 2027, with the tenant open to renewing, offering strong cash-flow potential for investors. Built in 2000, this 3,732 Sq.Ft. home sits on a 6,098 Sq.Ft. lot and features a 3-car garage, no HOA, and no solar, helping keep long-term ownership costs low. A welcoming front porch leads to a dramatic high-ceiling entry that flows into the formal dining area and spacious family room. The functional floor plan includes a first-floor bedroom and full bathroom, ideal for guests or multigenerational living. Upstairs, the expansive primary suite features a generous retreat area, perfect for a sitting room, home office, fitness space, or nursery. The oversized third-floor bonus room is currently used as an office and offers exceptional flexibility for a media room, game room, or additional living space (buyer to verify future use). Located within the highly regarded Vista Murrieta High School attendance area and close to shopping, dining, parks, and commuter routes, this property presents an outstanding opportunity for both investors and future owner-occupants.
Getting Around
Somewhat Walkable
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2000
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Gas Oven
- Laundry features: Inside
Bathroom
- Features: Bathtub,Separate Shower
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Crown Molding,Separate/Formal Dining Room,High Ceilings,Bedroom on Main Level,Loft,Primary Suite,Walk-In Closet(s)
- Fireplace features: Living Room
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,732 sqft
Kitchen
- Features: Kitchen Island
Master Bedroom
- Features: Primary Suite
Other
- Features: Walk-In Closet(s)
Property
Details
- Parcel number: 908152004
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Mountain(s),Neighborhood
Lot
- Lot size: 6,098 sqft
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 3
- Parking features: Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,918 | $47,016 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $862 | $10,344 |
| Electricity | $800 | $9,603 |
| Total | $5,781 | $69,372 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-13 | Listed for sale | $774,999 |
| 2023-04-05 | Listing removed | -- |
| 2023-03-22 | Listed for rent | $3,795 |
| 2023-03-13 | Sold | $710,000 |
| 2023-02-14 | Contingent | $700,000 |
| 2023-02-08 | Listed for sale | $700,000 |
| 2023-02-01 | Listing removed | -- |
| 2023-01-25 | Price change | $3,600 |
| 2023-01-13 | Price change | $3,700 |
| 2022-12-08 | Listed for rent | $3,800 |
| 2022-05-05 | Listing removed | -- |
| 2022-04-30 | Listed for rent | $3,800 |
| 2000-04-07 | Sold | $275,000 |
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