3
See all 3 photos
$245,500
Est. payment /mo
0.5 Acres Lot
New
27987 Jefferson Menifee, CA 92585
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW26153260
HOA Y/N No
Lot Size 0.500 Acres
Property Sub-Type Multi Family
Property Description
This is the land play small builders have been waiting for in Menifee. Two legal parcels totaling 0.50 acres (21,780 SF), zoned High Density Residential (HDR) per City of Menifee Development Code §9.130.020.F — supporting up to 10–12 units depending on structure type and entitlement. Menifee is one of Southern California's fastest-growing cities (110,000+ residents, +32% since 2010). 2BD rents at $2,100–$2,400/mo. Multifamily vacancy sub-5%. Strategically positioned near I-215 (25 mi south of Riverside, 15 mi north of Temecula), walking distance to elementary school, park, shopping is minutes away, and Menifee employment nodes. Two parcels (APN 329-182-002/ 15,246 sq ft lot and APN 329-182-001/6,534 sq ft lot) may be merged for a unified site plan or developed independently for phased financing. Buyer to verify zoning, entitlements, and all development feasibility with City of Menifee Planning Dept. The fire-damaged structure has been board-secured, lot has been cleared of vegetation, and it is ready for your architect and civil engineer. No HOA. Public sewer and water are already connected to the site, a significant cost advantage over raw land. Not ready to build that is ok just hold on to it until the time is right. Don't miss out on this great opportunity. Professional pictures and aerial photos forth coming.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning HDR
Interior
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Sewer Connected
Present Use Multi-Family
Building
Lot Description 6-10 Units/Acre
Story 1
Water Public
Others
Tax ID 329182002
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
Listed by Cecilia Mutia eXp Realty of California, Inc. 951-491-3372, DRE #01764611
NEARBY SCHOOL & BUSINESS
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