27987 Jefferson Avenue,Menifee, CA 92585
Menifee, CA 92585
Description
HIGH-DENSITY RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN MENIFEE! An opportunity for investors, builders and developers looking to explore future multifamily residential development or acquire and hold property in a growing Menifee corridor. The property is currently zoned HDR (High Density Residential) with previous existing utilities. Includes an existing fire-damaged, boarded single-family residence. The property is being offered in its present AS-IS condition, with the primary value and opportunity centered on the land and its future residential redevelopment potential. All three parcels must sell together total of .50 acres. HDR zoning provides an opportunity to explore higher-density residential uses, including small to medium multifamily development, subject to City approval and all applicable development requirements. This may also be an attractive opportunity for an investor seeking to acquire and hold property for future development as the surrounding area continues to evolve. Conveniently located near major transportation routes, established residential neighborhoods, shopping, services and continued growth throughout Menifee and Southwest Riverside County. Bring your vision and explore the possibilities. Buyer and buyer's representatives are strongly encouraged to conduct their own independent due diligence with the City of Menifee and appropriate agencies regarding zoning, allowable density, permitted uses, development standards, utilities, access, demolition requirements, environmental conditions and overall development feasibility. Seller and Broker/Agents make no representation or guarantee regarding the number of units that may ultimately be developed on the property. The property is red-tagged, Not a rehab or fix/flip due to zoning requirements for this property. Don't miss out on development or buy and hold opportunity!
Details
| MLS # | SW26196894 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 62 |
| Listing Provided By | eXp Realty of California, Inc. | Cecilia Mutia |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,821 |
| Garage | 2 |
| Story(s) | 1 |
| Units | 1 |
| Zoning | HDR |
| Acreage | 0.35 |
| Property View | Yes |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Six To Ten Units Acre, Tear Down |
|---|
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | See Remarks |
| Garage Yes / No | Yes |
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Unknown |
Location
| Community Features | Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92585 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92585) | |
Price: $245,500 low | high Med: $590,000 sqft: 1,821 low | high Med: 1,954 $ / sqft: $135 low | high Med: $302 On site: 62 low | high Med: 43 | |
Market Activity 92585
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92585 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92585) | |
Price: $245,500 low | high Med: $590,000 sqft: 1,821 low | high Med: 1,954 $ / sqft: $135 low | high Med: $302 On site: 62 low | high Med: 43 | |
 | $245,50027987 JeffersonMenifee, CA 92585 |