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Gilbert Ortiz

g.ortiz.re@gmail.com +1(323) 558-2421

$ 245,500

Est. payment | -/mo

3 Beds

1 Bath

1,821 SqFt

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$ 245,500

Est. payment | -/mo

Save

3 Beds

1 Bath

1,821 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,821 sqft

Price per Sqft $134

MLS Listing ID SW26196894

Bedrooms 3

Full Baths 1

Construction Status Repairs Major

HOA Y/N No

Year Built 1936

Lot Size 0.350 Acres

Property Sub-Type Single Family Residence

Property 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. Don't miss this opportunity knocking at your door!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning HDR

Rooms

Main Level Bedrooms 3

Interior

Heating Central

Cooling See Remarks

Flooring See Remarks

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Parking Features See Remarks

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

Utilities Available See Remarks

View Y/N Yes

Porch See Remarks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre, Tear Down

Dwelling Type House

Story 1

Entry Level One

Sewer Unknown

Water See Remarks

Architectural Style See Remarks

Level or Stories One

New Construction No

Construction Status Repairs Major

Schools

School District Romoland

Others

Senior Community No

Tax ID 329182002

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Cecilia Mutia eXp Realty of California, Inc. 951-491-3372, DRE #01764611

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Gilbert Ortiz

Agent License ID: 02050087

g.ortiz.re@gmail.com

+1(323) 558-2421

8345 Firestone Blvd, Downey, CA 90241, USA

27987 Jefferson AVE Menifee, CA 92585

Gilbert Ortiz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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27987 Jefferson AVE