About This Home

This 3-bedroom, 1-bathroom single family at 27987 Jefferson Avenue in Menifee, CA is listed for $245,500 ($135 per sqft). Built in 1936, the home offers 1,821 sqft of living space on a 0.35 acres lot.

Key Features

  • Built in 1936
  • 0.35 acre lot
  • 2 parking spaces

Property Details

1 story
1 full
2-car garage
1936

Amenities

A/C
Listing 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 Ci

ty 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!

Monthly Cost Estimate

$1,313/mo

20% down · 6.5% · 30 years

Principal$178
Interest$1,064
Insurance$72

Estimates only. Actual payments may vary.

Location

27987 Jefferson Avenue

Menifee, CA 92585

Property Details

Heating

Central

Questions & Answers

This 3-bedroom, 1-bathroom single family at 27987 Jefferson Avenue is listed at $245,500 ($135/sqft). The estimated monthly payment is $1,313 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1936, 0.35 acre lot, 2 parking spaces.

This property is listed by Cecilia Mutia and can be reached at 9514913372.

CM

Cecilia Mutia

License 01764611

Agent at eXp Realty of California, Inc.

(951) 491-3372
Agent website

Listed by eXp Realty of California, Inc. · Broker phone: (888) 584-9427 · Broker website

MLS# SW26196894· Source: California Regional Multiple Listing Service, Inc· 36 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

27987 Jefferson Avenue, Menifee, CA 92585

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