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
Amenities
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
Estimates only. Actual payments may vary.
Location
27987 Jefferson Avenue
Menifee, CA 92585
Property Details
Heating
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.




