27987 Jefferson Ave , Menifee, CA 92585
$245,500
Est. Payment: $1,300.33/mo
3 Bed
1 Bath
1821 Sqft
Status: Active | Days on site: 3
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House 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!

Highlights

Listed by Cecilia Mutia , 951-216-2019 eXp Realty of California, Inc. , 888-832-7179. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.35

Year Built

1936

County

Riverside

Area

SRCAR - Southwest Riverside County

School District

Romoland

Listing ID

SW26196894

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Air Cond:See Remarks
Fireplaces:
Floor:See Remarks
Water:See Remarks

Exterior Features

Lot:6-10 Units/Acre,Tear Down,No Land Lease
Garage Capacity:2
Zoning:HDR
Others:
  • Additional:Repairs Major
Sewer:Unknown
Parking Features:See Remarks
Principal Interest
$1,300
Taxes
$157

Home Price

$245,500

Loan Details

30 yrs
6.952%

Down Payment

20%
$49,100
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,300.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,300.33 $156.51 $0.00 $1,456.84
Yearly $15,603.95 $1,878.07 $0.00 $17,482.02
Total $468,118.43 $56,342.25 $0.00 $524,460.68

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Menifee, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T07:04:54.000Z

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