24264 Washington Ave , Murrieta, CA 92562
$4,000,000
Est. Payment: $21,186.62/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 330
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PB12429 - PWWENMAT
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House Description

The property for sale is a ±5.34 acre development site located at 24264 Washington Avenue in the city of Murrieta, CA. The site is composed of two parcels of land with APNs 906-780-035 & 037 and the site is generally level/rectangular in shape with 330’ of frontage along busy Washington Ave. There are currently two older single-family homes on the site. Zoning on the site is NC – Neighborhood Commercial and the General Plan Land Use designation is Commercial. The NC zoning district is designed for areas appropriate for convenience shopping, including individual retail and service uses and small destination centers on sites generally 3-10 acres in size. Directly to the south of this property is a site that has recently been approved for a 7-Eleven convenience store with an 8-pump gas station. This site benefits from close proximity to downtown Murrieta as the property is just blocks to the north of historic Old Town Murrieta which is known for its vibrant art scene and large number of shops and restaurants. The property is also just 3 blocks to the west of the I-15 freeway and is one block to the south of Murrieta Valley High School. There are several newer residential projects along this immediate stretch of Washington Avenue including a 60-unit project from Legacy Homes, a 64-unit project from KB Homes, a 64-unit project from Alexander Communities and a 132-unit project from Lennar. The city of Murrieta has a huge residential development pipeline at this time and the demand for local retail will only grow with the population of the city.

Highlights

Listed by Matthew Wenzel , 949-419-3205 Marcus & Millichap , 562-257-1200. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
5.34

County

Riverside

Area

699 - Not Defined

Listing ID

PW25170140

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:Level,Rectangular Lot,Value In Land,No Land Lease
Zoning:NC
Principal Interest
$21,187
Taxes
$2,550

Home Price

$4,000,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$800,000
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Monthly Price:
$21,186.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $21,186.62 $2,550.00 $0.00 $23,736.62
Yearly $254,239.47 $30,600.00 $0.00 $284,839.47
Total $7,627,184.17 $918,000.00 $0.00 $8,545,184.17

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 (Murrieta, 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: 2026-09-23T15:01:48.000Z

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