Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Available for Principals Only. Contact for more details.

Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.

Photo
Property TypeLand
LocationLos Angeles, California
Map It
TitleResidential Land with Pre Fabricated Home Submitted to City for 10 Single Family Homes in Fast Growing Area in the Inland Empire
Summary

2.7 ACRES in Menifee Ca
Spacious 2.7-acre development land offering ample space for a large-scale residential project or a private estate with all utilities in place or can build multiple homes.
Zoned R-1.

Details

Previous owner had submitted plans (SEE ABOVE) to the city for the development of 10 homes with additional dwelling units (ADUs), potentially streamlining the approval process for new buyers, however he lost the project due to foreclosure and someone
can now come in and take over.

Comes with a pre-fabricated home featuring 3 bedrooms and 2 bathrooms, providing
immediate living space or rental opportunities. Includes a 2-car detached garage, which adds convenience and storage options for vehicles or other equipment and can be torn down to add new home.

Income and Sales Details

This property is situated in Menifee, California, which is a city in southwestern Riverside County. This region has experienced significant growth and development in recent years, evolving from a rural community to a bustling suburban environment. The area around Hull Street typically features a mix of residential properties, including single-family homes along with some commercial and retail spaces.

Proximity to Local Amenities: The location is close to Menifee's key shopping centers, restaurants, and entertainment options, ensuring convenience for residents.

Growing Economy: With new developments and businesses opening up, Menifee is experiencing economic growth, which can positively impact property values in the area.

Accessibility: Located between Interstate 215 and State Route 74, this area offers easy access to major roads, making it convenient for commuting to nearby cities such as Murrieta and Temecula.

Asking Price$995,000.00
Date UpdatedMarch 10, 2025