40480 Carrigan Rd

Murrieta, CA 92562

$3,798,000
Price
—
Beds
—
Baths
3,085 Sq. Ft.
$1,231 / Sq. Ft.
3,085
Sq. Ft.
$1,231
per Sq. Ft.
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unknown
a view of water heater of the side
a view of a balcony
a view of a city with an ocean view
an aerial view of residential houses with outdoor space

Description

Great developement and investment opportunity. A prime location surrounded by ongoing multi-family, medical offices, shopping centers and walking distance to the new. Subject is MIXED USE and has Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway I-15 and 215 in Temecula Valley. Also located centrally between Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. The sales...Great developement and investment opportunity. A prime location surrounded by ongoing multi-family, medical offices, shopping centers and walking distance to the new. Subject is MIXED USE and has Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway I-15 and 215 in Temecula Valley. Also located centrally between Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. The sales include two parcels with APN# 949-180-011 for $2,000,000 & 949-180-012 for $1,798,000. Each parcel can be purchased separately or together. There is one home on each parcel and both homes are tenant occupied with a total monthly rental of $3,500. "VALUE IS IN LAND" properties being sold "AS IS". The properties are currently zoned mixed use/office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY ". The future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL MINIMUM OF 30 UNITS PER ACERES ", office, church, private school & variety of other commercial uses. Please see the attached supplements for more detail. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.
  1. Listed by Ed Farnaghi • DRE #01004996 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949-510-8489

Property Details for 40480 Carrigan Road

Parking Spaces Total
14
Lot Size Source
Assessor
Lot Size Dimensions
See Plat Map
Building Area Total
3085
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Zoning
Mixed Use,offic commercia
LISTING UPDATED: 02/19/2026 06:22 AM

Property Details for 40480 Carrigan Road

StatusActive
MLS #OC25035343
Days on Market382
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1979
Lot Size4.76 AC / 207,524 SF
CountyRiverside County
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Location

Listing Courtesy of Coldwell Banker Realty, Ed Farnaghi, DRE #01004996
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Building Information for 40480 Carrigan Road

Stories1Residences-Year Built1979Lot Size4.76 AC / 207,524 SF

Payment Calculator

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$18,754 per month

30 year fixed, 6.15% Interest

Principal and Interest

$18,511

Property Taxes

$243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40480 Carrigan Road

Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Closet
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Construction Materials: Drywall Walls, Metal Siding
  • Roof: Clay, Composition
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 949180011
  • Lot Features: 2-5 Units/Acre, 31-35 Units/Acre, Corner Lot, Sloped Down, Gentle Sloping, Lot Over 40000 Sqft, Irregular Lot, Rolling Slope, Value In Land
  • Current Use: Residential
  • Land Use: Multi-Family, Office, Other
  • Land Lease: No
  • Topography: Rolling
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Propane, See Remarks
  • Electric: Electricity - On Property
  • Water Source: Private, Well
Parking Info
  • Uncovered Spaces: 4
  • Carport Spaces: 10
Property / Structure Info
  • Building Status: Existing
  • Building Features: Phone System, TV System
Unit Information
Unit Information
  • Number Of Units Leased: 1
  • Number Of Buildings: 1

Property History for 40480 Carrigan Road

DateEvent & SourcePriceAppreciation
Aug 23, 2025

Price Change

CRMLS #OC25035343

$3,798,000—
Feb 24, 2025

Listed (Active)

CRMLS #OC25035343

$3,799,000—
Jul 26, 2024

Expired

CRMLS #SW23135622

$3,250,000—
Jul 24, 2024

Hold

CRMLS #SW23135622

—
Dec 26, 2023

Price Change

CRMLS #SW23135622

$3,250,000—
Jul 28, 2023

Listed (Active)

CRMLS #SW23135622

$3,500,000—
Apr 12, 2023

Withdrawn / Cancelled

CRMLS #SW22096310

$1,150,000—
Oct 14, 2022

Withdrawn / Cancelled

SDMLS #SW22096310

—
Oct 14, 2022

Withdrawn / Cancelled

CLAW #SW22096310MR

—
May 16, 2022

Listed (Active)

SDMLS #SW22096310

$1,150,000—
May 16, 2022

Listed (Active)

CRMLS #SW22096310

$1,150,000—
May 8, 2022

Listed (Active)

CLAW #SW22096310MR

$1,150,000—
Jul 2, 2010

Sold (Public Record)

Public Record #292485915

$195,000

-33.1% / yr

Nov 28, 2006

Sold (Public Record)

Public Record #211196937

$825,000

+35.0% / yr

Jul 14, 2005

Expired

CLAW #T500627MR

—
Jul 14, 2005

Expired

CRMLS #T500627

$775,000—
Jan 13, 2005

Listed (Active)

CLAW #T500627MR

$775,000—
Jan 13, 2005

Listed (Active)

CRMLS #T500627

$775,000—
Nov 4, 2003

Sold (Public Record)

Public Record #123590227

$329,000—
Jul 10, 2003

Expired

CRMLS #T303953

$359,000—
Jul 10, 2003

Expired

CLAW #T303953MR

—
Apr 9, 2003

Listed (Active)

CLAW #T303953MR

$359,000—
Apr 9, 2003

Listed (Active)

CRMLS #T303953

$359,000—
Jun 30, 2001

Expired

CRMLS #T210420

$250,000—
Jun 30, 2001

Expired

CLAW #T210420MR

—
Nov 13, 2000

Listed (Active)

CRMLS #T210420

$250,000—
Nov 13, 2000

Listed (Active)

CLAW #T210420MR

$250,000—
DateEvent & SourcePrice
08/23/2025

Price Change

CRMLS #OC25035343

$3,798,000
02/24/2025

Listed (Active)

CRMLS #OC25035343

$3,799,000
07/26/2024

Expired

CRMLS #SW23135622

$3,250,000
07/24/2024

Hold

CRMLS #SW23135622

—
12/26/2023

Price Change

CRMLS #SW23135622

$3,250,000
07/28/2023

Listed (Active)

CRMLS #SW23135622

$3,500,000
04/12/2023

Withdrawn / Cancelled

CRMLS #SW22096310

$1,150,000
10/14/2022

Withdrawn / Cancelled

SDMLS #SW22096310

—
10/14/2022

Withdrawn / Cancelled

CLAW #SW22096310MR

—
05/16/2022

Listed (Active)

SDMLS #SW22096310

$1,150,000
05/16/2022

Listed (Active)

CRMLS #SW22096310

$1,150,000
05/08/2022

Listed (Active)

CLAW #SW22096310MR

$1,150,000
07/02/2010

Sold (Public Record)

Public Record #292485915

$195,000

-33.1% / yr

11/28/2006

Sold (Public Record)

Public Record #211196937

$825,000

+35.0% / yr

07/14/2005

Expired

CLAW #T500627MR

—
07/14/2005

Expired

CRMLS #T500627

$775,000
01/13/2005

Listed (Active)

CLAW #T500627MR

$775,000
01/13/2005

Listed (Active)

CRMLS #T500627

$775,000
11/04/2003

Sold (Public Record)

Public Record #123590227

$329,000
07/10/2003

Expired

CRMLS #T303953

$359,000
07/10/2003

Expired

CLAW #T303953MR

—
04/09/2003

Listed (Active)

CLAW #T303953MR

$359,000
04/09/2003

Listed (Active)

CRMLS #T303953

$359,000
06/30/2001

Expired

CRMLS #T210420

$250,000
06/30/2001

Expired

CLAW #T210420MR

—
11/13/2000

Listed (Active)

CRMLS #T210420

$250,000
11/13/2000

Listed (Active)

CLAW #T210420MR

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40480 Carrigan Road

Taxable ValueLand$211,385Additions$38,429Total$249,814
Tax Record2025$2,917 ($243 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,741 SqFtAbove Grade Finished SqFt1,741 SqFtStories1Lot Size102,366 SqFtStyleSingle Family ResidenceYear Built1979ZoningSPCountyRIVERSIDEAPN949-180-012Fireplace TypeHas Fireplace

Schools near 40480 Carrigan Road

This home is within Murrieta Valley Unified School District.
Rating
School
Type
Grades
Distance
Avaxat Elementary School
Public - K to 5
Shivela Middle School
Public - 6 to 8
Murrieta Mesa High School
Public - 9 to 12
Murrieta Options Academy
Public - 9 to 12
Rating
School
Distance
Avaxat Elementary School
PublicK to 5

Shivela Middle School
Public6 to 8

Murrieta Mesa High School
Public9 to 12

Murrieta Options Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40480 Carrigan Road, Murrieta, CA 92562

40480 Carrigan Road is a mixed use property for sale in Murrieta, CA 92562. This property was listed for sale on February 24, 2025 by Coldwell Banker Realty, it's currently listed at $3,798,000. It has been on the market for a total of 382 days and was last sold on July 2, 2010. This listing's school district is Murrieta Valley Unified School District. Nearby schools include Avaxat Elementary School, Shivela Middle School and Murrieta Mesa High School. 40480 Carrigan Road is a 0-bed, 0-bath, 3,085 sqft mixed use property built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Ed Farnaghi, DRE #01004996

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.