40480 Carrigan Rd

—
Beds
—
Baths
3,085 Sq. Ft.
$1,231 / Sq. Ft.
3,085
Sq. Ft.
$1,231
per Sq. Ft.

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: 04/16/2026 07:12 AM

Property Details for 40480 Carrigan Road

StatusActive Under Contract
MLS #OC25035343
Days on Market416
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1979
Lot Size4.76 AC / 207,524 SF
CountyRiverside County

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

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$19,169 per month

30 year fixed, 6.36% Interest

Principal and Interest

$18,926

Property Taxes

$243

HOA Dues

$0

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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, In Closet, Gas & Electric Dryer Hookup
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Construction Materials: Metal Siding, Drywall Walls
  • Roof: Composition, Clay
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 949180011
  • Lot Features: 31-35 Units/Acre, Lot Over 40000 Sqft, Corner Lot, Rolling Slope, Sloped Down, Irregular Lot, 2-5 Units/Acre, Gentle Sloping, Value In Land
  • Current Use: Residential
  • Land Use: Office, Multi-Family, Other
  • Land Lease: No
  • Topography: Rolling
  • Utilities: Propane, Cable Connected, See Remarks, Phone Connected, Electricity Connected
  • Electric: Electricity - On Property
  • Water Source: Well, Private
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
Apr 14, 2026

Accepting Backup Offers

CRMLS #OC25035343

—
Aug 23, 2025

Price Change

CRMLS #OC25035343

$3,798,000—
Feb 24, 2025

Listed (Active)

CRMLS #OC25035343

$3,799,000—
DateEvent & SourcePrice
04/14/2026

Accepting Backup Offers

CRMLS #OC25035343

—
08/23/2025

Price Change

CRMLS #OC25035343

$3,798,000
02/24/2025

Listed (Active)

CRMLS #OC25035343

$3,799,000

For completeness, we 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
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.