24264 Washington Avenue

24264 Washington Avenue

Murrieta, CA 92562

$4,199,000
Price
323,640 / 7.43
Lot Size / Acres

Description

Great development opportunity in a prime location on 5.34 +/- acres of flat land with TWO separate income generating SFRs with month to month leases (earn money while developing). Situated in the heart of the Murrieta Valley and offering 330 feet of paved street frontage along Washington Ave. with multi-family communities, schools, restaurants, coffee shops and access to freeways close. Located on a high traffic thoroughfare on the same street as historic downtown Murrieta, these parcels are zoned...Great development opportunity in a prime location on 5.34 +/- acres of flat land with TWO separate income generating SFRs with month to month leases (earn money while developing). Situated in the heart of the Murrieta Valley and offering 330 feet of paved street frontage along Washington Ave. with multi-family communities, schools, restaurants, coffee shops and access to freeways close. Located on a high traffic thoroughfare on the same street as historic downtown Murrieta, these parcels are zoned for neighborhood commercial allowing for some housing, retail spaces, medical offices, schools and many other neighborhood opportunities. Adjacent to this parcel, is an approved, to be built, 7-Eleven development with a 8-16 pumps gas station and store on the corner of Washington Ave. and Lemon St. Other neighboring approved, to be built, developments at Washington Ave. and Magnolia St. include a new McDonald's and a car wash and gas station. All utilities and infrastructure already in place for the two SFRs on the premises, and easy to expand upon for development. Two parcels being sold together. APN 906-780-035 includes 4.70 +/- acres at 24264 Washington Ave. and APN 906-780-037 at 24280 Washington Ave. includes .64 +/- acres. Please do not disturb tenants. Buyers to verify all information before COE.
  1. Listed by Federico Marquez • DRE #01357751 • Brokerage DRE #01445036 • NetWorth Realty
  2. Listed by La Var Deem • DRE #01445036 • Brokerage DRE #01445036 • Networth Realty

Property Details for 24264 Washington Avenue

Water Front
None
Zoning
RR01
Parcel Number
906780035
Area
Murrieta - West (206)
Lot Size Area
323640
Source Lot Size Area
Other
Present Use
Residential, Neighborhood Commercial Zoning
Potential Usage
Neighborhood Commercial zoning allows for some housing, retail spaces, medical offices, schools and many other neighborhood opportunities.

Location

Listing Courtesy of NetWorth Realty, Federico Marquez, DRE #01357751; Networth Realty, La Var Deem, DRE #01445036
Add your commute
LISTING UPDATED: 04/10/2024 03:13 PM

Property Details for 24264 Washington Avenue

StatusActive
MLS #23-310187
Days on Market231
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size7.43 AC
CountyRiverside County

Location

Listing Courtesy of NetWorth Realty, Federico Marquez, DRE #01357751; Networth Realty, La Var Deem, DRE #01445036
Add your commute

Building Information for 24264 Washington Avenue

Lot Size7.43 AC

Payment Calculator

$23,041 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,916

Property Taxes

$125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24264 Washington Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Mountains, Hills
  • View: Mountain(s), Hills
  • Water: Water District, Public
  • Sewer: Public Hookup Available, In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional, Private, Other
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Special Zoning: None
  • Additional Parcel Number: Yes
  • Lot Acreage: 5.3
  • Lot Size Square Feet: 323640
  • Lot Size Dimensions: 405x660
  • Source Lot Size Dimensions: Other
  • Lot Features: Corners Marked, Rectangular Lot
  • Lot Description: Corners Established, Curbs, Lot-Level/Flat, Sidewalks, Street Paved, Utilities Other, Lot Shape-Rectangular
  • Lot Location: City
  • Telephone: 1.0
  • Telephone Service: On Property
  • Cable: 1.0
  • Electric: On Site
  • Road Frontage: Yes, 330 ft on Washington Avenue
  • Public Street: Yes
  • Usable Land Percent: 100.00%
  • Trees: Yes
  • Possible New Zone: Neighborhood Commercial
  • Certificate Of Compliance: Unknown
  • Site Decription: City
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
  • Water Well: No
Lease Terms
Lease Terms
  • Entry Date: 09-13-2023
  • Listing Terms: Cash, Cash To New Loan

Property History for 24264 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 24264 Washington Avenue

Taxable ValueLand$41,975Additions$44,384Total$86,359
Tax Record2023$1,499 ($125 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,386 SqFtAbove Grade Finished SqFt1,386 SqFtStories1Lot Size204,732 SqFtStyleSingle Family ResidenceYear Built1937ZoningRR01CountyRIVERSIDEAPN906-780-035

Schools near 24264 Washington Avenue

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

Thompson Middle School
Public6 to 8

Murrieta Valley High School
Public9 to 12

Murrieta Canyon Academy
PublicK 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 24264 Washington Avenue, Murrieta, CA 92562

24264 Washington Avenue is a 7.43 ac of land for sale in Murrieta, CA 92562. This property was listed for sale on September 13, 2023 by NetWorth Realty, it's currently listed at $4,199,000. This listing's school district is Murrieta Valley Unified School District. Nearby schools include Murrieta Elementary School, Thompson Middle School and Murrieta Valley High School. 24264 Washington Avenue is a 0-bed, 0-bath, 7.43 ac of land on a 323,640 sq. ft. / 7.43 acres lot.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NetWorth Realty, Federico Marquez, DRE #01357751; Networth Realty, La Var Deem, DRE #01445036

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.