40480 Carrigan Road

Murrieta, CA 92562

$3,250,000
Price
Beds
3,065 Sq. Ft.
$1,060 / Sq. Ft.
3,065
Sq. Ft.
$1,060
per Sq. Ft.

Description

Great development and investor opportunity. A prime location surrounded by ongoing multi family, medical offices and shopping centers Subject has the superior Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway 15 and 215 in Temecula Valley. Also located between the 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...Great development and investor opportunity. A prime location surrounded by ongoing multi family, medical offices and shopping centers Subject has the superior Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway 15 and 215 in Temecula Valley. Also located between the 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 $1,750,000 & 949-180-012 for $1,500,000. There is one home on each parcel and both homes are tenant occupied with a total monthly rental of $3,100. "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", office, church, private school & variety of other uses. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.
  1. Listed by Ed Farnaghi • DRE #01004996 • Brokerage DRE #01005198 • Citiwide Group, Inc. • 951-826-1554

Property Details for 40480 Carrigan Road

Parking Spaces Total
14
Lot Size Source
Assessor
Lot Size Dimensions
See PM
Building Area Total
3065
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Zoning
MIXED USE

Location

Listing Courtesy of Citiwide Group, Inc., Ed Farnaghi, DRE #01004996
Add your commute
LISTING UPDATED: 03/31/2024 12:13 AM

Property Details for 40480 Carrigan Road

StatusActive
MLS #SW23135622
Days on Market278
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

Location

Listing Courtesy of Citiwide Group, Inc., Ed Farnaghi, DRE #01004996
Add your commute

Building Information for 40480 Carrigan Road

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

Payment Calculator

$17,979 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40480 Carrigan Road

Income / Expense / Tax Details
Income Details
  • Current Financing: None
Tax / Assessment Info
  • Tax Annual Amount: $6,721
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
  • Cooling: Central Air
  • Heating: Central, Forced Air
Exterior Features
  • Construction Materials: Drywall Walls, Metal Siding
  • Roof: Clay, Composition
  • Fence: Yes
  • Fencing: Chain Link
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 949180011
  • Lot Features: 16-20 Units/Acre, Corner Lot, Sloped Down, Gentle Sloping, Lot Over 40000 Sqft, Rectangular Lot, Rolling Slope, Value In Land
  • Current Use Comments: One home on each parcel
  • Land Use: Multi-Family, Office, Other
  • Lease Considered: No
  • 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: Proposed
  • Building Features: Phone System, TV System
  • Asset Class: Land/Unimproved, Multi-Family, Office
Unit Information
Unit Information
  • Number Of Units Leased: 2
  • Number Of Buildings: 2

Property History for 40480 Carrigan Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$203,178Additions$36,938Total$240,116
Tax Record2023$2,908 ($242 / 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 - K 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 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.

Similar Homes

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Similar Sold Homes

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40480 Carrigan Road is a mixed use property for sale in Murrieta, CA 92562. This property was listed for sale on July 28, 2023 by Citiwide Group, Inc., it's currently listed at $3,250,000. It has been on the market for a total of 278 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, 3,065 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 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 Citiwide Group, Inc., 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.