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40785 Vista Murrieta Rd - Multifamily Development Opportunity 4.27 Acres of Residential Land Offered at $3,906,034 in Murrieta, CA 92562
Executive Summary
Terrific multi-family development opportunity. This 4.27-acre development site consists of 3 APNs (APN 949-190-005, off-market but available) The Murrieta housing element and new zoning overlay identify these parcels for up to 30 units per acre. Possibility for up to 128 units. Perfect location in the heart of Murrieta, just north of the Triangle. Panoramic views of the valley and surrounding mountains. Close to everything with a country feel. The new housing element has identified these parcels for up to 30 units per acre.
Property Facts
| Price | $3,906,034 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 4.27 AC |
| Property Type | Land | ||
| Zoning | RR - Murrieta housing element overlay allows for up to 30 units per acre | ||
| Price | $3,906,034 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 4.27 AC |
| Zoning | RR - Murrieta housing element overlay allows for up to 30 units per acre |
1 Lot Available
Lot
| Price | $3,906,034 | Lot Size | 4.27 AC |
| Price Per AC | $914,762.06 |
| Price | $3,906,034 |
| Price Per AC | $914,762.06 |
| Lot Size | 4.27 AC |
Terrific Location just off the I-15 in Murrieta. Great multi-family development parcel. The new housing element has identified these parcels for up 30 units per acre, up to 272 units on these four contiguous parcels.
Property Taxes
| Parcel Numbers | Improvements Assessment | $93,580 | |
| Land Assessment | $621,703 | Total Assessment | $715,283 |
Property Taxes
Parcel Numbers
Land Assessment
$621,703
Improvements Assessment
$93,580
Total Assessment
$715,283
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40785 Vista Murrieta Rd - Multifamily Development Opportunity
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