Mcelwain, Murrieta, CA 92562 - SW21000937 - iPro Real Estate
iPro Real Estate

iPro Real Estate

For Sale

$2,750,000 $13.04 per sqft

Free Professional CMA

Listing ID : SW21000937

  • Lot Size

    4 Acre

Description

Located W/N desirable fast growing path of progress in a developing area.Two separate parcels offered totaling 4.84 Acres currently zoned for up to 48 single family 2 (SFR-2) detached and attached residential units in Central Murrietas key SFR and multi-family growth area.The area's prime undeveloped and developable property with views over adjacent regional retail center including Super Target, Tractor Supply, Starbucks, BofA, nearby CVS and restaurants. Easy access to I-215 Clinton Keith Exits, Vista Murrieta High School and Linnell Overpass to Loma Linda Hospital. SF-2 Zone currently allows 5.1 to 10.0 units/ac. Lot sizes 5,000+ sf. or clustered with open space.Multi-family 1 (MF-1) flats or townhouses permitted uses. Assisted Living/skilled Nursing and other Child/Adult Care Facilities allowed with Conditional Use Permits.APN 392-260009 is 2.45 acres and APN 392-260-010 is 2.39 acres. McElwain is designated as MAJOR Roadway connecting to Keller Rd in General Plan Circulation Element. Nearly 600 feet of frontage on McElwain Rd, directly across from Target and Tractor Supply. Key ongoing projects and infrastructure improvements make this fast-growing area more desirable including: 1215 widening, Scott Rd & Keller Road 1-215 Interchanges to accommodate Kaiser Medical Services and Hospital, ext of Clinton Keith east to Winchester (CA 79N) extension of Whitewood from Clinton Keith to Keller Road. Adjacent properties to NO and NE are now zoned Multi-Family 2, 15.01-18 du/ac.

Details

Type: Land Sale 
County: Riverside 
Tax ID: 392260009
Days on Market: 694 
Property Type: Land Sale 
Sub Type: Unimproved Land 

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33.566299 -117.229202 $2,750,000 SW21000937
Mcelwain, Murrieta, CA 92562
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Area Information 92562

Population:

66,063 Up .12% since 2010
Average Income:
$118,163
Average Age:
37Years
Gender:
48.9%Male
51.1%Female
Households:
22,05438.73% with children
Average Value:
$630,863
Occupancy:
63.18%Owned
36.82%Rented
6.4%Vacant
Education:
21.21%High School
9.26%Associate
20.03%Bachelor
9.04%Graduate
Average Residency:
19Years
Crime Rate:
Below Average
Annual Rainfall:
16.55Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Jun 05, 2021
Transaction
Expired - LandSW17257143
Price
$2,500,000
Mortgage Amt & Lender
- -
Date
Jan 04, 2021
Transaction
Active - LandSW21000937
Price
$2,750,000
Mortgage Amt & Lender
- -

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Listed by Nancy Risen with Coldwell Banker Realty