10
Map
$59,900
↓ $3K (4.9%)
●
Land -
For Sale
24585 Ennis Street
Menifee, CA 92584
Studio
0 Bath
$295
Est. Monthly
About This Property
Great opportunity to own approximately 0.23 acres (about 1/5 acre)
of vacant land in the growing City of Menifee.
This raw parcel with no utilities offers a blank canvas for your future vision, whether you're looking to build, invest, or hold for long-term potential.
Located in a peaceful rural setting with gentle dirt road access, the property provides a quiet atmosphere while still being within reach of shopping, dining, schools, and major roadways. Surrounded by open land, there is a sense of space and flexibility to create something truly your own.
Affordably priced and full of potential, this is a great opportunity to secure land in an area experiencing continued growth. Seller may consider financing with a strong down payment.
This raw parcel with no utilities offers a blank canvas for your future vision, whether you're looking to build, invest, or hold for long-term potential.
Located in a peaceful rural setting with gentle dirt road access, the property provides a quiet atmosphere while still being within reach of shopping, dining, schools, and major roadways. Surrounded by open land, there is a sense of space and flexibility to create something truly your own.
Affordably priced and full of potential, this is a great opportunity to secure land in an area experiencing continued growth. Seller may consider financing with a strong down payment.
Unit Size
-
Days on Market
161 days
Land Size
0.23 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #SW26105545)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$59,900
↓ $3K
(4.9%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$63,000
↓ $5K
(7.4%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$68,000
↓ $1K
(1.5%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by KW Temecula | $69,000 | |
| Listed by KW Temecula | |||
Property Highlights
Exterior Details
Lot Features: Rectangular Lot, ZeroToOneUnitAcre, Trees
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Tax Lot: 9
Water Source: None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Elsinore Country Club Home Acres
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Listed by: Elizabeth Jones, KW Temecula
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SW26105545
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SW26105545
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