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Menifee 92585
27987 Jefferson Avenue
$245,500
● House - For Sale

27987 Jefferson Avenue

Menifee, CA 92585
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,821 Ft²
$1,206
Est. Monthly

About This Property

HIGH-DENSITY RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN MENIFEE! An opportunity for investors, builders and developers looking to explore future multifamily residential development or acquire and hold property in a growing Menifee corridor. The property is currently zoned HDR (High Density Residential) with previous existing utilities. Includes an existing fire-damaged, boarded single-family residence. The property is being offered in its present AS-IS condition, with the primary value and opportunity centered on the land and its future residential redevelopment potential. All three parcels must sell together total of .50 acres. HDR zoning provides an opportunity to explore higher-density residential uses, including small to medium multifamily development, subject to City approval and all applicable development requirements. This may also be an attractive opportunity for an investor seeking to acquire and hold property for future development as the surrounding area continues to evolve. Conveniently located near major transportation routes, established residential neighborhoods, shopping, services and continued growth throughout Menifee and Southwest Riverside County. Bring your vision and explore the possibilities. Buyer and buyer's representatives are strongly encouraged to conduct their own independent due diligence with the City of Menifee and appropriate agencies regarding zoning, allowable density, permitted uses, development standards, utilities, access, demolition requirements, environmental conditions and overall development feasibility. Seller and Broker/Agents make no representation or guarantee regarding the number of units that may ultimately be developed on the property. The property is red-tagged, Not a rehab or fix/flip due to zoning requirements for this property. Don't miss out on development or buy and hold opportunity!
Unit Size
1,821 Ft²
Days on Market
37 days
Land Size
0.35 acres
Price per sqft
$135
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1936

Listed By

Cecilia Mutia
Cecilia Mutia
Realty ONE Group Southwest

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Last updated: 2 months ago (CRMLS #SW26196894)

Price History

Date / Event Date Event Price
Sep 14, 2026 Listed by eXp Realty of California, Inc. $245,500
Listed by eXp Realty of California, Inc.
Jul 13, 2026 Listed by eXp Realty of California, Inc. $245,500
Listed by eXp Realty of California, Inc.
HIGH-DENSITY RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN MENIFEE! An opportunity for investors, builders and developers looking to explore future multifamily residential development or acquire and hold property in a growing Menifee corridor. The property is currently zoned HDR (High Density Residential) with previous existing utilities. Includes an existing fire-damaged, boarded single-family residence. The property is being offered in its present AS-IS condition, with the primary value and opportunity centered on the land and its future residential redevelopment potential. All three parcels must sell together total of .50 acres. HDR zoning provides an opportunity to explore higher-density residential uses, including small to medium multifamily development, subject to City approval and all applicable development requirements. This may also be an attractive opportunity for an investor seeking to acquire and hold property for future development as the surrounding area continues to evolve. Conveniently located near major transportation routes, established residential neighborhoods, shopping, services and continued growth throughout Menifee and Southwest Riverside County. Bring your vision and explore the possibilities. Buyer and buyer's representatives are strongly encouraged to conduct their own independent due diligence with the City of Menifee and appropriate agencies regarding zoning, allowable density, permitted uses, development standards, utilities, access, demolition requirements, environmental conditions and overall development feasibility. Seller and Broker/Agents make no representation or guarantee regarding the number of units that may ultimately be developed on the property. Don't miss this opportunity knocking at your door!
Nov 20, 2025 In contract -
In contract
Nov 8, 2025 Relisted $215,900
Relisted
Oct 24, 2025 In contract -
In contract
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Property Highlights

Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: See Remarks
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Flooring Type: See Remarks
Laundry Features: See Remarks
Fireplace Features: None
Exterior Details
Square Footage: 1821
Square Footage Source: $0
Property Condition: RepairsMajor
Architectural Style: See Remarks
Year Built Source: Assessor
Year Built: 1936
Levels: One
Patio and Porch Features: See Remarks
Pool Features: None
Lot Features: SixToTenUnitsAcre, TearDown
Lot Size Area: 15246
Lot Size Units: Square Feet
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Tax Lot: 68
Water Source: See Remarks
Utilities Details
Cooling Type: SeeRemarks
Heating Type: Central
Sewer : Unknown

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 7
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 1,821
  • Gross Building Area: 1,821
  • Building Area: 1,821
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,821
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 2
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROMOLA
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: LOTS 67 & 68 MB 013/008 ROMOLA

Neighborhood

  • School District Name: Romoland Elementary School District
  • Census Tract: 042730

Zoning

  • Zoning: RR

Geography

  • Parcel: 329-182-002
  • Lot: 68
  • Municipality: MENIFEE
  • Latitude: 33.7472
  • Longitude: -117.172

    Address

  • Full Address: 27987 Jefferson Ave
  • Address - House Number: 27987
  • Address - Street Name: Jefferson
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Menifee
  • Carrier Code: R010
  • 4-Digit Zip Code: 9556
  • Zip Code: 92585

Valuation

    Tax

  • Total Area: 1,821
  • Tax Year: 2023
  • Tax Amount: $253,826
  • Tax Rate Code Area: 026-202

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 584,048
  • High Value: 700,981
  • Low Value: 467,114

    Market Valuation

  • Market Total Value: $248,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,742
  • Assessed Land Value: $80,376
  • Assessed Improvements Value: $147,366

    Sales

  • Current Sale Contract Date: Apr 12, 2005
  • Current Sale Recording Date: Apr 20, 2005
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2005-0308573
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Menifee


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Frequently Asked Questions

When was property at 27987 Jefferson Avenue built and last sold?
The property at 27987 Jefferson Avenue was built in 1936 and last sold on Apr 12, 2005 for $230,000.
How much is this home worth?
The estimated value of the home located at 27987 Jefferson Avenue is $264,363.
What are some comparable homes to 27987 Jefferson Avenue?
There are currently no comparable homes to 27987 Jefferson Avenue.