24567 Adams Ave, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
24567 Adams Ave
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24567 Adams Ave, Murrieta, California 92562 is currently available with a list price of $1,598,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Murrieta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1973, has undergone significant recent renovations as stated in the description ('newer floors, paint, kitchen, bath rooms and windows'). Images confirm a modern, virtually new kitchen with contemporary gray cabinetry, white solid surface countertops, stainless steel appliances, and recessed lighting. One bathroom features a sleek walk-in shower with modern tiling and vanity. The entire living space boasts modern gray LVP flooring and fresh paint. While the original structure is older, the extensive updates make the home move-in ready with no immediate renovations required, fitting the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101930, living area = 1800.
- Exceptional Commercial Zoning
Zoned C-C-R (Commercial-Community Retail), allowing for diverse commercial uses such as retail, office, drive-through, restaurant, and medical, with potential for vertical development up to 50 feet, appealing strongly to investors and developers.
- Substantial Lot Size
A generous 2.34-acre (101,930 sqft) lot offers significant space for large-scale commercial development or a substantial residential project, providing considerable flexibility for various ventures.
CONSRISKS & DEFICIENCIES
- History of Price Reductions
The property has seen multiple price drops from its original $1.8 million, suggesting potential overpricing or challenges in attracting buyers at previous valuations, which may raise questions about its current market appeal.
- Development-Specific Costs & Complexity
While zoned for commercial use, realizing its full potential requires substantial capital investment for demolition (if applicable), construction, and navigating potentially complex permitting, environmental, and infrastructure requirements.
- Age of Original Structure
Despite recent updates, the underlying structure dates back to 1973, which may imply older foundational systems (e.g., plumbing, electrical, HVAC) that could require further assessment or upgrades, especially for commercial conversion.
About 24567 Adams Ave
Zoned CCR - Calling all investors, developers, big thinkers!! This is in an opportunity you don't want to pass up. This 2.34 acre lot is zoned C-C-R and currently features a single level 1800 square foot, 3 bed, 2 bath detached home with newer floors, paint, kitchen, bath rooms and windows. The property has a great short term rental income being within walking distance to Old Town Murrieta, minutes from the 15 freeway and several miles from some of the best wineries in the entire country. Usage/zoning allows for commercial, retail, office, drive-through, restaurant, medical offices or up to 50 feet high, minus your setbacks, 20% landscaping and the parking required depending on the use.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 101,930 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,800 | 2,447 | 24% |
| Lot Size | 101,930 | 7,840 | 89% |
| Price | $1.60M | $715.0K | 92% |
| Price per sq ft | $888 | $316 | 99% |
| Built year | 1973 | 1997 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 391 | 184 | 97% |
Pricing History
Listed for Sale
Feb 7, 2026
$1,598,000
$1,650,000
-3% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$1,650,000
Initial Listing
Price Change
Feb 9, 2025
$1,800,000
Initial Listing