24567 Adams Ave, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
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Murrieta, California 92562
Analysis of 24567 Adams Ave, Murrieta, California 92562 is currently available with a list price of $1,598,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
While the structure dates to 1973, the interior has undergone a comprehensive recent renovation (likely <5 years) including a modern kitchen with stainless steel appliances, updated bathrooms, new vinyl plank flooring, fresh paint, and new windows, placing it in mint, move-in ready condition.
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.
The CCR zoning allows for a wide range of high-density uses including retail, medical offices, restaurants, or structures up to 50 feet high, offering massive upside for investors and developers.
Ideally situated within walking distance to Old Town Murrieta and minutes from the 15 freeway and renowned wineries, ensuring high visibility and consistent demand for both commercial and short-term rental use.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1559. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The list price is significantly influenced by the land's commercial potential rather than the current residential structure, which may pose a challenge for traditional residential financing or buyers.
Maximizing the lot's utility requires navigating specific setbacks, a 20% landscaping requirement, and parking regulations, which could limit the total buildable footprint for certain commercial uses.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,800 | 2,253 | 28% |
| Lot Size | 101,930 | 7,405 | 90% |
| Price | $1.60M | $700.0K | 91% |
| Price per sq ft | $888 | $326 | 99% |
| Built year | 1973 | 1997 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 152 | 2% |
May 31, 2026
$1,598,000
Initial Listing
Aug 8, 2019
$455,000
Public Record
Jun 14, 2006
$1,285,000
Public Record