24643 Leafwood Drive, Murrieta, California 92562, Murrieta, 92562 - 5 bed, 3 bath
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Murrieta, California 92562
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $619,000—positioned well below the $628,072 Fair Market Value by 1%. This valuation gap offers $9,072 in Instant Equity. With a Condition Rating of 3, the home features updated kitchen and bath finishes. The property’s ADU/JADU potential and proven rental history make it a prime asset for Buy-and-Hold Investors or first-time buyers seeking to leverage rental income in a top-rated school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24643 Leafwood Drive Subject | $619,000* List Price | 5 | 3 | 1,778 | $353 | - |
A 39900 Quigley Rd Sold | $585,000 | 4 | 3 | 1,665 | $351 | 0.3 mi |
B 24499 Leafwood Drive Sold | $630,000 | 3 | 3 | 1,577 | $399 | 0.2 mi |
C 39495 Seven Oaks Sold | $650,000 | 4 | 3 | 1,853 | $351 | 0.3 mi |
D 24808 Half Dome Court Sold | $625,000 | 4 | 3 | 1,853 | $337 | 0.4 mi |
E 24546 New Haven Dr Sold | $630,000 | 3 | 3 | 1,577 | $399 | 0.2 mi |
F 39710 Almansa Court Sold | $680,000 | 4 | 3 | 1,744 | $390 | 0.9 mi |
G 24643 Leafwood Dr Active | $619,999 List Price | 4 | 3 | 1,778 | $349 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989 but shows evidence of a 5-15 year renovation cycle. The kitchen has been updated with stone countertops and white cabinetry, and the bathrooms feature modern fixtures and clean finishes. The home is move-in ready with neutral paint, updated lighting, and well-maintained flooring, exceeding the 'Fair' category despite its chronological age.
The property boasts a proven rental history of approximately $7,500 per month and a spacious lot with ADU/JADU potential, offering significant upside for cash flow and long-term ROI.
Situated in a top-rated school district near Rail Ranch Elementary and Murrieta Mesa High, the home is perfectly positioned for families and offers convenient freeway access for commuters.
With a 5-bedroom, 3-bathroom configuration at a competitive price point, this home provides rare versatility for large families or investors looking to maximize occupancy in a growing market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1989, the property may require near-term capital expenditures for major systems such as the roof or HVAC to meet modern efficiency standards.
Fitting 5 bedrooms into 1,778 square feet suggests smaller individual room sizes and potentially cramped common areas compared to more modern, spacious floor plans.
Welcome to 24643 Leafwood Drive, a Beautifully Maintained Home Offering the Perfect Blend of Comfort, Versatility, and Long-Term Investment Potential in one of the Fastest-Growing Communities! Perfect for 1st Time Homebuyer, Savvy Investor, or searching for your next Short-term or Mid-term Rental opportunity, this property delivers exceptional value and upside. Strategically situated by Top-Rated Schools, and Family-Friendly Atmosphere, near shopping, dining, parks, and convenient freeway access for commuters. Murrieta continues to experience impressive population and economic growth, making it one Riverside's most sought-after housing markets. Exceptional Investment Potential!This property has already demonstrated strong rental performance ($7500k per month roughly) and offers exciting opportunities for future expansion. The spacious lot provides excellent potential for an ADU and/or JADU, creating the ability to generate additional rental income, multi-generational living, or maximize long-term ROI. With increasing demand for quality housing and flexible living spaces, opportunities like this are becoming harder to find. Proven income-producing potential with strong rental history Opportunity to add an ADU/JADU for additional cash flow and value creation. Why Now? With interest rates beginning to trend downward, buyer demand is expected to accelerate quickly. Smart buyers are positioning themselves ahead of the next wave of competition while affordability improves. Opportunities with this combination of location, flexibility, and investment potential do not last long!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 75% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,778 | 2,230 | 28% |
| Lot Size | - | 7,405 | 2% |
| Price | $619.0K | $700.0K | 28% |
| Price per sq ft | $348 | $327 | 61% |
| Built year | 1989 | 1997 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 153 | 2% |
May 28, 2026
$619,000
Initial Listing
Jul 22, 2022
$610,000
Public Record
Apr 5, 2021
$485,000
Public Record
Jul 6, 2018
$385,000
Public Record
Jun 16, 2006
$410,000
Public Record
Aug 11, 1994
$136,500
Public Record