24771 Washington Avenue, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
24771 Washington Avenue
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24771 Washington Avenue, Murrieta, California 92562 is currently available with a list price of $875,000. 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.
Built in 1903, this property has been 'rehabbed to modern day expectations' as stated in the description, which is evident in the updated kitchen with stainless steel appliances, modern cabinetry, and countertops, and a recently renovated bathroom featuring contemporary fixtures and tiling. While some areas retain their historic charm with older wood floors and paneling, the key functional spaces are move-in ready and show significant recent updates. The property appears well-maintained overall, aligning with the 'Good' criteria for a property extensively renovated within the last 5-15 years, despite its original build year.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm & Modern Updates
Built in 1903, the property has been rehabbed to modern expectations while retaining its original charm and historical character, offering a unique blend of old and new.
- Prime Downtown Location
Situated in Historical Downtown Murrieta, this property offers excellent visibility and strategic positioning for various residential, commercial, or mixed-use ventures.
- Expansive & Divisible Lot
The substantial 13,940 square foot lot, comprised of two separate APNs, provides significant flexibility for expansion, potential subdivision, or diverse development opportunities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1394, other record lot size in square feet = 6969.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1394, living area = 1982.
- Uncertainty Regarding Permitted Use
The explicit instruction for buyers to perform their own due diligence regarding 'intended use with City of Murrieta' suggests potential complexities or restrictions for commercial or mixed-use applications, which may require additional investigation and approvals.
About 24771 Washington Avenue
OPPORTUNITY IS KNOCKING: You must see to experience and realize the possibilities. Gorgeous property situated in Historical Downtown Murrieta; the opportunities are only limited by your imagination. Built in 1903, this home has been rehabbed to modern day expectations, leaving the charm and history intact. 2 separate apn’s make up the 13,940 square foot lot size. The building is 1982 Square Feet, 3 rooms upstairs, 2 balconies, downstairs has several separate entertaining rooms, kitchen, bath dining, plus, plus, plus. The property has a metal storage/shop approx. 30X50 and completely fenced. What a venue. Buyers to perform their own due diligence regarding intended use with City of Murrieta.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1903
- Lot Size
- 1,394 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 | 1,982 | 2,447 | 30% |
| Lot Size | 1,394 | 7,840 | 1% |
| Price | $875.0K | $715.0K | 73% |
| Price per sq ft | $441 | $316 | 87% |
| Built year | 1903 | 1997 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 184 | 7% |
Pricing History
Listed for Sale
Dec 24, 2025
$875,000
Initial Listing