25189 Monroe Avenue, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 3 bath
ACTIVE$3,000,000
25189 Monroe Avenue, Murrieta, California 92562
4Beds
3Baths
2,046Sqft
135,036Lot
Year Built
1986
Close
-
List price
$3M
Original List price
$2M
Price/Sqft
$1,466
HOA
-
Days on market
-
Sold On
-
MLS number
SW23134607
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $3.00M(50th), sqft - 2046(50th), beds - 4(50th), baths - 3(50th).
This flat 3.10 acres runs adjacent to the North bound 15 FRWY. The city of Murrieta is centrally located between Orange County, LA county and San Diego county making it an ideal location for development. Murrieta has impressive expansion in the works and this property is right in the path of development. With current cash flow from the 4 bd/ 3 bth house and the advertisement Billboard, this would also be a great land hold investment. There is plenty of room to park work trucks for a construction yard with quick access to the freeway. The home was used for an office previously but is currently rented out for $3,300 per month. Lots of opportunity with this great lot!
Price History
Date
Event
Price
08/07/25
Price Change
$3,000,000
07/21/23
Listing
$1,999,999
Condition Rating
Fair
The property, built in 1986, is 38 years old. While the kitchen features updated stainless steel appliances, granite countertops, and modern recessed lighting, suggesting a significant renovation in that area, the bathrooms appear less recently updated with more traditional fixtures and vanities. The consistent tile flooring throughout is a positive, indicating good maintenance. The home is clearly move-in ready and functional, as it's currently rented, but the overall style and age of some components align with a property that is aged but maintained through regular upkeep and occasional updates, rather than a comprehensive recent renovation across all areas. It fits the 'Fair' criteria of being built over 20 years ago, with some renovations likely done between 15-30 years ago, and showing signs of being outdated in some areas despite being functional.
Pros & Cons
Pros
Exceptional Development Potential: This flat 3.10-acre lot is strategically located in Murrieta, a city experiencing significant expansion, and is positioned directly in the path of future development, making it ideal for various projects.
Strategic Freeway Frontage & Access: Direct adjacency to the Northbound I-15 Freeway provides high visibility and immediate access, which is crucial for commercial, industrial, or mixed-use development and logistical operations.
Current Income Generation: The property offers immediate cash flow from a rented 4-bedroom, 3-bathroom house ($3,300/month) and an existing advertisement billboard, providing a holding income during potential development planning.
Flexible Mixed-Use Zoning: Designated as 'Mixed Use,' this property allows for a wide range of potential uses beyond traditional residential, maximizing investment opportunities and future value.
Large, Usable Lot Size: The expansive 3.10-acre (135,036 sqft) flat lot provides ample space for various development projects, including potential commercial yards or multi-unit residential, offering significant versatility.
Cons
Age of Existing Structure: The residential home, built in 1986, is an older structure that may require significant updates or could be a candidate for demolition depending on the buyer's development plans, adding potential costs.
Freeway Noise & Environmental Impact: Direct proximity to a major freeway (I-15) can lead to considerable noise pollution and potential air quality concerns, which might impact the desirability for certain residential or commercial uses.
Significant Price Appreciation: The current list price of $3,000,000 represents a substantial increase from its original list price of approximately $2,000,000, which may warrant careful due diligence regarding market valuation and recent comparable sales.