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27987 Jefferson Avenue, Menifee, California 92586, Menifee, 92586 - 3 bed, 1 bath

27987 Jefferson Avenue, Menifee, California 92586 home-pic-0
ACTIVE$215,900$1,821/sqft
27987 Jefferson Avenue, Menifee, California 92586
3Beds
1Bath
1,821Sqft
15,246Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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 = 15246, living area = 1821.
Top Cons:
Extensive Structural Damage: The existing 1936 structure has 'suffered significant fire damage and is best suited as a tear-down,' requiring immediate demolition costs and offering no immediate utility.

Compared to the nearby listings

Price:$215.9K vs avg $405.0K ($-189,100)1%
Size:1,821 sqft vs avg 1,404 sqft78%
Price/sqft:$119 vs avg $2871%

More Insights

Built in 1936 (90 years old).
Condition: The property was built in 1936 (over 50 years ago) and the listing explicitly states it has 'suffered significant fire damage and is best suited as a tear-down.' The images confirm extensive damage to the roof and exterior, rendering the structure unlivable and beyond repair, with its value based solely on the land for redevelopment.
Year Built
1936
Close
-
List price
$216K
Original List price
$216K
Price/Sqft
$119
HOA
-
Days on market
-
Sold On
-
MLS number
SW26002506
Home ConditionTear down
Features
Good View: None
View-

About this home

Investor alert!-2 LOTS for a total of half acre!! 27987 Jefferson Ave presents a rare redevelopment opportunity in the heart of Menifee, CA. This property consists of an older 3-bed, 1-bath structure (built in 1936) on a corner parcel, and the sale includes a second contiguous lot, combining for ½ acre of land — a highly attractive footprint in today’s market. The existing home has suffered significant fire damage and is best suited as a tear-down, providing a blank canvas for an investment project. With ample space(subject to local planning/entitlements), this property offers exceptional upside in one of Southern California’s fastest-growing communities. Strategically located near schools, shopping, parks, and quick access to the I-215 Corridor, this site supports strong long-term value and redevelopment demand. If you’re an investor or a builder with vision, this offering is a rare land play in Menifee.

M
Martha Robles
Listing Agent

Price History

Date
Event
Price
04/20/05
Sold
$230,000
Condition Rating
Tear down
The property was built in 1936 (over 50 years ago) and the listing explicitly states it has 'suffered significant fire damage and is best suited as a tear-down.' The images confirm extensive damage to the roof and exterior, rendering the structure unlivable and beyond repair, with its value based solely on the land for redevelopment.
Pros & Cons

Pros

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 = 15246, living area = 1821.
Significant Redevelopment Potential: The property consists of two contiguous lots totaling a half-acre, explicitly marketed as a 'rare redevelopment opportunity' and a 'blank canvas for an investment project,' ideal for builders or investors.
Strategic Location: Positioned near schools, shopping, parks, and offering quick access to the I-215 Corridor, enhancing its appeal and future value for any new development.
Growth Market: Located in Menifee, described as 'one of Southern California’s fastest-growing communities,' suggesting strong long-term value appreciation and demand for new housing.
Corner Parcel Advantage: Being on a corner parcel typically offers increased visibility, easier access, and potentially more flexible design options for future development.
Targeted Investment Opportunity: Clearly positioned as an 'Investor alert!' and a 'rare land play,' attracting a specific buyer demographic with the vision and capital for significant development.

Cons

Extensive Structural Damage: The existing 1936 structure has 'suffered significant fire damage and is best suited as a tear-down,' requiring immediate demolition costs and offering no immediate utility.
High Initial Investment Required: Beyond the purchase price, significant capital will be needed for demolition, permits, construction, and navigating local planning/entitlements, making it unsuitable for buyers seeking a move-in ready home.
No Immediate Income Potential: With the existing structure being a tear-down, the property offers no rental income or immediate occupancy, requiring a long-term investment horizon.
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