27987 Jefferson, Menifee, California 92585, Menifee, 92585 - 3 bed, 1 bath

27987 Jefferson, Menifee, California 92585 home-pic-0
ACTIVE$215,900
27987 Jefferson, Menifee, California 92585
3Beds
1Bath
1,821Sqft
15,246Lot
Year Built
1936
Close
-
List price
$216K
Original List price
$216K
Price/Sqft
$119
HOA
-
Days on market
-
Sold On
-
MLS number
SW25228165
Home ConditionTear down
Features
Good View: None
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $215.9K(1th), sqft - 1821(29th), beds - 3(44th), baths - 1(1th).

Investor Special – Corner Lot with Additional Parcel in Menifee! Calling all investors, contractors, and visionaries! This unique property offers a rare opportunity to own a corner home, includes an addition lot for a total of half an acre! The property sits in one of Southern California’s fastest-growing cities. The residence has suffered fire damage and requires renovation or rebuild, making it the perfect blank canvas for your next project. Situated on a spacious lot with two parcels, this property offers endless potential—whether you’re looking to restore, rebuild, or reimagine. Its prime location near schools, shopping, and the I-215 freeway ensures strong long-term value and future resale demand. With Menifee’s steady growth, this site is ideal for a fix-and-flip, buy-and-hold, or custom redevelopment. Highlights: Home ready for investor vision Corner lot + additional parcel = over half an acre! additional lot APN #329-182-001 Close to schools, shopping, and highway access Located in a rapidly growing Inland Empire city Great potential for renovation, rebuild, or expansion Bring your creativity, tools, and vision to transform this property into its next success story. Properties with this much land, visibility, and potential are hard to find—don’t miss this chance to secure an outstanding investment in Menifee!

Price History

Date
Event
Price
09/30/25
Listing
$215,900
Condition Rating
Tear down

The property, built in 1936, has suffered extensive fire damage, as explicitly stated in the listing and clearly visible in the images (damaged roof, exposed framing). It is described as requiring 'renovation or rebuild,' indicating it is currently unlivable and the structure is beyond economical repair. The property's value is based solely on the land and its potential 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 Land & Dual Parcels: The property includes a corner lot and an additional parcel, totaling over half an acre, offering substantial space for development or expansion.
Prime Location & Accessibility: Situated near schools, shopping centers, and the I-215 freeway, ensuring convenient access to amenities and transportation.
High Growth Market: Located in Menifee, one of Southern California's fastest-growing cities, indicating strong potential for long-term value appreciation and resale demand.
Investor-Ready Opportunity: Explicitly marketed as an 'Investor Special' and a 'blank canvas,' ideal for fix-and-flip, buy-and-hold, or custom redevelopment projects.
Corner Lot Advantage: The corner lot position provides enhanced visibility, easier access, and potential for more flexible design options for future development.

Cons

Extensive Fire Damage: The existing residence has suffered significant fire damage, rendering it uninhabitable and necessitating either a complete renovation or demolition and rebuild.
Substantial Capital Investment Required: Due to the fire damage and the need for a full overhaul, a significant capital investment will be required beyond the initial purchase price.
Time-Intensive Project: Transforming this property will be a time-consuming endeavor, involving extensive planning, permitting, and construction, which may deter buyers seeking immediate occupancy.

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