30550 Stern Drive, Menifee, California 92584, Menifee, 92584 - 4 bed, 2 bath
30550 Stern Drive
Menifee, California 92584
Property Price
SUMMARY
Analysis of 30550 Stern Drive, Menifee, California 92584 reveals a Fairly Priced Property with a current list price of $1,000,000 aligned with the estimated $1,000,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Menifee 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30550 Stern Drive Subject | $1,000,000* List Price | 4 | 2 | 1,944 | $514 | - |
A 27321 La Piedra Road Active | $1,200,000 List Price | 3 | 2 | 2,016 | $595 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 2002, underwent a remodel in 2013 and had its AC and ducting replaced in 2020, with the exterior recently painted. These updates, particularly the 2013 remodel (11 years ago) and the 2020 AC replacement (4 years ago), indicate a well-maintained home with functional major systems within their expected lifespan, aligning with 'Good' condition criteria. While the lack of interior images prevents a detailed assessment of kitchen and bathroom styles and features, the 'remodeled' status suggests they are not original. The property appears move-in ready with no immediate major renovations required.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 27878, living area = 1944.
- Strategic Development Location
Corner lot within Menifee's Designated Community Core and Economic Development Corridor, offering significant mixed-use and commercial development potential.
- High Visibility & Dual Access
Boasts 236 feet of frontage on a high-traffic thoroughfare (La Piedra Road) and approved access from both Stern and La Piedra, ensuring optimal exposure.
CONSRISKS & DEFICIENCIES
- Complex Development Approval
Realizing the full development potential requires navigating city approval processes and parameters, which can be time-consuming and involve significant planning and investment.
- Manufactured Home Structure
The existing primary structure is a manufactured home, which, despite being well-maintained, may present different perceptions or financing challenges compared to a traditional site-built property for a million-dollar asset.
- Tenant Occupancy & Buyer Due Diligence
Currently tenant-occupied, which may impact immediate possession or redevelopment plans, and explicitly requires the buyer to verify all information, indicating a need for extensive due diligence.
About 30550 Stern Drive
RARE OPPORTUNITY to own a .64 Acre corner lot in Menifee’s Designated Community Core and Economic Development Corridor. This property has development potential & Mixed Use potential with highly desirable frontage (236 Ft) on La Piedra Road, an extensively traveled West - East Thoroughfare that runs parallel with Newport Rd to the south of it. The traffic volume creates optimal conditions for High Visibility! This parcel has approved access on both Stern and La Piedra in addition to all utilities accessible (City Water, Electricity, Internet, Phone) on site and immediately adjacent to it is Sewer & Natural Gas in La Piedra Rd. Menifee’s Town Center is walking distance as well as several schools, shopping centers, parks and restaurants. The Menifee Justice center is within a few blocks of this property along with the future City Hall, Police Department, Central Park and existing Fairfield Inn. & Suites. This property would be an Ideal location for any business venture you can envision. Some examples with city approval might include: Court Services, Mediators, Law Firm, Paralegals, Commercial, Retail space with loft apartments above, Small individual businesses, strip center, industrial space or even an Assisted living facility. The possibilities are endless and only bound by your imagination and development parameters. BONUS! There is an existing 1,944 Sqft. 4 Bedroom + Den, 2 bath Manufactured Home on a 433A permanent Foundation built in 2002 with an oversized 2 car (20x24) attached garage! Remodeled in 2013, air conditioner and ducting new in 2020, upgraded pier and earthquake strapping system beneath home, fully privacy fenced backyard, recently painted exterior, automatic irrigation system in front, front landscaping, and front horse rail fencing. Don’t miss your chance to own such a unique property with so many options! Purchase to live in and run your home business, develop the property into your commercial/industrial/retail/residential vision or hold for investment! Great rental history! Buyer to verify all information. Do not disturb tenants! Surrounding properties 30525 Old Windmill rd, 30581 Old Windmill rd, 30620 Old Windmill rd, 30640 Old Windmill rd & 30645 Old Windmill rd are listed for sale as well.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 27,878 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,944 | 2,320.5 | 29% |
| Lot Size | 27,878 | 7,405 | 96% |
| Price | $1.00M | $623.7K | 98% |
| Price per sq ft | $514 | $271 | 99% |
| Built year | 2002 | 2007 | 28% |
| HOA | $0 | $81 | 24% |
| Days on market | 394 | 178 | 99% |
Pricing History
Listed for Sale
Feb 6, 2025
$1,000,000
Initial Listing