31895 Nicolas, Temecula, California 92591, Temecula, 92591 - 3 bed, 2 bath
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Temecula, California 92591
Analysis of 31895 Nicolas, Temecula, California 92591 is currently available with a list price of $1,899,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Temecula Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1979 (47 years old) with no mentioned renovations to kitchen, baths, or systems. The listing focuses on land value and the 'opportunity to develop your dream home,' suggesting the existing structure is outdated and requires a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 168142, living area = 1320.
The expansive 3.86-acre flat parcel is situated in the 'path of progress' within the Nicolas Ranch development zone, offering limitless opportunities for custom residential development or equity growth.
The property benefits from the newly completed Nicolas Road extension and city-built bridle paths, providing modern connectivity and improved commuter routes while maintaining rural charm.
The $2.399M list price is heavily weighted toward land value and future potential, as the existing 1,320 sqft home built in 1979 may require significant updates or replacement to match the investment level.
The sale is subject to the seller finding a replacement property and requires the buyer to assume an existing solar lease, which may introduce complexity and timing risks to the closing process.
This 3.86-acre property with a charming 3 bedroom and 2 bath ranch home is positioned in a "path of progress", benefiting from both rural tranquility and recent city-led improvements. The newly completed Nicolas Road extension provides a seamless safe route for cyclists and commuters. The property is served by the Temecula Valley Unified School District. Major retailers are a short drive away. As of early 2026, major infrastructural milestones have significantly enhanced both the property's accessibility and its long-term investment profile. The area is part of the Nicolas Ranch development zone, which has seen nearly 20 years of planning culminate in the 2026 road extension to support continued residential growth. This property offers limitless opportunities to develop your dream home, adjacent to modern infrastructure in one of Temecula's most promising areas. A rare investment opportunity to build equity quickly on a flat parcel that bridges country living with city proximity. Adjacent to newly paved roads, new development, and a city-built bridle path. Buyer is to assume the current solar lease agreement. Sale is subject to seller finding and closing on a replacement property. Property being sold as is. Possession COE+3 days
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 3.0 | 22% |
| Square foot | 1,320 | 2,207 | 7% |
| Lot Size | 168,142 | 7,031 | 99% |
| Price | $1.90M | $780.0K | 97% |
| Price per sq ft | $1.4K | $370 | 99% |
| Built year | 1979 | 2000 | 5% |
| HOA | $0 | $137 | 23% |
| Days on market | 38 | 154 | 2% |
Jun 5, 2026
$1,899,000
$2,399,000
-21% Price Drop
Initial Listing
Apr 29, 2026
$2,399,000
Initial Listing
May 16, 2024
$950,000
Public Record
Jul 21, 2014
$300,000
Public Record