35780 Arendt Lane, Murrieta, California 92563, Murrieta, 92563 - 3 bed, 2 bath
Loading property details...
Murrieta, California 92563
This Strategic Multi-Family Development Site is listed at $3,250,000, positioned slightly above the $3,110,385 Fair Market Value to reflect its significant development premium and high-density utility. The property carries a Condition Rating of 4, featuring an existing 1983 residence ideal for a construction office or rental income during the entitlement phase. Spanning 2.12 acres with RO2 Zoning (6-10 units/acre) and a Valley View, the site is strategically located near Vista Murrieta High School and major retail hubs. This high-density opportunity is tailored for Experienced Developers or Large-Scale Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35780 Arendt Lane Subject | $3,250,000* List Price | 3 | 2 | 1,400 | $2,222 | - |
A 35960 Arendt Lane Active | $2,850,000 List Price | 3 | 2 | 1,678 | $1,698 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this property is 41 years old with no apparent major renovations since construction. The interior images reveal significantly outdated features, including an older kitchen with wood cabinets, a dated bathroom vanity and fixtures, and older flooring (tile/linoleum and carpet). While the description states it 'could be lived in,' indicating functionality, it clearly requires substantial cosmetic updates and likely system upgrades to meet modern standards. It fits the 'fair' criteria of being aged, maintained through regular upkeep (implied by being livable), but with major components showing signs of being outdated and requiring significant updates.
2.12 acres zoned RO2 (6-10 units/acre) explicitly targets multi-family development, offering significant density potential in a rapidly growing area.
Positioned in the 'HEART of current developments' with a new traffic signal and expanded road access, indicating high future value and demand for multi-family units.
Upcoming paving of Arendt Lane from Clinton Keith Rd by a nearby developer will significantly enhance access and reduce future development costs.
The $3.25 million list price represents a substantial initial outlay, requiring a well-capitalized developer or investor.
Realizing the property's full potential requires navigating a multi-family development process, including planning, permitting, and construction, which is time-consuming and complex.
The property's nature as a development site at a high price point limits the potential buyer pool primarily to experienced developers and large-scale investors.
INVESTMENT OPPORTUNITY !! ATTENTION DEVELOPERS !! MURRIETA near shopping at Costco, Vista Murrieta High School and EZ Access to Hwy 215. 2.12 ACRES in the HEART of current developments of Multi-Family Dwellings! LOCATION, LOCATION, LOCATION! JUST 4 LOTS NORTH FROM THE NEW TRAFFIC SIGNAL ON THE EXPANDED CLINTON KEITH ROAD X ARENDT LANE. BETWEEN SIGNALS AT WHITEWOOD AND MENIFEE RD. New Developments all around the area in progress and in Murrieta Planning Dept awaiting approval. Current Developer nearby will be paving access from Clinton Keith Rd onto Arendt Lane. There is a Custom Home on the property that could be lived in or used for Construction Office ? or Rental ? Or ?, while you are in Planning. Don't let this one get away from you!! Nearby properties are also available. Currently zoned RO2, for 6-10 Units per ac
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 29% |
| Baths | 2.0 | 3.0 | 18% |
| Square foot | 1,400 | 2,503.5 | 4% |
| Lot Size | 92,347 | 6,970 | 99% |
| Price | $3.25M | $700.0K | 99% |
| Price per sq ft | $2.3K | $289 | 99% |
| Built year | 1983 | 2003 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 250 | 180 | 83% |
Aug 15, 2025
$3,250,000
Initial Listing