35960 Arendt Lane, Murrieta, California 92563, Murrieta, 92563 - 3 bed, 2 bath
ACTIVE$2,850,000
35960 Arendt Lane, Murrieta, California 92563
3Beds
2Baths
1,678Sqft
86,684Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: Zoned RO2 for 6-10 units per acre on a 1.99-acre lot, explicitly marketed as an investment opportunity for multi-family development.
Top Cons:
Substantial Capital Requirement: The $2.85 million list price represents a significant upfront investment, in addition to future development costs.
Compared to the nearby listings
Price:$2.85M vs avg $700.0K (+$2,150,000)100%
Size:1,678 sqft vs avg 2,584 sqft9%
Price/sqft:$1.7K vs avg $284100%
More Insights
Built in 1983 (42 years old).
Condition: The property was built in 1983, making it 41 years old. The MLS description heavily emphasizes the land's development potential and zoning, treating the existing 1678 sqft home as an incidental structure that 'could be lived in or used for Construction Office ? or Rental ?'. Crucially, there are no interior images provided for the house, which strongly suggests the interior is not a selling point and is likely very dated, in disrepair, or requires substantial rehabilitation. Without any evidence of recent renovations, a home of this age would typically have original or severely outdated systems, fixtures, and finishes, requiring significant investment to meet modern living standards. While not explicitly stated as unlivable (which would be 'tear-down'), the complete lack of interior presentation points to a condition that is far from move-in ready and likely needs extensive work.
Year Built
1983
Close
-
List price
$2.85M
Original List price
$2.85M
Price/Sqft
$1,698
HOA
-
Days on market
-
Sold On
-
MLS number
SW25184536
Home ConditionPoor
Features
Good View:
View
About this home
INVESTMENT OPPORTUNITY !! ATTENTION DEVELOPERS !! MURRIETA near shopping at Costco, Vista Murrieta High School and EZ Access to Hwy 215. 1.99 ACRES in the HEART of current developments of Multi-Family Dwellings! LOCATION, LOCATION, LOCATION! DIRECTLY ON THE CORNER WITH A NEW TRAFFIC SIGNAL ON THE EXPANDED CLINTON KEITH ROAD. ON THE CORNER OF ARENDT LANE X CLINTON KEITH. 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 the street directly in front of this property. 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 acre.
Condition Rating
Poor
The property was built in 1983, making it 41 years old. The MLS description heavily emphasizes the land's development potential and zoning, treating the existing 1678 sqft home as an incidental structure that 'could be lived in or used for Construction Office ? or Rental ?'. Crucially, there are no interior images provided for the house, which strongly suggests the interior is not a selling point and is likely very dated, in disrepair, or requires substantial rehabilitation. Without any evidence of recent renovations, a home of this age would typically have original or severely outdated systems, fixtures, and finishes, requiring significant investment to meet modern living standards. While not explicitly stated as unlivable (which would be 'tear-down'), the complete lack of interior presentation points to a condition that is far from move-in ready and likely needs extensive work.
Pros & Cons
Pros
Significant Development Potential: Zoned RO2 for 6-10 units per acre on a 1.99-acre lot, explicitly marketed as an investment opportunity for multi-family development.
Strategic Corner Location: Prime corner lot with a new traffic signal on the expanded Clinton Keith Road, ensuring high visibility and easy access within a developing area.
Large Acreage: Nearly 2 acres (1.99 acres) provides substantial land for a multi-unit project, maximizing development capacity.
Surrounding Infrastructure Growth: Located amidst ongoing new developments with planned street paving directly in front, indicating a rapidly improving and expanding infrastructure.
Interim Use Potential: Existing custom home offers immediate utility as a construction office, rental, or temporary residence during the planning and approval phases.
Cons
Substantial Capital Requirement: The $2.85 million list price represents a significant upfront investment, in addition to future development costs.
Development Process Complexity: Requires navigating potentially lengthy and complex planning department approvals and permits for multi-family construction.
Age of Existing Structure: The 1983-built home is older and likely requires demolition or extensive renovation for optimal integration into a new development, adding to project costs.