Mcelwain, Murrieta, CA 92562

$2,750,000
List Price
$2,750,000
Price Change
▼ $250,000 1654070836
MLS#
SW21000937
Status
ACTIVE
Type
Land

Property Description

Located W/N desirable fast growing path of progress in a developing area.Two separate parcels offered totaling 4.84 Acres currently zoned for up to 48 single family 2 (SFR-2) detached and attached residential units in Central Murrietas key SFR and multi-family growth area.The area's prime undeveloped and developable property with views over adjacent regional retail center including Super Target, Tractor Supply, Starbucks, BofA, nearby CVS and restaurants. Easy access to I-215 Clinton Keith Exits, Vista Murrieta High School and Linnell Overpass to Loma Linda Hospital. SF-2 Zone currently allows 5.1 to 10.0 units/ac. Lot sizes 5,000+ sf. or clustered with open space.Multi-family 1 (MF-1) flats or townhouses permitted uses. Assisted Living/skilled Nursing and other Child/Adult Care Facilities allowed with Conditional Use Permits.APN 392-260009 is 2.45 acres and APN 392-260-010 is 2.39 acres. McElwain is designated as MAJOR Roadway connecting to Keller Rd in General Plan Circulation Element. Nearly 600 feet of frontage on McElwain Rd, directly across from Target and Tractor Supply. Key ongoing projects and infrastructure improvements make this fast-growing area more desirable including: 1215 widening, Scott Rd & Keller Road 1-215 Interchanges to accommodate Kaiser Medical Services and Hospital, ext of Clinton Keith east to Winchester (CA 79N) extension of Whitewood from Clinton Keith to Keller Road. Adjacent properties to NO and NE are now zoned Multi-Family 2, 15.01-18 du/ac.

Additional Information

Pool
Yes

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Calculator source: Real Geeks

Courtesy of Coldwell Banker Realty, Nancy Risen.