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$245,500 Just Listed
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Property Description
This is the land play small builders have been waiting for in Menifee. Two legal parcels totaling 0.50 acres (21,780 SF), zoned High Density Residential (HDR) per City of Menifee Development Code §9.130.020.F - supporting up to 10-12 units depending on structure type and entitlement. Menifee is one of Southern California's fastest-growing cities (110,000+ residents, +32% since 2010). 2BD rents at $2,100-$2,400/mo. Multifamily vacancy sub-5%. Strategically positioned near I-215 (25 mi south of Riverside, 15 mi north of Temecula), walking distance to elementary school, park, shopping is minutes away, and Menifee employment nodes. Two parcels (APN 329-182-002/ 15,246 sq ft lot and APN 329-182-001/6,534 sq ft lot) may be merged for a unified site plan or developed independently for phased financing. Buyer to verify zoning, entitlements, and all development feasibility with City of Menifee Planning Dept. The fire-damaged structure has been board-secured, lot has been cleared of vegetation, and it is ready for your architect and civil engineer. No HOA. Public sewer and water are already connected to the site, a significant cost advantage over raw land. Not ready to build that is ok just hold on to it until the time is right. Don't miss out on this great opportunity. Professional pictures and aerial photos forth coming.
Full Property Details
Full Property Details for 27987 Jefferson
General
- Price: $245,500
- Status: Active
- Type: Commercial Multi-Family
- Source: MRMLS
- MLS ID: SW26153260
- Updated: 7/14/2026
- Days on Market: 2 days
- Added to Site: 3 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Riverside
- Driving Directions: Hwy 74 to Antelope Ave. to Jefferson Ave.
Utilities
- Utility Description: Sewer Connected
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1821
- Square Feet: 1,821
- Current Bldg. Use: Multi-Family
Lot Features
- Lot Size (Acres): 0.5
- Useable Acres: .5
- Lot Size (Sq. Ft.): 21,780
- Lot Size Source: Assessor
- Fence: Yes
- Lot Features: 6-10 Units/Acre
- Lot Description: 6-10 Units/Acre
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $134
Disclosures and Reports
- Property ID: 329182002
Listed by eXp Realty of California, Inc., CeciliaMutia
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Schools
Schools serving 27987 Jefferson
School District:Romoland Elementary School District
| Name | Grades | Distance |
|---|---|---|
Romoland Elementary School 25890 Antelope Road, Romoland, CA 92585 | K-5 | 0.2 mi |
Ethan A Chase Middle School 28100 Calm Horizon Drive, Menifee, CA 92585 | 6-8 | 3 mi |
Heritage High School 26001 Briggs Road, Romoland, CA 92585 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 27987 Jefferson
Date
Details
Price
Change
Source
7/13/2026
Listed
$245,500
6.74%
MLS
4/12/2005
Sold
$230,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 27987 Jefferson
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,540
—
$236,941
2%
2024
$2,541
—
$232,296
2%
2023
$2,538
1%
$227,742
2%
2022
$2,505
2%
$223,277
2%
2021
$2,456
1%
$218,900
1%
2020
$2,425
2%
$216,656
2%
2019
$2,371
5%
$212,409
2%
2018
$2,263
6%
$208,245
6%
2017
$2,141
16%
$196,000
17%
2016
$1,847
3%
$168,000
4%
2015
$1,786
37%
$162,000
36%
2014
$1,306
-38%
$119,000
-38%
2013
$2,102
—
$192,423
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 27987 Jefferson
27987 Jefferson, Menifee, CA 92585 (MLS# SW26153260) is a Commercial Multi-Family property. 27987 Jefferson is currently listed for $245,500 and was received on July 13, 2026. Want to learn more about 27987 Jefferson? Do you have questions about finding other Commercial Multi-Family real estate for sale in Menifee? You can browse all Menifee real estate or contact a Coldwell Banker agent to request more information.

