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25210 Catalina Street, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath

25210 Catalina Street, Murrieta, California 92562 home-pic-0
ACTIVE$878,157
25210 Catalina Street, Murrieta, California 92562
3Beds
2Baths
1,680Sqft
41,817Lot
Year Built
1986
Close
-
List price
$878K
Original List price
$878K
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
SW25097548
Home ConditionPoor
Features
Good View: City Lights, Hills
Deck
ViewCity Lights,Hills

About this home

We found 3 Cons,5 Pros. Rank: price - $878.2K(50th), sqft - 1680(50th), beds - 3(50th), baths - 2(50th).

Great opportunity property for sale. This property is in a "Transit Oriented High Density Overlay Property". Locate in the middle of the of the two major freeways I-15 and 215 Fwy, new multi-units apartments are being developed all around this beautiful expanding community. Please note there are a total of 4 contiguous separate parcels that total +/- 3.88 acres sold as an assemblage a great opportunity to acquire all parcels owned by the different owner’s located contiguous by each other giving the developer more land to acquire for their projects. Parcel's included in the assemblage are the following: APN#949-180-021, APN#949-180-019-APN-#949-180-018. VALUE IS ON THE LAND BEING SOLD AS-IS, Each parcel has a residence that could be utilize for income property while waiting to get developed. Buyer's and Broker to verify all information through due diligence.

Price History

Date
Event
Price
05/02/25
Listing
$878,157
Condition Rating
Poor
The property was built in 1986, making it 38 years old. The listing explicitly states, 'VALUE IS ON THE LAND BEING SOLD AS-IS' and that existing structures 'may require demolition or significant renovation.' This indicates the current residence is not considered a primary asset and is likely in poor condition, requiring substantial repairs and rehabilitation. The lack of any mentioned recent renovations, coupled with the seller's emphasis on land value, aligns with the 'Poor' condition criteria, suggesting significant defects or outdated systems that necessitate major work.
Pros & Cons

Pros

High-Density Development Zoning: The property is designated as a 'Transit Oriented High Density Overlay Property,' explicitly allowing for significant multi-unit development potential.
Prime Strategic Location: Centrally located between major freeways I-15 and I-215, offering excellent accessibility and visibility for future developments in an expanding community.
Assemblage Potential: Opportunity to acquire additional contiguous parcels, potentially totaling +/- 3.88 acres, providing a substantial land area for large-scale projects.
Income-Generating Holding Property: The existing residence on the parcel can be utilized for income generation, providing holding revenue during the development planning and approval phases.
Market Growth & Development Activity: Situated in an expanding community with new multi-unit apartments actively being developed nearby, indicating strong market demand and growth potential.

Cons

As-Is Condition & Land Value Focus: The property is sold 'as-is' with the primary value attributed to the land, suggesting existing structures may require demolition or significant renovation, adding to development costs.
Complexity of Assemblage Acquisition: While an opportunity, acquiring additional contiguous parcels from 'different owner’s' can be a complex and time-consuming process, requiring extensive negotiation and coordination.
Extensive Due Diligence Required: The complex nature of the property, including its specific zoning, assemblage potential, and 'as-is' sale, necessitates thorough and potentially costly due diligence by the buyer.

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