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30550 Stern Drive, Menifee, California 92584, Menifee, 92584 - 4 bed, 2 bath

30550 Stern Drive, Menifee, California 92584 home-pic-0
ACTIVE$1,000,000
30550 Stern Drive, Menifee, California 92584
4Beds
2Baths
1,944Sqft
27,878Lot
Year Built
2002
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
PW25026503
Home ConditionGood
Features
Good View: Hills
Patio
ViewHills

About this home

We found 3 Cons,5 Pros. Rank: price - $1.00M(97th), sqft - 1944(30th), beds - 4(50th), baths - 2(37th).

RARE OPPORTUNITY to own a .64 Acre corner lot in Menifee’s Designated Community Core and Economic Development Corridor. This property has development potential & Mixed Use potential with highly desirable frontage (236 Ft) on La Piedra Road, an extensively traveled West - East Thoroughfare that runs parallel with Newport Rd to the south of it. The traffic volume creates optimal conditions for High Visibility! This parcel has approved access on both Stern and La Piedra in addition to all utilities accessible (City Water, Electricity, Internet, Phone) on site and immediately adjacent to it is Sewer & Natural Gas in La Piedra Rd. Menifee’s Town Center is walking distance as well as several schools, shopping centers, parks and restaurants. The Menifee Justice center is within a few blocks of this property along with the future City Hall, Police Department, Central Park and existing Fairfield Inn. & Suites. This property would be an Ideal location for any business venture you can envision. Some examples with city approval might include: Court Services, Mediators, Law Firm, Paralegals, Commercial, Retail space with loft apartments above, Small individual businesses, strip center, industrial space or even an Assisted living facility. The possibilities are endless and only bound by your imagination and development parameters. BONUS! There is an existing 1,944 Sqft. 4 Bedroom + Den, 2 bath Manufactured Home on a 433A permanent Foundation built in 2002 with an oversized 2 car (20x24) attached garage! Remodeled in 2013, air conditioner and ducting new in 2020, upgraded pier and earthquake strapping system beneath home, fully privacy fenced backyard, recently painted exterior, automatic irrigation system in front, front landscaping, and front horse rail fencing. Don’t miss your chance to own such a unique property with so many options! Purchase to live in and run your home business, develop the property into your commercial/industrial/retail/residential vision or hold for investment! Great rental history! Buyer to verify all information. Do not disturb tenants! Surrounding properties 30525 Old Windmill rd, 30581 Old Windmill rd, 30620 Old Windmill rd, 30640 Old Windmill rd & 30645 Old Windmill rd are listed for sale as well.

Price History

Date
Event
Price
02/06/25
$1,000,000
Condition Rating
Good
The property, built in 2002, underwent a significant remodel in 2013 (11 years ago), which aligns with the 'Good' category's renovation timeframe (5-15 years). Key systems like the air conditioner and ducting were replaced in 2020 (4 years ago), indicating recent and proactive maintenance. The exterior has been recently painted, and structural upgrades (pier and earthquake strapping) are noted. While interior images of the kitchen and bathrooms are not provided, the 2013 remodel implies these areas would be functional, updated to a reasonably modern standard, and not require immediate renovation.
Pros & Cons

Pros

Exceptional Development Potential: Located in Menifee's Designated Community Core and Economic Development Corridor, this .64-acre corner lot offers significant mixed-use and commercial development opportunities.
High Visibility & Strategic Location: Boasts 236 feet of frontage on a heavily trafficked thoroughfare (La Piedra Road) and is within walking distance to Menifee's Town Center, civic facilities, schools, shopping, and restaurants.
Comprehensive Utility & Dual Access: All essential utilities (water, electricity, internet, phone) are on-site, with sewer and natural gas immediately adjacent, complemented by approved access points on both Stern Drive and La Piedra Road.
Versatile Commercial & Residential Applications: The property is suitable for a wide array of ventures, including commercial, retail, industrial, office, and assisted living facilities, offering immense flexibility for investors and developers.
Existing Income-Generating Asset: Includes a well-maintained 4-bedroom, 2-bath manufactured home (on a permanent foundation) with recent upgrades (new AC 2020, remodeled 2013) and a proven rental history, providing immediate income or a temporary residence.

Cons

Tenant Occupancy: The property is currently tenant-occupied, requiring coordination for showings and potentially delaying immediate possession or development plans for an owner-user.
Manufactured Home Structure: While updated, the existing residential structure is a manufactured home, which may influence financing options or appeal to a narrower segment of residential buyers compared to traditional construction.
Development Subject to City Approval: Realizing the full development potential requires navigating city approval processes and adhering to specific development parameters, which can introduce additional time, cost, and uncertainty.

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