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Two-Residence Multifamily Property
For Sale
$730,000

31175 Chade, Menifee, CA 92584

Two separate homes offer flexible residential income use with private yards and acreage outside the HOA structure.

Property SizeContact for details
Lot Size2.27 Acres
Days on Market199

Property Features for 31175 Chade

General Information

Standard status Active
Lot size 2.27 Acres
Property subtype Manufactured On Land

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 1 x 4BR/2BA, 1 x 2BR+office/2BA
Multifamily Units 2

Amenities

Central
Central Air
Dishwasher
Disposal
Gas Range
Water Heater
Porch, Electricity Connected, Propane, Sewer Connected, Water Connected

Building Details

Year Built 1984
Buildings 2
Stories 1
Listing Agency: SimpliHOM
Listed By: Heather Penko · License #01736316
Source: Kw
Added: Mar 7 Changed: Sep 21 Last Checked: Sep 21 at 2:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SimpliHOM

Investment Insights

Based on property information with market context.

This multifamily property includes two detached residences on 2.27 acres. The primary home, built in 1984, contains 1,584 sq ft with 4 bedrooms, 2 bathrooms, an open floor plan, living room, formal dining area, family room, kitchen, and large laundry room. The second residence was built in 1981 and provides approximately 1,800 sq ft with 2 bedrooms, an office that can serve as a third bedroom, and 2 bathrooms. Each home has a fenced private yard.

The property is located near Paloma Valley High School and is close to Menifee Valley Middle School, Evans Ranch Elementary, shopping, medical facilities, and the 215 freeway. Improvements include a private well, central air, dishwasher, disposal, gas range, water heater, propane, and connected sewer, water, and electrical service. The property has no HOA and includes porch areas at the residences.

Key Highlights

  • Two residences on 2.27 acres
  • Primary home: 1,584 sq ft, 4 bedrooms, and 2 bathrooms
  • Second home: approximately 1,800 sq ft, 2 bedrooms, office, and 2 bathrooms

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

66
Businesses Nearby

Demographics for 92584, CA

55,517
Population
18,480
Households
3
Avg Household Size
36
Median Age
28%
College-Educated
92%
High-School Grad
29.1 sq mi
ZIP Area
1,908
Density / Sq Mi
$113,470
Median Household Income
$53,466
Median Earnings
$2,301
Median Rent
$562,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two separate homes offer flexible residential income use with private yards and acreage outside the HOA structure.
Where is this multifamily property located?
The property is located at 31175 Chade Menifee, CA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two residences on 2.27 acres; Primary home: 1,584 sq ft, 4 bedrooms, and 2 bathrooms; Second home: approximately 1,800 sq ft, 2 bedrooms, office, and 2 bathrooms
More about this property
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