Property profile

0 Pitman Ln Menifee, CA 92584

OFF-MARKET
Land
2.78 ac lot
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Property summary

AI-generated overview

This exceptional 2.78-acre parcel in Menifee, California, presents a unique opportunity to build a custom estate home. Located on Pitman Ln, with convenient access to the 215 Freeway and Scott Road, this property boasts a desirable location within a rapidly developing area. The land offers a mix of flat and sloped terrain, providing ample space for a substantial residence. The property is zoned RR 2/RR 5 (Rural Residential 2 and 5 acres), and the City of Menifee should be contacted to verify zoning details and the number of permitted homes. The zoning may allow for up to two units. Manufactured homes are also permitted. Utilities are available, with electricity accessible along Garbini. The asking price for this remarkable property is $280,000. The Assessor's Parcel Number (APN) is 372090004, and the ownership is held in trust. This land offers significant potential for building a private oasis or as a long-term investment opportunity, given the surrounding new home development. This is a rare chance to acquire a substantial lot in a highly sought-after area of Menifee.

Property profile

Verified
Property type Land
Lot 2.78 ac (121,097 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Pitman Ln Menifee, CA 92584
Menifee metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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