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Loretta Ave

Menifee CA 92584

4.95 ac.
Land
Currently for sale - view listing

Overview

A beautiful 4.95 acres of flat, fully usable land zoned for Residential homes, horses, and agriculture - this property is perfect for a large compound project, Build your own family compound with the main home, ADU, a barn, pool, and workshops. Manufactured homes are allowed. Grow vineyards, groves & orchards. Enjoy the rural lifestyle of open spaces. It is situated at a location with a quiet rural setting, yet, is actually just minutes from the conveniences of town, with schools, restaurants, hospitals, and grocery stores, and just minutes from the 15/215 freeways, 79N/Winchester Road, Temecula Wine Country & Promenade Mall. Close to the Cities of Winchester, Murrieta, and Temecula. 9+ miles to Diamond Valley Lake, Lake Skinner, and Lake Perris. The Grocery Outlet is at Winchester and Thompson. A new development project called French Valley Commons with various retail stores is being built near Leon & Benton Road. The paved road on Leon leads to Loretta Road. You may install a well or connect to the city water on the street. The electrical is available with the power pole on the front of the parcel. Surrounded by rural properties as well as many new homes in a fast-growing area near French Valley. ATTENTION: Builders, Developers & Investors: The property is in the vicinity of the Riverside County Winchester Community Plan. (General Plan Amendment No. 1207). The Amendment will change the General Plan Foundation Component from Rural (R) and Rural Community (RC) to Community Development (CD), and amend the accompanying land use designations from Rural Residential (RR) and Estate Density Residential (EDR) to Density Residential (LDR), Medium Density Residential (MDR), Commercial Retail (CR), Business Park (BP), and light Industrial (LI). Highway 79 Policy is being revised and the Draft EIR for the WCP is complete and in the reviewing process. Seek the opportunity to purchase before the zone changes. (The buyer to advised to perform their own due diligence.) This property is less than an hour from Corona & Riverside, SD & 2 hours from LA, OC, Palm Springs, Lake Arrowhead, and Big Bear.

Features

4.95 ac. lot size
Land

Property history for Loretta Ave

2021
Sold
$307,000
18 Nov 2021 by Steve Welty, of Steve Welty & Associates Inc

Happy sellers in Menifee

90%
90% of sellers in Menifee reported that their sale price either exceeded or met their price expectations.

Menifee stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Menifee over the last 12 months.

Local market activity for land plots in Menifee

In the last 12 months, 25 land plots similar to Loretta Ave, have been sold.

This represents a 35% increase in land plots sales when compared to the previous 12 months.

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