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$3,798,000

40480 Carrigan Road

Murrieta, CA 92562

Under Contract

1979

Year Built

Riverside

County

MixedUse

Property Type

About this home

GREAT DEVELOPEMENT AND INVESTMENT OPPORTUNITY. A prime location surrounded by ongoing multi-family, medical offices, shopping centers and walking distance to the new. Subject is MIXED USE and has Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway I-15 and 215 in Temecula Valley. Also located centrally between Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. The sales include two parcels with APN# 949-180-011 for $2,000,000 & 949-180-012 for $1,798,000. Each parcel can be purchased separately or together. There is one home on each parcel and both homes are tenant occupied with a total monthly rental of $3,500. "VALUE IS IN LAND" properties being sold "AS IS". The properties are currently zoned mixed use/office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY ". The future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL MINIMUM OF 30 UNITS PER ACERES ", office, church, private school & variety of other commercial uses. Please see the attached supplements for more detail. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.

Listed by Ed Farnaghi · DRE #01004996 · Coldwell Banker Realty

MLS #1107729574

ListedFeb 24, 2025

Property Details

Architecture

Stories1

StyleN/A

Total UnitsN/A

RoofClay, Composition

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingCentral

FireplaceN/A

LaundryElectric Dryer Hookup, Gas Dryer Hookup, Laundry Closet

Parking FeaturesN/A

Parking Total14

Patio & PorchN/A

Entry Level1

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size4.76 ac

Lot FeaturesTwo To Five Units Acre, Thirty One To Thirty Five Units Acre, Corner Lot, Sloped Down, Gentle Sloping, Irregular Lot, Lot Over40000 Sqft, Value In Land, Rolling Slope

ViewN/A

DirectionsDIRECTIONS: Northbound on freeway 215 exit on Los Alamos Rd, make let, let on Vista Murrieta and Left on Carrigan Rd.

Community

AreaSRCAR - Southwest Riverside County

School DistrictN/A

Tax & Financial

TermsCash, Exchange1031, Owner May Carry

Land LeaseNo

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$20,215/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 3:45 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.