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Pico Ave 18.36 Acres of Residential Land Offered at $6,727,050 CAD in Menifee, CA 92585
Investment Highlights
- RC-LDR zoning supports low-density residential development with ½-acre lots.
- Features existing 60’x100’ building and additional residence for added utility.
- Positioned within peaceful rural surroundings in unincorporated Riverside County.
- Utilities available onsite, including water, electricity, and natural gas.
- Located 3.7 miles from the 215 Freeway, offering strong regional connectivity.
Executive Summary
Property Facts
| Price | $6,727,050 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 18.36 AC |
| Property Type | Land | Cross Streets | Santa Rosa Rd |
| Zoning | RC-LDR - Rural Community -Low Density Residential one half acre lots | ||
| Price | $6,727,050 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 18.36 AC |
| Cross Streets | Santa Rosa Rd |
| Zoning | RC-LDR - Rural Community -Low Density Residential one half acre lots |
1 Lot Available
Lot
| Price | $6,727,050 CAD | Lot Size | 18.36 AC |
| Price Per AC | $366,397.05 CAD |
| Price | $6,727,050 CAD |
| Price Per AC | $366,397.05 CAD |
| Lot Size | 18.36 AC |
18.36 +/- Acres: Riverside County Designated Land Use RC-LDR. Rural Community, Low Density Residential. One half acre minimum lot size. The property is rectangular and essentially flat. Interested Buyers should contact Riverside County Planning to di
Description
Situated at Pico Avenue and Santa Rosa in Menifee, this expansive 18.36-acre property combines rural charm with development-ready characteristics. The RC-LDR land use designation allows low-density residential development, creating an opportunity to craft spacious, attractive homesites that appeal to buyers seeking privacy and proximity to nature. With utilities in place, including water, electricity, and natural gas, the groundwork for future improvements is well established. The site also features two notable structures: an approximately 1,800 square-foot building constructed in 1991 and a vintage home from the 1960s. Its convenient access to the 215 Freeway, located just 3.7 miles away, positions the property within reach of major employment and retail nodes while maintaining its rural community appeal. As part of unincorporated Riverside County, this land offers flexibility and value for developers aiming to meet the region’s ongoing residential demand.
Property Taxes
| Parcel Numbers | Improvements Assessment | $463,843 CAD | |
| Land Assessment | $629,015 CAD | Total Assessment | $1,092,857 CAD |
Property Taxes
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Pico Ave
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