3-unit mixed-used rental complex located in Quail Valley, Menifee. Two 3-bedroom 2-bath units, and one commercial front with three office spaces and one restroom. Septic system (new) for adjoining units. Fixer, being converted from a 4-unit apartments to a 3-unit mixed used. Construction permits expired, need to re-submit.
Two lots are included in this sale: lot 35 with the building on it, and lot 34 next to it (at 23950 Norma Dr) with the septic system. The total lot size is 10,454 sq ft combined.
Sold As-Is. Buyer/Buyer Agent to verify all information. Information in this ad is deemed reliable but not guaranteed. Seller financing available.
Sold for $461,600
Listed by: STANFLES REALTY • Mathieu Schmitt • Contact: 888-863-2820
Bought with: LEGACY HOMES REALTY
$461,600
23960 Norma Dr, Canyon Lake, CA 92587
6beds
2,695sqft
Triplex
Built in 1940
-- sqft lot
$608,000 Zestimate®
$171/sqft
$4,020 Estimated rent
Home value
$608,000
$541,000 - $675,000
$4,020/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mathieu Schmitt DRE #01887634 626-612-9279,
STANFLES REALTY
Bought with:
Gaurav Baweja, DRE #02062172
LEGACY HOMES REALTY
Source: CRMLS,MLS#: CV24180006
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 6
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
Interior area
- Total interior livable area: 2,695 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front/Side/Back
- Patio & porch: Front Porch, Patio
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 5,227 Square Feet
- Features: 0-1 Unit/Acre
Details
- Additional parcels included: 350256011
- Parcel number: 350256010
- Zoning: CR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Frame, Stucco
Condition
- Fixer
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Engineered Septic
- Water: Public
Community & HOA
Community
- Features: Rural
Location
- Region: Canyon Lake
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $382,500
- Date on market: 8/30/2024
- Cumulative days on market: 307 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Sold | $461,600-7.7%$171/sqft |
Source:  CRMLS #CV24180006 Report a problem | ||
| 7/16/2025 | Contingent | $500,000$186/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 6/20/2025 | Listed for sale | $500,000$186/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 6/16/2025 | Contingent | $500,000$186/sqft |
Source: CRMLS #CV24253850 Report a problem | ||
| 5/28/2025 | Price change | $500,000-5.7%$186/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 2/15/2025 | Price change | $530,000-7%$197/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 1/22/2025 | Listed for sale | $570,000$212/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 1/11/2025 | Pending sale | $570,000$212/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 1/11/2025 | Listed for sale | $570,000+936.4%$212/sqft |
Source: CRMLS #CV24180006 Report a problem | ||
| 3/31/2010 | Sold | $55,000-80.6%$20/sqft |
Source: Public Record Report a problem | ||
| 4/20/2009 | Sold | $284,108$105/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $382,500 +30% |
| 2025 | $3,463 +2.2% | $294,194 +2% |
| 2024 | $3,390 -0.6% | $288,426 +2% |
| 2023 | $3,411 +1.2% | $282,772 +2% |
| 2022 | $3,369 +1.8% | $277,228 +2% |
| 2021 | $3,309 +1.4% | $271,794 +1% |
| 2020 | $3,263 +2.1% | $269,008 +2% |
| 2019 | $3,198 +4.5% | $263,734 +2% |
| 2018 | $3,061 +1.7% | $258,564 +2% |
| 2017 | $3,009 | $253,496 +2% |
| 2016 | $3,009 +5.6% | $248,526 +1.5% |
| 2015 | $2,850 | $244,795 |
Find assessor info on the county website
Neighborhood: Quail Valley
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Nearby schools
GreatSchools rating
- 8/10Quail Valley Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Kathryn Newport Middle SchoolGrades: 6-8Distance: 1.3 mi
- NAMenifee PreschoolGrades: Distance: 2.9 mi
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Estimated market value
$608,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$608,000
- California
- Riverside County
- Menifee
- 92587
- Quail Valley
- 23960 Norma Dr
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