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9/15/17
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KB Home Coastal, an entity of KB Home, has acquired a 5.78-acre residential land parcel located in Murrieta, for $5.525 mil. KB Home plans to develop 64-single family homes on the site.
The property is situated west of Interstate 15 on the southeast corner of Fullerton Rd and Washington Ave. Average lot sizes are slated to measure 3.2k sf each with home sizes ranging from approximately 1.5k sf to 2k sf each.
Ciara Trujillo, David Santistevan and Gunder Creager of Colliers International represented the sellers, Harding Square LLC and Marx Family Investment LLC. KB Home Coastal had no outside representation.
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