$ 9,750,000
0 Riverside DR Lake Elsinore, CA 92530
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$ 9,750,000
Est. payment | /mo
13.27 Acres Lot
$ 9,750,000
Est. payment | /mo
13.27 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW24082403
HOA Y/N No
Lot Size 13.270 Acres
Property Description
Lake Pointe Apartments - Prime Entitle Multi-Family site, next door to Lake Side High School and near the Launch Pointe Recreation Center and Boat Launch . Centrally located with easy access to Interstate 15.
The entitle multi-family project consist of a gated complex with 260 units (Phase 1 "152 unit" and Phase 2 "108 units"). Residents will enjoy the Clubhouse, cabanas, fireplace, leasing office, conference room, multipurpose room, kitchen, pool, outdoor BBQ pavilions with shade structures, patio trellises and sitting benches, splash pad, tot-lot with playground equipment. Great opportunity for development with the Demand for apartments in the Inland Empire being ramped back.
The entitle multi-family project consist of a gated complex with 260 units (Phase 1 "152 unit" and Phase 2 "108 units"). Residents will enjoy the Clubhouse, cabanas, fireplace, leasing office, conference room, multipurpose room, kitchen, pool, outdoor BBQ pavilions with shade structures, patio trellises and sitting benches, splash pad, tot-lot with playground equipment. Great opportunity for development with the Demand for apartments in the Inland Empire being ramped back.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning C-R
Interior
Fireplace No
Exterior
Community Features Fishing, Lake
View Y/N Yes
View City Lights, Lake, Neighborhood
Building
Lot Description 11-15 Units/Acre, Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 379090024
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Grisel Stefani • Rancon Real Estate • 951-375-9210
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Kris Rainwaters
REALTOR® | Lic# 02111780