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Listed by Kyoko Wolf • JCA International Realty Inc
$ 1,900,000
Est. payment | /mo
43,560 SqFt
$ 1,900,000
Est. payment | /mo
43,560 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 43,560 sqft
Price per Sqft $43
MLS Listing ID CRNDP2503672
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 1.000 Acres
Property Sub-Type Unimproved Land
Property Description
PROJECT HIGHLIGHTS Prime Development Opportunity –68-Unit Apartment Land on Machado Street, Lake Elsinore Presenting a rare opportunity to acquire entitled land for a 68-unit apartment development in the heart of Lake Elsinore’s thriving residential corridor. Located on Machado Street, this project site is ideally situated in a neighborhood predominantly surrounded by new single-family home communities, offering a unique chance to introduce much-needed multi-family housing to a fast-growing area. This site provides tremendous upside for developers and investors seeking to build in a market with strong rental demand, limited supply of new apartments, and a supportive local municipality for residential growth. Lake Elsinore continues to attract families and professionals with its natural beauty, affordability, and proximity to major employment hubs via the I-15 freeway. Project Highlights: Proposed for 68 apartment units for market rate – The developer or builder will need to finish entitlement process Surrounded by established and new SFR communities – ideal for tenants seeking rental alternatives in family-friendly neighborhoods Flat and accessible land with utilities nearby Close to schools, parks, shopping centers, and public transit Strong local and regional demographi
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227