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0 Riverside Dr - Lakeshore Pointe - 260 Unit Apartments

13.27 Acres of Residential Land Offered at $9,750,000 in Lake Elsinore, CA 92530

Executive Summary

Lake Pointe Apartments - Prime Approved Multi-Family site, next door to Lake Side High School and across the street from Launch Pointe Recreational Center and Boat Launch. Centrally located with easy access to Interstate 15.
The approved multi-family project consists of a gated complex with 260 units (Phase 1 "152 unit" and Phase 2 "108 units"
). Residents will enjoy the Clubhouse, cabanas, fireplace, conference room, multipurpose room, kitchen, pool, outdoor BBQ pavilions with shade structures, patio trellises and sitting benches, splash pad, tot-lot with playground equipment and on-site leasing office. Great opportunity for development with the Demand for apartments in the Inland Empire being ramped back.

Property Facts

Price $9,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 13.27 AC

1 Lot Available

Lot

Price $9,750,000
Price Per AC $734,740
Lot Size 13.27 AC

Flat

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
379-090-012
Land Assessment
$348,075
Improvements Assessment
$0
Total Assessment
$348,075

zoning

Zoning Code RMU (MULTI-FAMILY)
RMU (MULTI-FAMILY)
  • Listing ID: 31623878

  • Date on Market: 4/26/2024

  • Last Updated:

  • Address: 0 Riverside Dr, Lake Elsinore, CA 92530

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