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Lakeview Villas- Elsinore
LAKEVIEW VILLAS
City of Lake Elsinore
THE OPPORTUNITY
The subject ± 28.5-acre property is ideally located in the City of Lake Elsinore with easy access to the I-15 freeway. Lakeview Villas is one of the best-located sites available in Lake Elsinore.
Lakeview is just off Railroad Canyon and the 15 Freeway and offers sweeping views of Lake Elsinore and the Saddleback Mountains. The redesigned interchange at Railroad Canyon and the 15 freeway is completed and offers much-enhanced access to the property.
The City of Lake Elsinore has expressed a desire to work with a homebuilder to process a new map for either attached or small lot detached homes on the property. The seller will provide time to complete this process.
The zoning allows for up to 18 units per net acre to be developed on the property. The ownership acquired this property in 2009 with an approved tentative map which is now expired.
PROPERTY HIGHLIGHTS
- Entitlement Opportunity on ±28.5 Acres with approved residential medium density zoning and general plan designation for the site.
- Previously Approved TTM for 155 attached townhomes expired and city has expressed support for a new plan potentially with higher density.
- Ideal location just south of Railroad Canyon and Grape Street.
- Lakeview has an excellent marketing window and visibility from the 15 freeway.
- Site offers views of the surrounding mountains and Lake Elsinore.
- Seller will provide time to process a tentative map.
