• LOCATION: Lake Elsinore - Riverside County, CA
• TOTAL SITE AREA: ±4.58 Acres
• APN: 378-020-018 & 378-020-052
• PURCHASE PRICE: $1,300,000
• PRICE PER SF: $6.51/SF
• ZONING: R1 (Single Family Residential)
• GENERAL PLAN: Low Medium Residential
• Newly renovated 3 bed, 2 bath home
• Large Storage Barn
• Fully Fenced
• Adjacent to incoming development
The subject property consists of two parcels totaling approximately 4.58 acres located on
Pierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flat
topography and is just south and west of two separate proposed industrial development
projects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore the
property is approximately 70 miles from the Ports of LA and Long Beach.
The property is currently fenced on all sides and contains a newly renovated 3 bedroom, 2
bathroom single family home. Toward the back of the property is a large barn with a small
living quarters/office built above the barn. Buyer to verify all permits for existing structures.
The subject property is zoned Single Family Residential which is intended to accommodate low
density residential projects with +/-7200 SF lots. Ownership has had positive conversations
with the city in regards to a potential rezone. Given the prospective industrial developments
to the east and to the north of this site it is believed that there will be favorable support for an
industrial rezone at this location.
Property Type :
Residential
County :
Riverside
Style :
Residential
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ByOwner last updated this listing 05/02/2024 @ 10:32
MLS: IV23018787
LISTED BY: ERIC WASHLE, COLDWELL BANKER COMMERCIAL SC
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
