The project site lies just outside the borders of Lake Elsinore's East Lake Specific Plan (ELSP) and is considered an unincorporated lot within the County of Riverside. SVN Vanguard is pleased to present an 8.6 Acre prime in-fill residential development opportunity in the sunny city of Lake Elsinore, CA. The subject property lies on the NW corner of Stoneman & Palomar St., adjacent to the Lake Village and Pepper Tree residential communities. The Stoneman site boasts over 700' of frontage on Stoneman St., and the County has a zoning designation of medium residential housing with an allowable 5-7 du/ac. Homebuilders and buyers alike have been attracted to Lake Elsinore in recent years or affordably priced land and homes in the SW Riverside County area. Commuting distance to major job centers is <60 min to San Diego County. This development project provides an investor the opportunity to enter into a rapidly expanding area in one of the nations fastest growing submarkets. Buyer will have a clean slate to process permits & entitlements and can expect seller flexibility and cooperation.
