Property Detail

Description

Rare opportunity to acquire three contiguous residential parcels in one package in a rapidly developing area of Lake Elsinore. The offering consists of three separate APNs: 389-143-011, 389-143-012 and 389-143-013, each approximately 6,534 SF, for a combined land area of approximately 19,602 SF (0.45 acre). Seller prefers to sell all three parcels together. A key advantage is the property's location immediately adjacent to newer residential development, offering builders, investors and owner-builders an opportunity to acquire three side-by-side homesites in an area experiencing significant new-home construction. The City of Lake Elsinore Planning Department has advised that single-family residential use is permitted on each of the three individual parcels, providing the potential for three separate SFR homes, subject to applicable governmental approvals and development requirements. The parcels are located near Hoff Ave and Terra Cotta Rd, immediately adjacent to newer residential development in the Sicily Dr, Avellino Pl and La Spezia Ln area. The combination of three contiguous parcels and nearby residential development creates a compelling opportunity for a builder or investor seeking multiple adjacent homesites rather than a single isolated parcel. City Engineering has advised that each proposed residence would require its own septic system. Water, electrical and other utility availability, locations, connection requirements and costs have not been independently verified and should be investigated by the buyer with the applicable utility providers and governmental agencies. Buyer and buyer's agent are responsible for conducting their own independent due diligence regarding zoning and permitted uses, parcel boundaries, legal and physical access, utilities, water availability, septic feasibility, soils, grading, drainage, topography, environmental conditions, building requirements, development fees, permits and all other matters affecting the properties. Information regarding potential development is based in part on preliminary discussions with governmental agencies and is not a guarantee of development feasibility. Buyer should independently verify all information with the City of Lake Elsinore, utility providers and other appropriate agencies.