Residential Land for Sale in Lake Elsinore, California

New multi-family development opportunity in the heart of Lake Elsinore. This 9000 square-foot corner lot is zoned R-3. This lot includes approved building plans to develop a 4-unit residential apartment building with the option of two added garage apartment ADU's for additional rental income. Building plans consist of two 2-bedroom/2 bath units and two 1-bedroom/1bath units. A total of six bedrooms and eight bathrooms. Each unit includes open concept floor-plans, in-unit washer/dryer, 9 ft ceilings and private backyards. Great investment opportunity for the builder, investor and developer who wants to invest in one of the fastest growing cities in the country. Centrally located in Riverside County, within close proximity to the 15 freeway, schools, parks, shops, and public transportation. Utilities located at the street. Buyer to perform their own due diligence.