PROPERTY DESCRIPTION

. 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 developmentThe subject property consists of two parcels totaling approximately 4.58 acres located onPierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flattopography and is just south and west of two separate proposed industrial developmentprojects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore theproperty 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, 2bathroom single family home. Toward the back of the property is a large barn with a smallliving 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 lowdensity residential projects with +/-7200 SF lots. Ownership has had positive conversationswith the city in regards to a potential rezone. Given the prospective industrial developmentsto the east and to the north of this site it is believed that there will be favorable support for anindustrial rezone at this location.