Description
PROJECT HIGHLIGHTS Prime Development Opportunity "68-Unit Apartment Land on Machado Street, Lake Elsinore Presenting a rare opportunity to acquire entitled land for a 68-unit apartment development in the heart of Lake Elsinores thriving residential corridor. Located on Machado Street, this project site is ideally situated in a neighborhood predominantly surrounded by new single-family home communities, offering a unique chance to introduce much-needed multi-family housing to a fast-growing area. This site provides tremendous upside for developers and investors seeking to build in a market with strong rental demand, limited supply of new apartments, and a supportive local municipality for residential growth. Lake Elsinore continues to attract families and professionals with its natural beauty, affordability, and proximity to major employment hubs via the I-15 freeway. Project Highlights: Proposed for 68 apartment units for market rate " The developer or builder will need to finish entitlement process Surrounded by established and new SFR communities " ideal for tenants seeking rental alternatives in family-friendly neighborhoods Flat and accessible land with utilities nearby Close to schools, parks, shopping centers, and public transit Strong local and regional demographics with population growth and increasing housing needs This project aligns perfectly with the citys vision for smart, sustainable growth while addressing the regions housing shortage. Dont miss the chance to develop a community that will stand out in a neighborhood dominated by for-sale homes"renters will love the location, and investors will love the returns.
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School Ratings & Info
Description
PROJECT HIGHLIGHTS Prime Development Opportunity "68-Unit Apartment Land on Machado Street, Lake Elsinore Presenting a rare opportunity to acquire entitled land for a 68-unit apartment development in the heart of Lake Elsinores thriving residential corridor. Located on Machado Street, this project site is ideally situated in a neighborhood predominantly surrounded by new single-family home communities, offering a unique chance to introduce much-needed multi-family housing to a fast-growing area. This site provides tremendous upside for developers and investors seeking to build in a market with strong rental demand, limited supply of new apartments, and a supportive local municipality for residential growth. Lake Elsinore continues to attract families and professionals with its natural beauty, affordability, and proximity to major employment hubs via the I-15 freeway. Project Highlights: Proposed for 68 apartment units for market rate " The developer or builder will need to finish entitlement process Surrounded by established and new SFR communities " ideal for tenants seeking rental alternatives in family-friendly neighborhoods Flat and accessible land with utilities nearby Close to schools, parks, shopping centers, and public transit Strong local and regional demographics with population growth and increasing housing needs This project aligns perfectly with the citys vision for smart, sustainable growth while addressing the regions housing shortage. Dont miss the chance to develop a community that will stand out in a neighborhood dominated by for-sale homes"renters will love the location, and investors will love the returns.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-15T00:30:24.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.