PRICE REDUCED! Great investment opportunity! This land is already surrounded by beautiful custom homes. One of these custom homes that share the same street as the subject property and face it just sold for $620,000 6 months ago at a price of $160 per sq ft. The subject property is being sold together with conjoining property APN 289-250-008 for a total sales price of $1,198,000. The two individual parcels are located on the southeast corner of El Mineral Road and Olive Street in the Lake Matthews area which is located in Riverside county. The parcels are split by Los Arrollos Road which runs north/south. The two properties combined have an approximate area of 74.75 acres. It is a flat to rolling topography and is rectangular in shape. The parcels are located north of Highway 74 between I-15 and I-215. The parcels are surrounded by a development known as the Gavilan Springs Ranch which consists of 2 - 2 1/2 acre minimum lots with custom homes that range from 2,500-4,500 square fee
Listed by Lindsay Zylstra, REAL PROPERTY INVESTMENTSCMRL #CV15013785APN: #289250020
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