Lakeview Estates, Riverside County, CA
Mission Pacific acquired Lakeview Estates in July 2011 in a short sale from Tricon, a Canadian asset management company. The property, which contained a total of 128 acres, is located in the Lakeview / Nuevo area of the County of Riverside, just south of the Ramona Expressway. Ramona expressway is a major east- west arterial that provides access to the project from Interstate 215 approximately 10 miles east of the project.
The property is zoned Medium Density Residential (2-5 du/acre) and breaks into two sections containing a total of 128 acres. There was a previously approved TTM on the property, for the development of 318 SFR lots on 96.1 acres. A tentative map for 69 single family lots was in process on the remaining 36 acres but was withdrawn by the previous developer.
Mission Pacific prepared new land plans for the site and chose to hold the property for long-term investment. The property was sold to an individual investor in 2018.