Stellan Ridge, Riverside, CA
In December 2009, Mission Pacific acquired Stellan Ridge from a large public homebuilder. The property, which includes 28 graded or finished lots and 20 unimproved lots, is located in one of the most affluent areas of Riverside, adjacent to MPLC's previously acquired Kunny Ranch project. Mission Pacific's ability to perform in less than two weeks enabled it to acquire the property at a significant discount to the property's replacement cost.
The property was sold to Warmington Homes in June 2013.