Are you looking for a GOLD MINE land development project?
...a real cash cow, $$$ making resort style Residential Investment Housing Development proposal in an ideal, underutilized rapid growth city in Southern California?
PLEASE INDULGE ME AND READ THIS:
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WHY GIVE AWAY A GOLDMINE
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I read this wisdom passage online recently...that said if you do this; the person who can do what you cannot will immediately find you:
"Don't sit on the gold mine that you can't afford to extract the gold yourself.
Help someone else do what you cannot and allow them to become wealthy, and you'll be handsomely rewarded. "
So, I decided to take a leap of faith and try it and see what happens.
They claim many people would rather be selfish, sit, and die with their secret, which benefits nobody.
But acts of selflessness to benefit others will always get rewarded, unbeknownst to anyone. "The universe" will direct the person who can do what you cannot to you.
Embarrassingly so, I have to admit I thought, like that, and was in no way willing to share my gold mine with anyone until I read that wisdom passage.
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PROPERTY DESCRIPTION
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These are the last two centrally located commercial multi-family adjacent lots left in the downtown district. 307 & 309 W. Graham Ave, Lake Elsinore, CA. are 50\'x175\' each, totaling 15,750 sqft each. What makes this property so valuable is its location, location, and location, and the rear access easement, which gives this property the ability to have an underground parking structure.
No other property in the area has
this ability or option to use 90% of the square footage for build-out. It's 2 blocks or less from the lake & boat launch, schools, police & fire depts. post office, library, city buses, church's, shopping, auto repair & community center.
The city designed the flow of traffic to use West Graham Avenue as the entryway to the lake from the nearest major 15 freeway.
The property sits in the middle of the busiest street in town & easy to get to from the west, north and south entry points to Graham; according to the Elsinore city's traffic study, 10,000 + cars pass this location a day.
A retail heaven, lots of foot traffic due to the city buses that line up in front of property to transfer to other bus routes.
The block consists of 6 parcels, and this property sits in the middle. The Calvery Church owns 2 parcels to the right mainly used for parking.
Frontier wireless owns two parcels on the other side of the property, used as a service center and parking.
The property is centrally located between Los Angeles, home of the stars called Hollywood and San Diego.
The 15 fwy is a non-taxing striaght line to either place. LA is one hour to the north, and SD is an hour to the south. 2 of the top destination spots in the world.
As I said before is the location, there is nothing you can't do to go within two hours or less in Southern California.
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Housing Project Proposal
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A 4 or more multistory semi-luxurious condominium Resort Styled apartment complex for daily, weekly rentals with unobstructed views of the lake and cityscape.
Imagine a rooftop gym, pool and spa heated by the natural Hot Spring Water Aquifer running underneath property, with a Swank rooftop restaurant/bar/ high tech meeting/event space and a retail shopping mezzanine on the bottom floor.
Lake Elsinore is the home of extreme outdoor sporting activities centered around their lake. Everything you want to do or go within an hour or less... convience is key!
Where else can you go in the USA, to do any sporting activity you like 7 days a week 365 days a year.
It's like being on vacation every day with no lengthly travel time, no planes to catch, no luggage to tote, or worry of bad weather preventing you from going. Most of the year, you won't need a jacket or pants.
Or Uber over to the ballpark for Minor league baseball, monster trucks smashing everything in sight, high flying motorcross & other exciting fun events.
Jet over to the designer clothing outlets for the latest fashions at discount prices.
There is a shared misconception of California real estate value$$$$$: many people believe California is too expensive to live there, just for the weather, beaches & palm trees. These facts are just a bonus... What you're really paying for is the option & opportunity do whatever you wish whenever you want, and the ability to get there within 2 hours or less.
What would it be worth to do whatever you want, whenever you like? This is why its so expensive; but In retrospect its cheap compared to what it would cost a family to take 12 vacations a year to do a fraction of what Californians do every day. So someone would have to really experience California to understand the hidden value. This project will allow non-Califorians to take an inexpensive vacation to experience what they can only imagine. By
Offering them a luxurios accomandations & personalized exteme outdoor adventure activity packages at a fraction of the cost of a traditional single sport activity vacation.
This development gives the investor a full-fledged resort for the cost of erecting a building. You should be able to see all the people lining up for a vacation and coming every year; doing what they love or trying something new. Why go anywhere else. A untapped marketplace for sporting events and activities waiting to be exploited.
You name it, you can do it. You'll be at your sports destination by the time you finish your fast food lunch. Be back ready for bed before it gets dark. I'm back in bed before it gets dark
Think about this for a minute... Would you take a vacation to do a few things at a high cost or a place where you can do anything, anytime for a. Yep, so would anyone else.
Walt Disney had a vision & so did I. But covid happened and changed everything. I barely survived it. As a result, covid faded as did my dream.
I placed another ad on the asset column offering the property for a third of the price and didn't see any movement. I guess covid hurt a lot of people.
I decided to leave it and allow it to serve as my minimum amount needed to do a joint venture. Nor did i disclose what made the property so valuable or my plan that makes it a gold mine.
I ran across this wise advice: don't sit on a gold mine that you can't afford to extract the gold, allow someone else do what you can't, he becomes wealthy & you will be handsomely rewarded.
I decided to share what makes this project a cash cow. I'm looking for that qualified investor who can do what I can't. He gets wealthy, and I get rewarded, I'm okay with that.
I suppose you're wondering why I'm so confident that this property is a gold mine & will make someone wealthy. Well, it will because of the location to everything & what the city designed itself to be ... a Resort City!
Confirmation:
Just recently, i read Walt Disney is spending billions to build residential communities centered around a park of activities to do., after spending millions on feasibility, focus & poll studies to prove their concept works before it's built.
It's the future>>>>>>
People are living longer, much more active & want to live in places where they are close to everything. So I didn't have to spend anything to know this concept would work.
It's pretty easy to see the value of having the option to do whatever you want when wanted. Now, ask yourself... How much would you pay to play every day.
Let's compare: a family of 4 entry/room
Disneyland Resort - costs 3k - 5k for 3 days
Extreme Adventures Resort - 5k for 7 days, whatever you wish package...and if Disneyland is also a wish, it's only 2 hrs away. See my point, there's is no comparison to an adventure vacation of whatever you wish to do.
This is a money-making opportunity for the right investor(s)with cash and can see my vision. A cash cow, without a doubt.
If the investor is more interested, in in the short term or more of a flip. I would design it the same way with all the retail catered to the tenants, targeting young adventure couples with all the retail centered around servicing them. Sell the contracts to companies in that industry.
HOA fees for upkeep and residual income. A concierge person/security/laundry/drycleaners, small grocery for basics, car wash, fast fast food all-in-one counter concept/ drive thru (kfc,taco bell, pizza hut, blimpy subs) owned by pepsi co. Compact riteaid/thrity ice cream. Nieghborhood walmart(small box )or 7/11. Panda express, applebee bar & grill, la fitness, super cuts, drive-out car wash, tie in with uber,lift, and car rental.
All retail spaces are sold as anchor tenants or an investment to offset building costs by selling to brands. Units can be sold at a premium for Resort Styled Living private residences.
So i ask you... Where can you do all of this in one location?
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Opportunity Zone Value
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The Calvary Church owns about 2 acres that they purchased for parking and eventually a new mega church building, to which the city has denied their permit multiple times. If you partner with the church( new bldg, new online & physical members) and the city(incorporate their community center across the street and convince frontier wireless to move their service center.(Verizon is in the process of selling a lot their real estate holding well under market value).
This would give you the whole block and half of the behind block adjacent to the easment plus about 2ac or more in total of city owned property across the street.
The community center and the old court bldg across the street from the center, which probably totals 2ac in all, if you were able to get all the properties mentioned for remodeling and new construction would probably be 5ac combined.
Taking on these resources as funding partners, by convincing them that partnering gives them what they all want and need, in reality, they want the same thing. This should be easy to do by showing them what their missing and where the opportunity lies.
Targeting the SMURF Conventioneers will give you 100% occupancy year round and bring millions of visitors and tons of new renevue which the city needs, although they don't realize what they need or how to attract it.
That's where you come in to obtain unimaginable value, resources, and wealth.
Their unutilization of their resources makes it a gold mine for a savvy investment group or builder with resources could be printing money with this project proposal by shifting the project into resort styled full-fledged semi-luxury 1-2 bedrooms Apt high rise, with a variance from city , or simply a hotel instead and with high tech meeting space, innovative Convention Event Center, and church with all the other mentioned amenities. The first convention space that included non-denominational church services. A novel approach.
KKR investment group made a fortune by inlisting brands centered around a luxury cinema concept by convincing cities to give up land free to attract all the new customers and people who want to live close by.
Having Brands put up front money to be the leased tenants was ingenious, who did their own buildouts at their expense, this concept gave them tons leasing space and the real estate for the cost of a proposal and getting commitments from anchor tenants.
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MY THOUGHTS AND TERMS
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This property would be the crown jewel investment for miles around. A cash cow property without a doubt. Build it, and they'll come.
But these are just some of my thoughts that make this property so, I so valuable. What's your thoughts? I'm open to other ideas or suggestions.
Seller would entertain a joint venture partnership from a cash qualified investor or a general contractor with the experience to take on an aggressive project like this.
Or build to suit to your liking or discuss purchase with flexible terms, OWC with 40% down, 10% amortized on a 10-year note.
Well, what do you say...? Want to do what I cannot...or joint venture with me?
Let me know your interest, qualified investors only : DM ME -INBOXFORCHARLIE@GMAIL.COM
