Excellent residential development opportunities surrounded by residential developments with homes in the range of $600k +. Located in a desirable residential area. Zoned R1, this parcel can accommodate up to 10 homes (Calculation). This parcel offers spectacular views of the surrounding areas, so these homes will be highly desirable. The property is located less than 5 minutes from the I-15 Freeway and less than 7 minutes from Ortega Highway 74, which provides easy access to Orange County. There is an adjacent commercial development in the process of final entitlement on approximately 6 acres to the South of this property at the northwest corner of Mountain Street and Lake Street. The commercial project comprises an approximately 32,000 square feet of retail, including a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant. Utilities are nearby the parcel on Mountain Street.