One of orange counties most unique properties, this incredible investment and development opportunity has unrivaled potential. Originally the water reservoir for San Juan Capistrano and located next to Marco Forester's historic home, the property consists of a level lot and an approximate 3,370 SF single level structure in an incredible old San Juan Capistrano hill top location. A one bedroom apartment has been built out and a subfloor has been installed appx. 5 feet from the base level. The height from the base to ceiling is appx. 13.5 Feet. There are solid cement walls and cement pillars supporting the roof. This could be an appx. 10+ car garage/work shop /storage area with a guest apt and a new home above. A 2nd story home would have beautiful views from the Mission to the Sea.The roof and sub floor needs to be replaced. Please research with the city for allowed uses and development possibilities and a proposed low income development on the vacant land east of this site. There is a parking easement and a driveway easement that provide access and parking for this property previously granted and recorded by the adjacent property owner. There are several easements across the back yard area that make adding structures to that area problematic.