$1,400,000

0 Diamond Dr Lake Elsinore, CA 92530

Lake Elsinore Hills Neighborhood

Estimated payment $9,132/month

Total Views 6,411
2.39 Acres
$585,774 Price per Acre
104,108 Sq Ft Lot

Highlights

  • 2.39 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

FLAT LOT!!! Possible to build 80 units. Buyer to do own due-diligences. Discover the epitome of commercial real estate potential in the heart of the dynamic Lake Elsinore landscape. This prime low density residential project strategically positioned at the crossroads of Diamond Drive and Campbell Street, is a vast expanse of 2.35 acres, identified by the parcel numbers 363-162-024, 363-162-025, 363-162-039, and 363-162-030.

Potential investors should note that the property's zoning allows for 64 units and 16 ADUs, but it is essential to verify and confirm these details through personal research and consultation with professionals or city authorities. Seize this opportunity to shape the future of this prime low density property in the thriving Lake Elsinore community. The canvas is vast, the potential is boundless—your vision awaits.

Boasting a strategic location near the 15 Freeway, this property ensures convenient accessibility while maintaining a significant buffer of over 500 feet from health checkpoints. Adding to its allure, the location is in close proximity to the celebrated Lake Elsinore Storm, offering effortless connectivity to South Orange County via the 74 Ortega Highway and San Diego County via the 15 Freeway.

This exceptional opportunity is tailor-made for forward-thinking developers, with a particular focus on the prospect of a residential project. The expansive 2.35-acre canvas opens the door to endless possibilities. Currently situated in a low-density area, the property allows for the construction of 64 units and 16 Accessory Dwelling Units (ADUs), providing a canvas for potential cash flow, affordable housing, or a condominium development.

Prospective buyers are encouraged to conduct their due diligence to unlock the full potential of this remarkable land listing. The property's versatility and strategic location make it an ideal canvas for a range of developments. Whether envisioning a lucrative cash cow, affordable housing units, or a condominium project, this listing holds the key to realizing your vision.

Listing Agent

Phyllis Lu

Titan One Real Estate Brokerage Phone: 626-348-9755 License #01526442 Listed on: 08/15/2024

Property Details

Property Type

  • Land

Lot Details

  • 2.39 Acre Lot
  • Corner Lot
  • 363162025,363162039,363162030
  • Property is zoned CMU

Location

  • Suburban Location

Utilities

  • No Utilities
  • Water Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 363162024

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: No
  • Zoning: CMU
  • Property Type: Land
  • Parcel Number: 363162024
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 13.45

Utilities

  • Utilities: None
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 363162025,363162039,363162030
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 104108.40
  • Lot Size Acres: 2.3900

Multi Family

  • Lot Size Area: 2.3900 Acres

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 For Sale $1,400,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24164544

California Regional Multiple Listing Service (CRMLS)

California Riverside County Lake Elsinore 92530 Lake Elsinore Hills

0 Diamond Dr, Lake Elsinore, CA

This home is located at 0 Diamond Dr, Lake Elsinore, CA 92530 and is currently priced at $1,400,000. 0 Diamond Dr is a home located in Riverside County with nearby schools including Railroad Canyon Elementary School, Elsinore Middle School, and Elsinore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Phyllis Lu
Section Image
Titan One Real Estate
(951) 783-3787