0 Machado St Lake Elsinore, CA 92530
Lake View District NeighborhoodEstimated payment $12,393/month
Highlights
- 1 Acre Lot
- Neighborhood Views
- Park
- No HOA
- Hiking Trails
About This Lot
PROJECT HIGHLIGHTS Prime Development Opportunity –68-Unit Apartment Land on Machado Street, Lake Elsinore Presenting a rare opportunity to acquire entitled land for a 68-unit apartment development in the heart of Lake Elsinore’s thriving residential corridor. Located on Machado Street, this project site is ideally situated in a neighborhood predominantly surrounded by new single-family home communities, offering a unique chance to introduce much-needed multi-family housing to a fast-growing area. This site provides tremendous upside for developers and investors seeking to build in a market with strong rental demand, limited supply of new apartments, and a supportive local municipality for residential growth. Lake Elsinore continues to attract families and professionals with its natural beauty, affordability, and proximity to major employment hubs via the I-15 freeway. Project Highlights: Proposed for 68 apartment units for market rate – The developer or builder will need to finish entitlement process Surrounded by established and new SFR communities – ideal for tenants seeking rental alternatives in family-friendly neighborhoods Flat and accessible land with utilities nearby Close to schools, parks, shopping centers, and public transit Strong local and regional demographics with population growth and increasing housing needs This project aligns perfectly with the city’s vision for smart, sustainable growth while addressing the region’s housing shortage. Don’t miss the chance to develop a community that will stand out in a neighborhood dominated by for-sale homes—renters will love the location, and investors will love the returns.
Listing Agent
JCA International Realty Inc Brokerage Email: kay@kwolfrealty.com License #01984469 Listed on: 04/16/2025
Property Details
Property Type
- Land
Lot Details
- 1 Acre Lot
- Density is 11-15 Units/Acre
- Property is zoned R1-1
Property Views
- Neighborhood Views
Listing and Financial Details
- Assessor Parcel Number 379352020
Community Details
Overview
- No Home Owners Association
Recreation
- Park
- Hiking Trails
- Bike Trail
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $270,000 | -85.8% | -- |
| 04/16/2025 04/16/25 | For Sale | $1,900,000 | +1709.5% | -- |
| 09/12/2024 09/12/24 | Sold | $105,000 | -18.0% | -- |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- |
| 08/27/2024 08/27/24 | For Sale | $128,000 | 0.0% | -- |
| 08/12/2024 08/12/24 | Pending | -- | -- | -- |
| 08/10/2024 08/10/24 | For Sale | $128,000 | +58.0% | -- |
| 07/10/2024 07/10/24 | Sold | $81,000 | +3.8% | -- |
| 06/14/2024 06/14/24 | Pending | -- | -- | -- |
| 06/11/2024 06/11/24 | For Sale | $78,000 | +20.0% | -- |
| 12/15/2023 12/15/23 | Sold | $65,000 | 0.0% | -- |
| 10/23/2023 10/23/23 | Price Changed | $65,000 | -13.3% | -- |
| 09/12/2023 09/12/23 | For Sale | $75,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2503672
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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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