305 Line Street, Lake Elsinore, CA 92530
- $489,000
- List Price
- $489,000
- Price Change
- ▼ $10,000 1755389651
- Status
- ACTIVE
- MLS#
- IG25164027
- Lot Size(apprx.)
- 17,860
- Property Type
- Single Family Residential
- Year Built
- 1962
Property Description
Prime R3 Zoned Development Opportunity in Lake Elsinore Attention Investors and Developers! Seize this exceptional opportunity to acquire a substantial, Approx 18,000 sq ft R3-zoned lot in the thriving City of Lake Elsinore. This property offers immense potential for multi-unit development, with specific building guidelines available through the City of Lake Elsinore Planning Department. Currently, the property features a main residence generating rental income. Additionally, there are two existing outbuildings, presently utilized for storage, which hold future potential for permitted units or auxiliary structures. At this time the 2 units are not permitted for units, storage only For those envisioning significant development, this expansive parcel provides ample space to demolish the existing structures and construct multiple new units, complete with dedicated garage parking. This offering represents a rare chance to capitalize on a property with tremendous redevelopment potential in a desirable location.
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Additional Information
- Stories
- One Level
- Laundry Location
- Outside
Mortgage Calculator
Listing courtesy of Listing Agent: Carol Goode (grandhomesre@yahoo.com) from Listing Office: Grand Homes Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.