Lake Home Active Under Contract near Lake Elsinore

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.

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.

Property Details

  • Beds: 2
  • Baths: 2.0
  • Sq Feet: 1173
  • Year Built: 1962
  • Location: Lake Elsinore
  • Acres: 0.410
  • County: Riverside County
  • Roof:
  • Stories: 1
  • MLS #: IG25164027

Location

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Contact Information:

Contact Agent
Listing Agent: Carol Goode, Grand Homes Real Estate, 951-850-3645, 951-850-3645 Listing Site, Listing Status: Active Under Contract
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home Active Under Contract in Lake Elsinore, California
Ad Number : 6438956
Viewed: 3 times
Added: Jul 21, 2025
Updated on: Aug 16, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.