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Listed by Carol Goode • Grand Homes Real Estate
$489,000
Est. payment /mo
0.41 Acres Lot
Price Dropped by $10K
305 Line ST Lake Elsinore, CA 92530
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG25164027
Year Built 1962
Lot Size 0.410 Acres
Property Sub-Type Triplex
Source California Regional MLS
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.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Laundry Other
Exterior
Garage Spaces 1.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 374273006
Special Listing Condition Not Applicable
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