0 Diamond DR, Lake Elsinore, CA 92530 – AR24164544

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,400,000

Est. payment - /mo

2.39 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID AR24164544

HOA Y/N No

Lot Size 2.390 Acres

Property Description

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.

Location

State CA

County Riverside

Area 699 - Not Defined

Zoning CMU

Interior

Fireplace No

Exterior

Community Features Suburban

Utilities Available None, Water Not Available

View Y/N No

View None

Building

Lot Description Corner Lot

Water None

New Construction No

Others

Senior Community No

Tax ID 363162024

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

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Listed by Phyllis Cheng Titan One Real Estate 626-348-9755

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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0 Diamond DR Lake Elsinore, CA 92530

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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