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28857 Lake

Lake Elsinore, CA 92530
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SqFt196,020

Sqft(Lot)

**Prime Residential & Commercial Development Opportunity – Lake Elsinore** Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore’s expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development. The property consists of **two residential/land parcels**: * A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans. * A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility fo r redevelopment or income-producing improvements. These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development. The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area’s long-term growth potential. This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.

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Detail Ic Property Details

Property Type : Land

Price : $2,600,000

AD Id : 75173548

MLS Id : OC26029361

Lot Size : 196,020 Sqft(Lot)

County : Riverside

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Feature Features

  • Lot Information

    Main Square Feet: 4.5 Lot Size Acres: 4.5 Lot Size Source: Assessor Lot Size Square Feet: 196,020 Lot Description: 2-5 Units/Acre

  • Listing Price Information

    Listing Price: $2600000
    Original Price: $3.8
    Cash, Conventional, Trust Conveyance

  • Tax Information

    Parcel Number: 389030029 Tax Lot: 9

  • Location Information

    Direction: North East corner at Lake Street and Running Deer Road WaterSource: Public
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Nearby Home Value

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Morberg Street, Lake Elsinore, CA, 92530 $13,500 -- -- -- 3,920.40 Sqft(Lot)
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7 Turtle Creek Rd,, Lake Elsinore, CA, 92530 $450,000 -- -- -- 1,763,309 Sqft(Lot)
Via Del Lago, Lake Elsinore, CA, 92530 $350,000 -- -- -- 1,665,734 Sqft(Lot)
5 Mesa Drive, Lake Elsinore, CA, 92530 $164,900 -- -- -- 16,117 Sqft(Lot)
Butters Avenue, Lake Elsinore, CA, 92530 $25,000 -- -- -- 6,229 Sqft(Lot)
Lake Park Street, Lake Elsinore, CA, 92530 $34,900 -- -- -- 4,356 Sqft(Lot)
E. Lakeshore Drive, Lake Elsinore, CA, 92530 $235,000 -- -- -- 16,553 Sqft(Lot)
Herbert Ave, Lake Elsinore, CA, 92530 $37,500 -- -- -- 4,356 Sqft(Lot)
Herbert, Lake Elsinore, CA, 92530 $35,000 -- -- -- 4,356 Sqft(Lot)

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ByOwner last updated this listing 08/12/2026 @ 17:08

MLS: OC26029361 LISTED BY: Genesis White, Real Estate Source, Inc 916-307-3444 SOURCE: CRMLS

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