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Phyllis Cheng
Titan One Real Estate
626-348-9755
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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 2.39
Lot Size Source: Assessor
Lot Size Square Feet: 104108.4
Original List Price: 1,350,000
Listing Contract Date: 2024-03-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 363162024
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Postal Code Plus 4: 9253
Directions: Corner of Campell St
Zoning: CMU
Source Property Type: Land
Area: 699 - Not Defined
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1 Londos, Lake Elsinore, CA,92530 | $37,500 | -- | -- | -- | 7841 Sqft |
11 Franklin E., Lake Elsinore, CA,92530 | $440,000 | -- | -- | -- | 55473 Sqft |
30 Country Club Blvd, Lake Elsinore, CA,92530 | $60,000 | -- | -- | -- | 38333 Sqft |
29 Stevens St, Lake Elsinore, CA,92530 | $35,000 | -- | -- | -- | 6488 Sqft |
5 Skyline Dr, Lake Elsinore, CA,92530 | $13,000 | -- | -- | -- | 2614 Sqft |
Calkin, Lake Elsinore, CA,92530 | $20,000 | -- | -- | -- | 2614 Sqft |
9 Ulmer, Lake Elsinore, CA,92530 | $16,000 | -- | -- | -- | 3485 Sqft |
71 Howlett, Lake Elsinore, CA,92530 | $40,000 | -- | -- | -- | 16553 Sqft |
7 Main St, Lake Elsinore, CA,92530 | $150,000 | -- | -- | -- | 9148 Sqft |
6 Main St, Lake Elsinore, CA,92530 | $150,000 | -- | -- | -- | 9148 Sqft |
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ByOwner last updated this listing 04/27/2024 @ 03:13
MLS: AR24049720
LISTED BY: Phyllis Cheng, Titan One Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.