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Olive

Lake Elsinore, CA 92530
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SqFt7,840

Sqft(Lot)

Don’t miss this incredible opportunity to own prime R3-zoned residential land in the growing city of Lake Elsinore, CA. The property is flat usable, making it ready for your next residential development project. Ideally located just off busy Grand Avenue and directly across from the Lake, this corner lot at Olive and Grand features paved streets on three sides, offering excellent access and visibility. R3 zoning allows for medium- to high-density residential uses, including multi-family housing such as apartments, duplexes, triplexes, fourplexes, townhomes, and ADUs (buyer to verify density, setbacks, and permitted uses with the City of Lake Elsinore and Riverside County). Beyond the property itself, the location is hard to beat. It’s just minutes from major shopping destinations including Costco, Target, Walmart, Home Depot, and Lowe’s, and offers quick access to Highway 74 and the I-15 Freeway for commuters. The area is also surrounded by popular local attractions such as Temecula Wine Country, Storm Baseball Stadium, Lake Elsinore Motorsports Park, and the Lake Elsinore Outlets. Whether you’re planning to build now or secure land for future residential development, this property offers strong upside potential in a rapidly growing market. R3-zoned parcels in such a prime location are increasingly rare on Grand Ave, this corner lot wont last long, contact us today to schedule your tour today!

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Detail Ic Property Details

Property Type : Land

Price : $99,000

AD Id : 74260622

MLS Id : SW26010710

Lot Size : 7,840 Sqft(Lot)

County : Riverside

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Feature Features

  • Lot Information

    Main Square Feet: 7840 Lot Size Acres: 0.18 Lot Size Source: Assessor Lot Size Square Feet: 7,840 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $99000
    Cash, Conventional, Submit

  • Tax Information

    Parcel Number: 381282043

  • Utility Information

    Sewer Not Available, Water Not Available
  • Location Information

    Direction: Coroner of Grand Ave and Olive St. Look for 16705 Grand Ave, Lake Elsinore, CA 92530 WaterSource: None
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Morberg Street, Lake Elsinore, CA, 92530 $13,500 -- -- -- 3,920.40 Sqft(Lot)
Morberg Street, Lake Elsinore, CA, 92530 $15,000 -- -- -- 4,356 Sqft(Lot)
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 07/25/2026 @ 10:00

MLS: SW26010710 LISTED BY: Raj Sharma, LEGACY HOMES REALTY 951-314-4251 SOURCE: CRMLS

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