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    305 Line St Lake Elsinore, CA 92530

    Sponsored
    For Sale
    Under Contract
    $489,000

    Single Family Residence - Lake Elsinore, CA

    Type:Single Family Residence
    Property size:
    1,173 SF
    Lot size:
    17,860.00 Acres
    Days on Market:
    27
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 305 Line St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active Under Contract
    Zoning
    R3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    374273006
    Parking
    1
    Exterior features
    Community Features Included: Biking, Lot 10000-19999 Sqft
    Size
    1,173 SF
    Lot size
    17,860.00 Acres

    Building Details

    Year built
    1962
    Floors in Building
    1
    Number of units
    3
    Architectural style
    Other

    Grand Homes Real Estate (951) 736-0991 [email protected]

    Listing agent Carol Goode (951) 850-3645 License #00700895

    Listing date Dec 15, 2025

    MLS# IG25164027 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Elsinore R3 Zoned Lot

    Located in Lake Elsinore, this property presents a development opportunity with its R3 zoning. The lot spans approximately 18,000 square feet and offers potential for multi-unit development, subject to building guidelines from the City of Lake Elsinore Planning Department. Currently, a main residence on the property generates rental income. Additionally, there are two outbuildings used for storage, which may have potential for permitted units or auxiliary structures. The expansive parcel allows for the possibility of demolishing the existing structures to construct multiple new units with dedicated garage parking. The property includes a 1,173 square foot building. The lot size is approximately 0.41 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.3294213
    Latitude
    33.664929

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    FAQs

    What type of property is this?
    Residential land & home lot - R3-zoned lot with multi-unit development potential in Lake Elsinore.
    Where is this residential land & home lot located?
    The property is located at 305 Line St Lake Elsinore, CA.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - Prime R3 Zoned Lot: Ideal for multi-unit development.; - Substantial Lot Size: Approximately 18,000 sq ft providing ample space for construction.; - Rental Income: Main residence currently generates income.
    (951) 850-3645
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    305 Line St Lake Elsinore, CA 92530
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    Lake Elsinore, CA 92530
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Line St Lake Elsinore, CA 92530
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