Residential Development Opportunity in Lake
For Sale
Contact for pricing
Mountain St, Lake Elsinore, CA 92530
Residential land suitable for development in a desirable location.
Property SizeContact for details
Days on Market1220
Property Features for Mountain St
General Information
Standard status
Active
Property subtype
Land
Zoning
R1
Listing Agency:
CENTURY 21 Masters
(760) 533-5343
Listed By:
Ted Caligiuri · License #CA 01109431
Source:
Crexi
Added: Apr 7, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Masters
Investment Insights
Based on property information with market context.
This residential land offers development opportunities in a desirable area surrounded by residential developments with homes in the $600k+ range. Zoned R1, the parcel can accommodate up to 3 homes. Commuters benefit from convenient access to the I-15 Freeway (less than 5 minutes away) and Ortega Highway 74 (less than 7 minutes away), providing easy access to Orange County. A planned commercial development is in the process of final entitlement on approximately 6 acres to the south of this property at the northwest corner of Mountain Street and Lake Street. The commercial project comprises an approximately 32,000 square foot retail center, including a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant. This property is located in a fast-growing community.
Key Highlights
- Zoned R1, allowing for the construction of up to 3 homes.
- Located in a desirable residential area with existing homes valued at $600k+.
- Convenient access to I‑15 Freeway (less than 5 minutes) and Ortega Highway 74 (less than 7 minutes).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land suitable for development in a desirable location.
Where is this residential land & home lot located?
The property is located at Mountain St Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Zoned R1, allowing for the construction of up to 3 homes.; Located in a desirable residential area with existing homes valued at $600k+.; Convenient access to I‑15 Freeway (less than 5 minutes) and Ortega Highway 74 (less than 7 minutes).
