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    1510 Mountain St Lake Elsinore, CA 92530

    Sponsored
    For Sale
    $448,000

    Prime R1 lot, build up to 4 homes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional residential development opportunity in Lake Elsinore, CA, awaits. This 0.96-acre parcel, located at 1510 Mountain Street (APN 389-030-006), is zoned R1 and offers approved plans for the construction of four homes. Situated in a desirable residential area with existing homes valued at $600,000+, this property presents a unique chance to capitalize on the burgeoning market. Utilities are conveniently located nearby on Mountain Street. Enjoy easy access to major transportation arteries, with the I-15 Freeway less than 5 minutes away and Ortega Highway 74 (providing access to Orange County) under 7 minutes. Further enhancing the area's appeal is a planned commercial development, currently undergoing final entitlement, on approximately 6 acres to the south. This project will include a 32,000 square foot retail center featuring a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant. The asking price for this exceptional property is $448,000. Don't miss this chance to build your dream home or develop multiple homes in a rapidly growing community.

    Property Features for 1510 Mountain St

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • 0.96‑acre residential development site in Lake Elsinore, CA (APN 389‑030‑006).
    • Approved plans for four homes; R1 zoning.
    • Desirable location with comparable homes valued over $600,000.
    • Utilities readily accessible on Mountain Street.
    • Minutes from I‑15 and Ortega Highway 74.
    • Adjacent to a planned 6‑acre commercial development (32,000 sq ft retail center).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.3927917
    Latitude
    33.6988256

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    FAQs

    What type of property is this?
    Land - Prime R1 lot, build up to 4 homes.
    Where is this land located?
    The property is located at 1510 Mountain St Lake Elsinore, CA.
    What is the asking price?
    The asking price for this property is $448,000.
    What are key features of this property?
    This property features: 0.96-acre residential development site in Lake Elsinore, CA (APN 389-030-006).; Approved plans for four homes; R1 zoning.; Desirable location with comparable homes valued over $600,000.
    (760) 533-5343
    Request Owner's contact information
    1510 Mountain 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
    1510 Mountain St Lake Elsinore, CA 92530
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