Residential Development Opportunity in Lake
Mountain St, Lake Elsinore, CA 92530
For Sale
Contact for pricing
Residential land suitable for development in a desirable location.
Property SizeContact for details
Days on Market1314
Property Features for Mountain St
General Information
Standard status
Property subtype
Zoning
Listing Agency:
CENTURY 21 Masters
Listed By:
Ted Caligiuri · License CA #01109431
(760) 533-5343
Source:
Crexi
Added: Apr 7, 2023
Changed: Oct 25
Last Checked: Oct 25 at 10:36PM
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
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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).
Location Intelligence
Trade Area within ½ mile
83
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
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).
