433 Diamond Dr Lake Elsinore, CA 92530
This exceptional 5,400 square foot medical office building, situated at 433 Diamond Dr, Lake Elsinore, CA 92530, presents a compelling investment opportunity. Built in 2022, this single-story property boasts six individual units, each offering approximately 900 square feet of versatile space. The asking price is $2,750,000, translating to $610.19 per square foot and $549,166.67 per unit. The property sits on a 20,038 square foot lot and includes 18 parking spaces. Its convenient location near the I-15 freeway ensures easy access for both patients and staff. The property is currently vacant, providing a blank canvas for a new owner to customize the space to their specific needs, whether for a single practice or multiple tenants. The permitted zoning is C-@ per City of Lake Elsinore; however, buyers are strongly encouraged to independently verify zoning regulations and permitted uses. This turnkey property offers significant potential for growth and profitability within the thriving healthcare market of Lake Elsinore. The APN is 363162045. This is a rare opportunity to acquire a modern, well-located medical office building in a rapidly growing area. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1 · Lake Elsinore, CALake Elsinore. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.