0 Mountain StLake Elsinore, CA 92530

Property Details for 0 Mountain St

Lot size

0.82 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.82-acre parcel, located on Mountain Street in Lake Elsinore, California (zip code 92530), presents a remarkable residential development opportunity. Zoned R1, the property boasts approved plans for the construction of up to three homes, making it ideal for builders or investors seeking to capitalize on the area's strong housing market. Existing homes in the immediate vicinity are valued at $600,000 and above, indicating significant potential for return on investment. The land's convenient location offers easy access to major transportation arteries, with less than a 5-minute drive to the I-15 freeway and under 7 minutes to Ortega Highway 74, providing seamless commutes to Orange County. Furthermore, a planned 32,000 square foot commercial development, including retail spaces, restaurants, and a fuel station, is underway on an adjacent 6-acre lot, promising increased neighborhood vibrancy and potential property value appreciation. This property is situated in a desirable residential area of Riverside County and represents a rare chance to build in a thriving, fast-growing community. The asking price for this exceptional land is $338,000.

Location Insight

City

Lake Elsinore

County

Riverside

State

California

Latitude

33.6986

Longitude

-117.394

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