305 Line Street, Lake Elsinore, CA 92530

Local realty services provided by:ERA Carlile Realty Group
#1#2#3
305 Line Street,Lake Elsinore, CA 92530
$489,000
  • - Beds
  • - Baths
  • 1,173 sq. ft.
  • Multi-family
  • Active
Listed by:carol goode
Office:grand homes real estate
MLS#:IG25164027
Source:CRMLS

Price summary

  • Price:$489,000
  • Price per sq. ft.:$416.88

About this home

Prime R3 Zoned Development Opportunity in Lake Elsinore Attention Investors and Developers! Seize this exceptional opportunity to acquire a substantial, Approx 18,000 sq ft R3-zoned lot in the thriving City of Lake Elsinore. This property offers immense potential for multi-unit development, with specific building guidelines available through the City of Lake Elsinore Planning Department. Currently, the property features a main residence generating rental income. Additionally, there are two existing outbuildings, presently utilized for storage, which hold future potential for permitted units or auxiliary structures. At this time the 2 units are not permitted for units, storage only For those envisioning significant development, this expansive parcel provides ample space to demolish the existing structures and construct multiple new units, complete with dedicated garage parking. This offering represents a rare chance to capitalize on a property with tremendous

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Home facts

  • Year built:1962
  • Listing Id #:IG25164027
  • Added:27 day(s) ago
  • Updated:August 18, 2025 at 10:26 AM

Rooms and interior

  • Living area:1,173 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:1,173 sq. ft.
  • Lot area:0.41 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$489,000
  • Price per sq. ft.:$416.88
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