305 Line Street, Lake Elsinore, CA

$489,000

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4

Beds

2

Baths

0.41

Acres

About 305 Line Street

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 redevelopment potential in a desirable location.

Features of 305 Line Street

MLS® # IG25164027
Price $489,000
Bedrooms 4
Bathrooms 2.00
Acres 0.41
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Active

Community Information

Address 305 Line Street
Area RIV CTY-LAKE ELSINORE (92530)
City Lake Elsinore
County Riverside
State CA
Zip Code 92530

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Fireplace Yes
Stories 1 Story

Additional Information

Date Listed July 20th, 2025
Days on Market 27
Zoning Assessor
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGrand Homes Real Estate

Listing Map

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