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.
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.
Property Details
Price:
$489,000
MLS #:
IG25164027
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Dec 15, 2025
Total Sq Ft:
1,173
Lot Size:
17,860 sqft / 0.41 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Laundry Features
OUT
Exterior
Community Features
BIKI
Parking Spots
1
Financial
Map
Community
- Address305 Line ST Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Market Summary
Current real estate data for Single Family in Lake Elsinore as of Jan 02, 2026
129
Single Family Listed
43
Avg DOM
282
Avg $ / SqFt
$601,382
Avg List Price
Property Summary
- 305 Line ST Lake Elsinore CA is a Single Family for sale in Lake Elsinore, CA, 92530. It is listed for $489,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1962. The average price per square foot for Single Family listings in Lake Elsinore is $282. The average listing price for Single Family in Lake Elsinore is $601,382.
Similar Listings Nearby
Courtesy of Grand Homes Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.305 Line ST
Lake Elsinore, CA