0 Olive, Lake Elsinore, CA 92530
Riverside County
Key Facts
Description
Don’t miss this incredible opportunity to own prime R3-zoned residential land in the growing city of Lake Elsinore, CA. The property is flat usable, making it ready for your next residential development project. Ideally located just off busy Grand Avenue and directly across from the Lake, this corner lot at Olive and Grand features paved streets on three sides, offering excellent access and visibility. R3 zoning allows for medium- to high-density residential uses, including multi-family housing such as apartments, duplexes, triplexes, fourplexes, townhomes, and ADUs (buyer to verify density, setbacks, and permitted uses with the City of Lake Elsinore and Riverside County). Beyond the property itself, the location is hard to beat. It’s just minutes from major shopping destinations including Costco, Target, Walmart, Home Depot, and Lowe’s, and offers quick access to Highway 74 and the I-15 Freeway for commuters. The area is also surrounded by popular local attractions such as Temecula Wine Country, Storm Baseball Stadium, Lake Elsinore Motorsports Park, and the Lake Elsinore Outlets. Whether you’re planning to build now or secure land for future residential development, this property offers strong upside potential in a rapidly growing market. R3-zoned parcels in such a prime location are increasingly rare on Grand Ave, this corner lot wont last long, contact us today to schedule your tour today!
Property Information
Property Type
Land
Lot Size
0.18 acres
Zoning
R-3
Days on Market
160
MLS® Listing#
SW26010710
Property Features
Lot Features
Community
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
381282043
Directions
Coroner of Grand Ave and Olive St. Look for 16705 Grand Ave, Lake Elsinore, CA 92530
Affordability Calculator
$19,800
Estimated monthly payment
$527/mo
Principal $79,200 · Est. interest $110,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Elsinore, CA
- $661,139
- Median Listing Price
- 69
- Median Days on Market
- 1,840
- Median Sq Ft
- $389
- Median Price / Sq Ft
- 1,821
- Active Listings
- This home’s price is 85% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Elsinore, CA.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 22936 Giant Fir, Canyon Lake, CA | $69,900 | — | — | — |
| 0 Sannelle Street, Lake Elsinore, CA | $69,970 | — | — | — |
| 0 De Brask Avenue, Lake Elsinore, CA | $69,999 | — | — | — |
| 15151 Gray Pine Road, Lower Lake, CA | $70,000 | — | — | — |
| 375 E Hwy 20 12, Upper Lake, CA | $70,000 | 2 | 1 | 756 |
| 0 Miller Street, Lake Elsinore, CA | $70,000 | — | — | — |
Moving Cost Estimate
Listing Courtesy: LEGACY HOMES REALTY - 951-314-4251
Presented by: Raj Sharma and Josephine Sharma
Licensed in the state of California.