FLAT LOT!!! Possible to build 80 units. Buyer to do own due-diligences. Discover the epitome of commercial real estate potential in the heart of the dynamic Lake Elsinore landscape. This prime low density residential project strategically positioned at the crossroads of Diamond Drive and Campbell Street, is a vast expanse of 2.35 acres, identified by the parcel numbers 363-162-024, 363-162-025, 363-162-039, and 363-162-030. Potential investors should note that the property's zoning allows for 64 units and 16 ADUs, but it is essential to verify and confirm these details through personal research and consultation with professionals or city authorities. Seize this opportunity to shape the future of this prime low density property in the thriving Lake Elsinore community. The canvas is vast, the potential is boundless—your vision awaits. Boasting a strategic location near the 15 Freeway, this property ensures convenient accessibility while maintaining a significant buffer of over 500 feet from health checkpoints. Adding to its allure, the location is in close proximity to the celebrated Lake Elsinore Storm, offering effortless connectivity to South Orange County via the 74 Ortega Highway and San Diego County via the 15 Freeway. This exceptional opportunity is tailor-made for forward-thinking developers, with a particular focus on the prospect of a residential project. The expansive 2.35-acre canvas opens the door to endless possibilities. Currently situated in a low-density area, the property allows for the construction of 64 units and 16 Accessory Dwelling Units (ADUs), providing a canvas for potential cash flow, affordable housing, or a condominium development. Prospective buyers are encouraged to conduct their due diligence to unlock the full potential of this remarkable land listing. The property's versatility and strategic location make it an ideal canvas for a range of developments. Whether envisioning a lucrative cash cow, affordable housing units, or a condominium project, this listing holds the key to realizing your vision.
Property Details
Property Features
Listing Office:
Office Name: Titan One Real Estate
Office Phone: (626) 348-9755
Listing Agent: Phyllis Cheng
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 2.39 Acres
Other
Directions Information:
Directions: Corner of Campell St
Price Information
Listing Price Info
Price Summary:
List Price: $1,400,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lake Elsinore, CA.
This property is $810.5K more than the Median Sold Price in Lake Elsinore, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24164544
Listing Office:
Office Name: Titan One Real Estate
Office Phone: (626) 348-9755
Listing Agent: Phyllis Cheng
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,055
Per Month
Principal & Interest
$6,988
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,264
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Railroad Canyon Elementary School
1300 Mill St
Distance between this listing and this school0.70 miles
Public District Grades KG-5
8
/10
Tuscany Hills Elementary School
23 Ponte Russo
Distance between this listing and this school2.04 miles
Public District Grades KG-5
3
/10
Elsinore Elementary School
512 W Sumner Ave
Distance between this listing and this school2.12 miles
Public District Grades KG-5
Nearby Schools
3
/10
Lakeland Village School
18730 Grand Ave
Distance between this listing and this school2.54 miles
Public District Grades KG-8
3
/10
Elsinore Middle School
1203 W Graham Ave
Distance between this listing and this school2.55 miles
Public District Grades 6-8
4
/10
Canyon Lake Middle School
33005 Canyon Hills Rd
Distance between this listing and this school2.65 miles
Public District Grades 6-8
Nearby Schools
6
/10
Elsinore High School
21800 Canyon Dr
Distance between this listing and this school2.64 miles
Public District Grades 9-12
4
/10
Ortega High School
520 Chaney St Bldg 100
Distance between this listing and this school2.65 miles
Public District Grades 9-12
3
/10
Keith Mccarthy Academy
1405 Ed Way
Distance between this listing and this school2.66 miles
The neighbors living near this home have an average income of $31,930. Most Lake Elsinore, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Diamond Dr
What is the listing price of this property?
The listing price of 0 Diamond Dr property is $1,400,000.
What type of property is this?
The property 0 Diamond Dr is land located in Lake Elsinore, California, 92530.
Is this property for sale now?
Active Listing: 0 Diamond Dr is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0 Diamond Dr in Lake Elsinore, CA and zip code 92530 in the Lake Elsinore Hills neighborhood. This home sits on a 2.39 acre lot. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $1,400,000.
In October 2024, from all listings sold in Lake Elsinore, CA there were more than 25 sold above asking price, over 11 sold below and more than 23 were sold right at the asked price. The inventory of homes for sale in Lake Elsinore, CA between September 2024 and October 2024 decreased by 3.1%. The median list price of listings available in October 2024 was $589,427, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
College Football
College Football
Figure Skating
Pro Wrestling
Express/Express For Men
Kmart
Family Dollar
Sonic
Bob Evans
Dominos Pizza
Kia
Buick
Ford
New Country
Oldies
Country