- $1.4M Price
- 2.39 Acres
- 448 DOM
Diamond Drive
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.
Essential Information
- MLS® #AR24164544
- Price$1,400,000
- Bathrooms0.00
- Acres2.39
- TypeLand
- StatusActive Under Contract
Community Information
- AddressDiamond Drive
- Area699 - Not Defined
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Amenities
- UtilitiesNone, Water Not Available
- ViewNone
Exterior
- Lot DescriptionCorner Lot
Additional Information
- Date ListedAugust 15th, 2024
- Days on Market448
- ZoningCMU
Listing Details
- AgentPhyllis Cheng
- OfficeTitan One Real Estate
Price Change History for Diamond Drive, Lake Elsinore, (MLS® #AR24164544)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Phyllis Cheng, Titan One Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of November 8th, 2025 at 10:30am PST. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.