420 N Langstaff Street

Lake Elsinore, CA 92530

$159,000

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Property Description

New multi-family development opportunity in the heart of Lake Elsinore. This 9000 square-foot corner lot is zoned R-3. This lot includes approved building plans to develop a 4-unit residential apartment building with the option of two added garage apartment ADU’s for additional rental income. Building plans consist of two 2-bedroom/2 bath units and two 1-bedroom/1bath units. A total of six bedrooms and eight bathrooms. Each unit includes open concept floor-plans, in-unit washer/dryer, 9 ft ceilings and private backyards. Great investment opportunity for the builder, investor and developer who wants to invest in one of the fastest growing cities in the country. Centrally located in Riverside County, within close proximity to the 15 freeway, schools, parks, shops, and public transportation. Utilities located at the street. Buyer to perform their own due diligence.

Listing Information

List Price $159,000
Status Pending
MLS OC24201928
HOA $0
Type Land
Lot Size 8,712
Structure Size N/A
DOM 8
Courtesy Of eXp Realty of California Inc
Listing Agent Alton Jones DRE#01443050

Interior Features

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Maps

Listing information courtesy of: Alton Jones, eXp Realty of California Inc 562-553-8288. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 4th, 2024 at 8:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.