18240 Grand

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18240 Grand

Lake Elsinore, CA 92530
Asking Price
$750K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Five-acre land parcel available for sale in Lake Elsinore
  • The property is located in the growing Inland Empire submarket
  • Asset is situated at 18240 Grand in Riverside County
  • The asking price for the land is 750,000 dollars
  • Site offers potential for diverse development and land use

What's Special

Lake Elsinore remains a growing suburban market within Riverside County, characterized by consistent residential expansion and a strategic position along the Interstate 15 corridor. This five-acre land parcel at 18240 Grand presents a sizeable development prospect for parties looking to establish a footprint in this evolving Southern California region. Given the scale of the site and the surrounding landscape, the property is suited for various land-use applications dependent on municipal approval and local zoning designations. The site offers significant acreage for potential investors or developers seeking to capitalize on the increasing demand for space in the Inland Empire submarket. With its geographic placement near major regional thoroughfares, this land provides accessibility to the broader metropolitan area while serving the needs of the local community. The parcel represents a straightforward acquisition opportunity for those focused on land banking or future-ready project planning in a region undergoing steady transformation.

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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