29 Lakeview

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29 Lakeview

Lake Elsinore, CA 92530
Asking Price
$300K
Asset Type
Land
Class
Class B

AI Property Summary

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

  • Residential land parcel offered for sale in Lake Elsinore
  • Elevated lot location provides unobstructed views of the lake
  • Site includes an installed water meter for immediate utility access
  • Electrical connections are established at the property for development use
  • Positioned in a growing suburban market within the Inland Empire

What's Special

This land parcel is currently for sale, presenting an ideal acquisition for an investor or individual homebuilder looking to develop in Lake Elsinore. Situated at 29 Lakeview, the lot occupies an elevated position above neighboring properties, offering expansive views of the surrounding mountains and the lake. This site is particularly well-suited for a custom residential build, benefiting from existing utility infrastructure. A water meter is already installed on-site, and electricity is available, simplifying the initial stages of the development process. Lake Elsinore remains a growing suburban market within the Inland Empire, known for its recreational opportunities and residential expansion. The region continues to attract those seeking proximity to larger metropolitan hubs while maintaining a distinct community character. With its specific topographic advantages and essential utilities in place, this property provides a clear foundation for residential projects intended to capture the scenic value of the area.

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NOI
$80,000
Cap Rate
26.67%
DSCR
4.49
Strong
Cash-on-Cash
69.10%
Monthly Payment
$1,484.236
Annual Cash Flow
$62,189.164

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