Lakeshore

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Lakeshore

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).

  • Located in the growing Lake Elsinore submarket of California
  • Land parcel spanning approximately 0.23 acres for development
  • Offered for sale at a list price of 299900
  • Positioned with coordinates at 33.6622 latitude and -117.3131 longitude
  • Suitable for investors targeting regional growth in Riverside County

What's Special

Lake Elsinore serves as a key inland destination within Riverside County, characterized by steady population growth and proximity to major regional transit corridors. This 0.23-acre land parcel at Lakeshore provides a distinct footprint in a developing market environment. Given the area's ongoing residential and commercial expansion, the site presents a strategic holding for parties interested in local land acquisition. Investors and developers may evaluate the plot for various ground-up development initiatives aligned with current zoning and regional land-use trends. The property benefits from its accessibility within the Southern California inland empire, where demand for usable land remains consistent as the submarket matures. Prospective buyers should conduct independent due diligence regarding site-specific development requirements and local municipal regulations to determine the optimal use for this parcel.

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NOI
$80,000
Cap Rate
26.68%
DSCR
4.49
Strong
Cash-on-Cash
69.13%
Monthly Payment
$1,483.742
Annual Cash Flow
$62,195.101

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