Dont miss this incredible opportunity to own prime R3-zoned residential land in the growing city of Lake Elsinore, CA. The property is flat usable, making it ready for your next residential development project. Ideally located just off busy Grand Avenue and directly across from the Lake, this corner lot at Olive and Grand features paved streets on three sides, offering excellent access and visibility. R3 zoning allows for medium- to high-density residential uses, including multi-family housing such as apartments, duplexes, triplexes, fourplexes, townhomes, and ADUs (buyer to verify density, setbacks, and permitted uses with the City of Lake Elsinore and Riverside County). Beyond the property itself, the location is hard to beat. Its just minutes from major shopping destinations including Costco, Target, Walmart, Home Depot, and Lowes, and offers quick access to Highway 74 and the I-15 Freeway for commuters. The area is also surrounded by popular local attractions such as Temecula Wine Country, Storm Baseball Stadium, Lake Elsinore Motorsports Park, and the Lake Elsinore Outlets. Whether youre planning to build now or secure land for future residential development, this property offers strong upside potential in a rapidly growing market. R3-zoned parcels in such a prime location are increasingly rare on Grand Ave, this corner lot wont last long, contact us today to schedule your tour today!

Listed by Raj Sharma of LEGACY HOMES REALTY (951) 314-4251



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS®.

Last checked 2026