0 Olive

Lake Elsinore, CA92530

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



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Last checked 2026