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Back Diamond Drive
Off Market

Diamond Drive

Lake Elsinore CA 92530

104108 sq. ft.
Land
Last sold for $1,150,000
Phyllis ChengPhyllis Cheng, last sold this property on 28 April 2026 after 301 days on market.

Overview

FLAT LOT!!! Possible to build 80 units. Buyer to do own due-diligences. Discover the epitome of commercial real estate potential in the heart of the dynamic Lake Elsinore landscape. This prime low density residential project strategically positioned at the crossroads of Diamond Drive and Campbell Street, is a vast expanse of 2.35 acres, identified by the parcel numbers 363-162-024, 363-162-025, 363-162-039, and 363-162-030. Potential investors should note that the property's zoning allows for 64 units and 16 ADUs, but it is essential to verify and confirm these details through personal research and consultation with professionals or city authorities. Seize this opportunity to shape the future of this prime low density property in the thriving Lake Elsinore community. The canvas is vast, the potential is boundlessyour vision awaits. Boasting a strategic location near the 15 Freeway, this property ensures convenient accessibility while maintaining a significant buffer of over 500 feet from health checkpoints. Adding to its allure, the location is in close proximity to the celebrated Lake Elsinore Storm, offering effortless connectivity to South Orange County via the 74 Ortega Highway and San Diego County via the 15 Freeway. This exceptional opportunity is tailor-made for forward-thinking developers, with a particular focus on the prospect of a residential project. The expansive 2.35-acre canvas opens the door to endless possibilities. Currently situated in a low-density area, the property allows for the construction of 64 units and 16 Accessory Dwelling Units (ADUs), providing a canvas for potential cash flow, affordable housing, or a condominium development. Prospective buyers are encouraged to conduct their due diligence to unlock the full potential of this remarkable land listing. The property's versatility and strategic location make it an ideal canvas for a range of developments. Whether envisioning a lucrative cash cow, affordable housing units, or a condominium project, this listing holds the key to realizing your vision.

Features

104108 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Lake Elsinore over the last 12 months, the estimated median property value of Diamond Drive is $48k.

Median value
$48k
Estimated value range
$5k - $2.17m
Median days on market
55
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Lake Elsinore. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for Diamond Drive

2026
Sold
$1,150,000
28 Apr 2026 by Phyllis Cheng, of Titan One Real Estate

Happy sellers in Lake Elsinore

92%
92% of sellers in Lake Elsinore reported that their sale price either exceeded or met their price expectations.

Lake Elsinore stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Lake Elsinore over the last 12 months.

Local market activity for land plots in Lake Elsinore

In the last 12 months, 101 land plots similar to Diamond Drive, have been sold.

This represents a 32% increase in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lake Elsinore

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Simon Quinones

Sellers who recommend Simon Quinones have praised them for being local expert, patient, clear communication, responsive, supportive, honest, and detail-oriented

  •   5   (124 reviews)
  •  2 Reviews in Lake Elsinore
  •  2 Sales in Lake Elsinore
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Jason Rowland

Sellers who recommend Jason Rowland have praised them for being local expert, responsive, reliable, supportive, clear communication, friendly, and honest

  •   5   (54 reviews)
  •  2 Reviews in Lake Elsinore
  •  1 Sale in Lake Elsinore
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Navid Nooryshokry

Navid Nooryshokry is a recommended agent for Lake Elsinore.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Lake Elsinore
  •  3 Sales in Lake Elsinore
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Charles Chacon Realty Group

Sellers who recommend Charles Chacon Realty Group have praised them for being local expert, attentive, dedicated, well-prepared, responsive, and proactive

  •   5   (88 reviews)
  •  1 Review in Lake Elsinore
  •  2 Sales in Lake Elsinore
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