0 Illinois St, Lake Elsinore, CA 92530

Property Description

This is an opportunity to those who are interested in securing a location to park money in these uncertain times or build with a potential to earn multi stream of income from a single transaction. Seller(s) own free and clear. Submit all offers owners are flexiable on terms. Lake elsinore ca. 92530 r2 zoned vacant all flat land ready to build. Seller financing 30% down >>>6% <<< intrest rate $500.00 month all due in 5 years. $10,000.00 discount for all cash purchase. Parcel numbers prior to merger 375-023-015, 375-023-016, 375-023-017, 375-023-018 and 375-023-036 combined parcel number 375-023-065 completion date july-august 2022. Deemed accurate but not guaranteed buyer to verify all information to their satisfaction buyers to complete all due diligence. Lots that fronts illinois street is 125’ across x 80’ deep with water, power and sewer located in the street. 375-023-036 fronts reid street and measures 25’ across x 80’ deep with water, power and sewer located in the street and butt into the front lots that fronts illinois street. This gives those lots that butts to each other a 160’ run street to street connection. Seller(s) have spent thousands in survey and fees to merge all parcels into a single parcel, the new (pending) parcel number is 375-023-065 and is +/- 12,000 sq. Ft. With its r2 zoning it will accommodate (2) two single family residential units with up to a 1200 sq. Ft. Adu attached to each. Adu are known as accessory dewelling units giving investors a potential of (4) rental unit with tax savings as they are considered as (2) two single family residential units not (4) individual units. Google map lots they sit between 29900 and 29780 illinois street lake elsinore california 92530. Highest and best use conforming to r2 zoning to be determined by buyer.