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20787 Alameda Del Monte
About This Property
This spacious 0.9-acre lot is the perfect canvas for your future home-ideally located just 13 minutes from the lake and 10 minutes from downtown. Set in a quiet residential neighborhood with easy access to major roads, you'll enjoy the peace of suburban living while staying close to shopping, dining, and entertainment.
Surrounded by elegant villas and custom-built homes-many with swimming pools-this area blends the charm of an established community with the excitement of continued growth. The lot is build-ready with existing utility connections, including gas, electricity, and water, making your construction process smooth and efficient.
The property previously supported a mobile home, confirming its suitability for residential use. A concrete foundation remains, along with a mature garden filled with fruit trees such as oranges, lemons, grapefruits, and olives. Just a block away, cobblestone streets and upscale developments reflect the area's rising value and appeal.
Whether you're dreaming of a cozy cottage or a modern luxury home, this lot provides the space and flexibility to make it happen. Don't miss this rare opportunity to own land in one of Lake Elsinore's most desirable and fast-growing neighborhoods-where nature, convenience, and creativity come together.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2025 | Listed by Villa Real Estate Partners Inc | $350,000 | |
| Listed by Villa Real Estate Partners Inc | |||
| Jun 19, 2025 | Price Decreased |
$369,000
↓ $50K
(11.9%) | |
| Price Decreased | |||
| May 7, 2025 | Listed | $419,000 | |
| Listed | |||
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Build Your Dream Home in Lake Elsinore!
This spacious 0.9-acre lot is the perfect canvas for your future home—ideally located just 13 minutes from the lake and 10 minutes from downtown. Set in a quiet residential neighborhood with easy access to major roads, you’ll enjoy the peace of suburban living while staying close to shopping, dining, and entertainment.
Surrounded by elegant villas and custom-built homes—many with swimming pools—this area blends the charm of an established community with the excitement of continued growth. The lot is build-ready with existing utility connections, including gas, electricity, and water, making your construction process smooth and efficient.
The property previously supported a mobile home, confirming its suitability for residential use. A concrete foundation remains, along with a mature garden filled with fruit trees such as oranges, lemons, grapefruits, and olives. Just a block away, cobblestone streets and upscale developments reflect the area's rising value and appeal.
Whether you're dreaming of a cozy cottage or a modern luxury home, this lot provides the space and flexibility to make it happen. Don’t miss this rare opportunity to own land in one of Lake Elsinore’s most desirable and fast-growing neighborhoods—where nature, convenience, and creativity come together.
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| Nov 30, 2018 | Sold | ||
| Sold | |||
| Jun 12, 2018 | Listed by Coldwell Banker Res-Vail Ranch | $190,000 | |
| Listed by Coldwell Banker Res-Vail Ranch | |||
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Approximately .9 acre lot with perc and utilities, water and electric meter on the lot. Ready to Build… New Manufactured home has been designed approximately 1,500 square feet, by Easy Living Homes, Ready to go. Storage build all set. There are 9 historic olive trees, approximately 150 years old, fruit trees, Orange, Lemon, Avocado, setup on automatic sprinklers. Good for horses and other farm pets.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017