STANDARD SALE. Discover this inviting single-story home offering a solid foundation for both investors and future homeowners. Located walking distance to downtown Lake Elsinore, which is currently being revitalized. Car enthusiasts will appreciate the expansive, oversized garage, which accommodates three vehicles through two rolling gates. With three bedrooms and two bathrooms this 2001 built home is a solid structure with good bones. Whether you're looking for an investment property or a future family home, this property presents a great opportunity. Many addition and ADU opportunities with NO HOA. The City of Lake Elsinore's vibrant downtown is undergoing an exciting transformation. Rediscover Downtown is a series of seven current and future projects designed to enhance the downtown corridor. These civic improvements aim to improve the City's infrastructure, aesthetics, and public spaces, fostering a stronger sense of community and boosting local businesses while preserving downtown's historic charm and character. With a $67.5 million investment in our future, we're building a more connected, accessible, and beautiful downtown that residents and visitors will enjoy for years to come. PLEASE DO NOT DISTURB OCCUPANTS, MONTH TO MONTH LEASE @ TWO THOUSAND TWO HUNDRED AND TWENTY FOUR DOLLARS PER MONTH.($2,224). Buyer to verify all information, there is a full property inspection report and sale package available by request.
OPPORTUNITY KNOCKS - Enjoy this Multi-Family Residence...This is TWO Homes on a Lot * * Live in 1 Unit and Rent the Back House or RENT BOTH UNITS for an INCOME PRODUCING Property * * WONDERFUL Location is MINUTES to the LAKE * * The Main Home has a SPACIOUS floorplan of approx 1500sqft with 3 Bedrooms and 2 Full bathrooms * * Nice Living Room with Laminate Flooring * * Enjoy the REMODELED KITCHEN with Granite Counter Tops, Tiled Flooring, STAINLESS STEEL Appliances and In-Kitchen Dining Area * * Large Master Bedroom with Private Bathroom * * (2) Additional Nicely Appointed Bedrooms * * REAR Unit or GUEST HOUSE is a STUDIO Suite offering a 1 Bedroom & 1 Bathroom design and the Kitchenette has Granite Tops * * Large Spacious Fenced Backyard with TWO Covered Patios and a LONG Driveway * * Close to the Parks, Dining/Restaurants, Schools and the Lake!!
Exceptional investment opportunity in Lake Elsinore! Priced at $699,000, this property includes plans that have already been submitted to the city for approval and are Currently Under Review to convert the existing structure into a modern 4-plex, with each of the four units featuring three bedrooms and two bathrooms. The building offers a total of 4,194 sqft of living space, set on an 11,326 sqft lot in a prime R-3 High-Density Residential Zone, ideal for multi-family projects. Also there is a new ADU rule from Jan 2025, AB 1211, which will now allow 1 ADU for each unit. So this property can now have 4 small detached ADUs. This property boasts scenic views of Lake Elsinore and the Ortega Mountains, and is close to Lake Elsinore Beachfront Park, the casino, and Diamond Stadium. In addition to this property, two adjacent lots may be available for purchase at the right price, expanding the investment potential even further. Don't miss this rare opportunity—schedule a viewing today!
A must-see duplex a few blocks from the lake. Unit (A) front unit is a 3-bedroom 2 bath with a master bedroom. Unit (B) back unit is a 2- bedroom 1 bath. Each unit is one story, has its own yard and laundry access. 2 separate gas and electric meters. Each has its A/C system. The front unit has a 2-car attached garage, both units have a fireplace. Close to the lake, elementary and high school, highway 74, and shops. The property currently has a rental income of $3650/month. THE PROPERTY IS SELLING AS-IS AT THIS PRICE.
Lake Elsinore is located in California. Lake Elsinore, California has a population of 68,822. Lake Elsinore is more family-centric than the surrounding county with 41.53% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Lake Elsinore, California is $80,350. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Lake Elsinore is 31.8 years.
The average high temperature in July is 96.2 degrees, with an average low temperature in January of 39 degrees. The average rainfall is approximately 12.1 inches per year, with 0 inches of snow per year.
