Lake Elsinore City CA Historical Real Estate, Homes for Sale

Turnkey 3-Suite Retail-Zoned Office Building. Move-in-ready property with retail zoning and three separate suites, ideal for investors, owner-users, or entrepreneurs. Upgraded flooring throughout, a shared kitchenette, and a dedicated meeting room that impresses clients. Lease all three suites for income or occupy one and let the others offset your costs. Flexible layout and a wider tenant pool thanks to retail zoning. Schedule your private showing today. This building is priced to sell fast.

31120 Riverside, Lake Elsinore

$419,000

2 Beds ⋅ 1 Baths ⋅ IV26221532 MLS ⋅ Active Status

If you’ve been searching for an affordable home with the updates already taken care of, this could be the one. This thoughtfully updated 2-bedroom, 1-bath home offers 924 sq ft of move-in ready living space, with new flooring and fresh paint throughout creating a clean, cohesive look from room to room. The kitchen has been renovated and features a new stovetop, and the bathroom has been remodeled with modern finishes. New mini-split systems provide efficient heating and cooling year-round, and new ceiling fans add comfort in every room. Life in Lake Elsinore offers a lot to enjoy. The city is home to the largest natural freshwater lake in Southern California, popular for boating, fishing, and weekends by the water. The surrounding hills and nearby trails offer scenic hiking, and locals can catch a Lake Elsinore Storm baseball game at Diamond Stadium or shop at the Lake Elsinore Outlets. It’s a community with a relaxed, small-town feel and steady growth. Freeway access is close by, making commutes throughout the Inland Empire and beyond quick and convenient. For first-time buyers ready to stop renting and start building equity, 103 Flint Street is worth a look.

103 Flint Street, Lake Elsinore

$699,000

3 Beds ⋅ 1 Baths ⋅ SW26217965 MLS ⋅ Active Status

Step into a warm and welcoming retreat tucked away in Lake Elsinore’s historic Country Club Heights, where storied Golden Age charm meets relaxed modern living. Rumored to have once welcomed Hollywood legends like Bob Hope, Mae West, and Fred Astaire under the hospitality of star Toby Wing, this California Ranch sanctuary now invites you to write your own chapter of easy comfort. Arriving up the 180-foot widened driveway framed by a newer retaining wall, you immediately feel a sense of seclusion and peace. Inside, thoughtful updates seamlessly complement timeless character, from the inviting wood flooring in the dining area and vintage tile in the kitchen to the cozy stone fireplace warming the primary suite. Modern peace of mind is woven throughout with an updated electrical panel, copper water lines, an oversized hot water heater, a dual mini-split HVAC system, double-pane windows and doors, and window coverings with a lifetime guarantee. A bright loft and expanded front entry provide generous living space, while a large crawl space, detached workshop, and detached gardening shed offer room for every hobby and storage need. Outside, newer roofs protect both the garage and extra-large A-frame carport, and three generous decks provide the perfect vantage point to unwind, take in panoramic lake views, and savor quiet sunset moments. Ready to wrap you in comfort, this home is a rare historic gem waiting to welcome you through the front door.

29431 Pierce Avenue, Lake Elsinore

$210,000

2 Beds ⋅ 2 Baths ⋅ IG26215471 MLS ⋅ Pending Status

Geat opportunity in Lake Elsinore! Major fixer with excellent potential for an investor, contractor, or buyer looking for a renovation project. Conveniently located within walking distance to the revitalizing downtown district and just minutes from the lake, restaurants, shops, and local amenities. Property is in need of extensive repairs and updating and is being sold in its present condition. The lot may offer potential for an additional dwelling unit or second structure, subject to zoning, permits, development standards, and governmental approvals. Buyer to independently investigate and verify permitted uses, development potential, and feasibility. Bring your vision and make this property your own.

214 E Peck, Lake Elsinore

$475,000

2 Beds ⋅ 1 Baths ⋅ OC26214443 MLS ⋅ Active Status

This is your chance to get in on the growing demand in Downtown Lake Elsinore! 314 Acacia is a truly unique property offering character, flexibility, and exciting future potential. Completely renovated approximately three years ago, the home features a newer roof and plumbing, in-unit laundry, beautifully resurfaced original hardwood floors, an updated kitchen and bathroom, and an extra-large finished basement/bonus space—ideal for a game room, home office, hobby space, or additional storage. The property offers generous outdoor space with multiple tiered areas for gardening, patio and entertaining areas, and beautiful lake views. The size and layout of the property may also provide opportunities to expand the existing home or explore an ADU for additional living space, multigenerational living, or potential rental use. Buyer to independently verify all development, expansion, and ADU possibilities with the City. Downtown Lake Elsinore continues to experience investment and planned development, with infrastructure improvements in the surrounding area, including sidewalks, curbs, and ongoing septic-to-sewer conversion. Enjoy a front-row seat to local fireworks and events, with views from the home, bedroom windows, or outdoor patio/deck. Conveniently located near the lake, parks, Downtown Lake Elsinore, and Diamond Stadium. A unique opportunity with substantial improvements already completed and plenty of possibilities still ahead. Don’t miss 314 Acacia!

314 Acacia, Lake Elsinore

$624,999

7 Beds ⋅ 4 Baths ⋅ SW26213355 MLS ⋅ Active Under Contract Status

Discover an exceptional multi-unit investment and development opportunity located at 18487 Grand Ave in Lake Elsinore. Offered at $624,999, this unique property sits on over 3 acres of beautiful, development-ready land, presenting a rare blend of immediate rental income potential and expansive space to realize a grander vision. This versatile property features four total income-producing units, providing a highly desirable mix for seasoned investors or those looking to offset their mortgage. The residential layout includes two one-bedroom, one-bathroom units, a comfortable two-bedroom, one-bathroom unit, and a spacious three-bedroom, two-bathroom home. This flexible arrangement is perfect for generating multiple streams of cash flow or accommodating multi-generational living. Nestled in a great central location, the sprawling three-plus acre lot serves as the perfect canvas to build your dream home or expand your real estate portfolio. Residents will enjoy stunning, panoramic mountain views and a peaceful atmosphere while remaining conveniently close to local shopping, dining, and community amenities. Whether you are looking for a cash-flowing asset or the perfect site to make your development dreams come true acre by acre, this property delivers unbeatable value and potential. Opportunities featuring multiple units on this much usable land are incredibly rare. Don't miss your chance to secure a significant piece of Lake Elsinore real estate!

18487 Grand, Lake Elsinore

$365,000

2 Beds ⋅ 1 Baths ⋅ CV26213133 MLS ⋅ Pending Status

114 Davis, Lake Elsinore

$869,000

3 Beds ⋅ 3 Baths ⋅ SW26202104 MLS ⋅ Active Status

This beautiful custom home, and a fully operational existing business, a Country Store, are sold together on a .57-acre parcel. Both have long term tenants and are producing income currently. The home has 3 bedrooms, 2.5 baths, a basement and laundry room. A well-thought-out floor plan makes it versatile and great for entertaining. Additionally, a 2-car garage, attached to the home by the laundry room. The home is separated from the Country store by beautiful shrubs and trees. The property is well maintained, with automatic sprinklers, lots of shade, plants, trees and privacy. Perfect for moving in and having an instant source of income with the Store. Or to buy to add to your investment portfolio! The newly renovated Ortega Highway is driving up demand for this exact type of business opportunity. With its completion on the horizon, this investment is a wise decision.

32692 Ortega, Lake Elsinore

$2,400,000

7 Beds ⋅ 3 Baths ⋅ IG26203297 MLS ⋅ Pending Status

HISTORIC LAKE VIEW PROPERTY | 2 PARCELS | 5 BEDROOMS | SEPARATE 1,300± SF STRUCTURE | MIXED-USE ZONING Rare opportunity to own a historic Lake Elsinore property with stunning, unobstructed lake views and exceptional potential. The main residence offers 5 bedrooms and 2 bathrooms, featuring 3 bedrooms downstairs and 2 bedrooms upstairs. The spacious interior includes two separate living areas, original cedar beam ceilings, crown molding, original cedar wood floors, a charming parlor, built-in china cabinet, and 3 fireplaces with original granite stone. All rooms have potential of being converted to commercial office area, restaurant, retail shops etc etc THE POSSIBILITIES ARE ENDLESS. Central A/C and heat and updated copper plumbing add modern convenience while preserving the home's historic character. The primary suite features panoramic lake views and a private balcony. The property also includes a separate structure with its own address at 125 Library St. The structure has a separate electric meter, new electrical box and electrical installation, and shares a water meter with the main house. Seller states the structure is grandfathered as a second unit. This structure is unfinished and can be converted to Residential or Commercial use. Both parcels are included or can be sold separately. The property is located within a mixed-use zoning designation, offering potential for a variety of residential and commercial uses, subject to city approval and applicable zoning regulations. Potential uses to investigate may include residential, office, retail, coffee shop, restaurant, boutique, hotel, church, spa, and other mixed-use concepts. Conveniently located in the Historic heart of Lake Elsinore, within walking distance to the lake and minutes from the 15 Freeway. NO HOA and low taxes. A unique opportunity for an owner-user, investor, or buyer seeking a property with historic character, lake views, multiple structures, and future potential.

228 S Spring, Lake Elsinore

$464,900

3 Beds ⋅ 2 Baths ⋅ SW26194848 MLS ⋅ Active Status

Absolutely gorgeous fully renovated home. This home has had everything done from fully remodeled kitchen including new cabinets, quartz counter tops and stainless appliances. Both of the bathrooms have also been completely done with new vanities and walk in showers. All 3 bedrooms have their own mini split AC and heat, LED can lighting, stylish LVP flooring, large closets and window blinds. The back yard has plenty of space for entertaining and the garage has a plenty of space and includes a dedicated storage and laundry area. Super efficient home, block exterior walls, ABS drains. Property is centrally located with great freeway and Ortega access, close to schools and just a couple blocks to the lake.

33174 Tetterington, Lake Elsinore

$369,999

2 Beds ⋅ 1 Baths ⋅ SW26183614 MLS ⋅ Pending Status

Welcome to 33205 Zellar St. in Lake Elsinore, where thoughtful upgrades, energy efficiency, and smart design come together to create a home that lives far larger than its footprint. This beautifully updated property features SOLAR with a backup battery system, a NEW 200-amp electrical panel, complete electrical rewiring, NEW dual-pane windows, a 50-amp RV hookup with EV charger, and automation throughout for modern convenience. The BRAND-NEW kitchen has been completely redesigned with quartz countertops, soft-close cabinetry, ALL NEW Samsung appliances, an induction cooktop, farmhouse sink, and additional pantry cabinetry, maximizing storage while creating a bright, functional space. The remodeled bathroom features a walk-in shower, updated plumbing, and modern finishes, while three NEW mini-split systems with individual air handlers provide efficient year-round comfort. Every detail has been considered, from Philips Hue smart lighting with dimmers to child-safe rewired outlets throughout the home. Outside, you'll find a fully fenced yard with a mature shade tree, covered patio, and usable underground storage, along with a detached workshop complete with air conditioning that is currently used as a home office but could easily serve as a workshop, studio, or hobby room. The spacious covered porch includes the laundry area, while Ethernet wiring to the workshop, numerous exterior outlets, and extensive infrastructure improvements add everyday functionality. You'll enjoy beautiful lake views from the front porch and street, and a short drive to Launch Pointe (the new lakeside activity center with boat launch, concerts, camping events, fishing, etc) and all that Lake Elsinore has to offer. With all the major systems already updated, this move-in-ready home offers the perfect blend of charm, efficiency, and modern convenience.

33205 Zellar, Lake Elsinore

$435,000

2 Beds ⋅ 2 Baths ⋅ SW26149323 MLS ⋅ Active Under Contract Status

HUGE PRICE REDUCTION! Welcome to a home that feels easy to settle into from the moment you arrive. Just a short walk from Lake Elsinore, this charming two-story property offers the added perk of private access to the lake, making morning strolls, sunset views, and weekend outings feel wonderfully close. Inside, you’ll find a thoughtful layout with 2 bedrooms and 2 bathrooms, a beautiful kitchen, and tile flooring throughout the main living areas. The bedrooms feature gorgeous, upgraded flooring and offer generous space for comfort and relaxation. The living room brings warmth with its cozy fireplace and built-in speakers, creating a perfect setting for movie nights or quiet evenings at home. One of the standout features is the second floor den above the garage, finished with vinyl flooring and offering a spacious, flexible area ideal for a home office, studio, game room, or creative retreat. A welcoming home with character, comfort, and the added joy of being so close to the lake. Private access to the lake is one of the perks of this community, giving residents an added benefit for outdoor activities, scenic views, and peaceful surroundings.

32989 Pepper Drive, Lake Elsinore

$275,000

2 Beds ⋅ 2 Baths ⋅ 26871823 MLS ⋅ Pending Status

Sale is subject to short sale approval. Major foundation and plumbing issues.

32795 Crescent Avenue, Lake Elsinore

$550,000

3 Beds ⋅ 2 Baths ⋅ IG26165764 MLS ⋅ Active Status

Welcome to 1005 W. Sumner Avenue, where comfort, opportunity, and location come together in the heart of Lake Elsinore. This charming single-story home offers an inviting layout with abundant natural light and a spacious lot featuring endless possibilities. Enjoy beautiful lake and hillside views while being just minutes from Historic Downtown Lake Elsinore, shopping, dining, schools, and convenient freeway access. Recent upgrades include double pane windows, remodeled kitchen with new cabinets, countertops and appliance. Also newly remodeled baths, and upgraded tile and laminate flooring. Fresh paint in out completes the fresh and inviting look of this home. The generous lot provides ample space for outdoor entertaining, gardening, or future expansion. Buyers will appreciate the potential for an ADU (buyer to verify with the City), making this property an excellent opportunity for multigenerational living or added rental income. Whether you’re a first-time homebuyer, investor, or looking to downsize, this home offers incredible value and versatility in a rapidly growing community. Don’t miss your chance to own a property with character, peaceful views, and future potential! Plan your visit today!

1005 W Sumner, Lake Elsinore

$539,000

4 Beds ⋅ 3 Baths ⋅ 260018422SD MLS ⋅ Active Status

New Opportunity in Lake Elsinore! Whether you're searching for a flexible investment, your first home, or a property with room for extended family, 33220 Baldwin Blvd offers exceptional versatility and value. Ideally located just minutes from Lake Elsinore, this unique property features a spacious main residence with 2 bedrooms and 2 bathrooms, plus an additional non-permitted living area with 2 bedrooms, 1 bathroom, and separate private entrances, creating endless possibilities for a variety of living arrangements. Set on a generous lot with expansive front and back yards, there's plenty of outdoor space to entertain, garden, or explore future possibilities. Conveniently located near shopping, dining, schools, and recreation, this is a rare opportunity to own a property with flexibility and upside in one of Lake Elsinore's growing communities. Buyer to Verify: Tax records reflect 4 bedrooms and 1.75 bathrooms. The property is currently configured as a 2-bedroom, 2-bath main residence plus an additional non-permitted living area with 2 bedrooms and 1 bathroom. Buyers and their agents are advised to independently verify all permits, square footage, room counts, and intended uses of the property. Photo Disclosure: Listing photographs include original images, digitally altered images with furniture and personal property removed and virtually staged images to illustrate potential use of space. Original unaltered photos are included for reference. New Opportunity in Lake Elsinore! Whether you're searching for a flexible investment, your first home, or a property with room for extended family, 33220 Baldwin Blvd offers exceptional versatility and value. Ideally located just minutes from Lake Elsinore, this unique property features a spacious main residence with 2 bedrooms and 2 bathrooms, plus an additional non-permitted living area with 2 bedrooms, 1 bathroom, and separate private entrances, creating endless possibilities for a variety of living arrangements. Set on a generous lot with expansive front and back yards, there's plenty of outdoor space to entertain, garden, or explore future possibilities. Conveniently located near shopping, dining, schools, and recreation, this is a rare opportunity to own a property with flexibility and upside in one of Lake Elsinore's growing communities. Buyer to Verify: Tax records reflect 4 bedrooms and 1.75 bathrooms. The property is currently configured as a 2-bedroom, 2-bath main residence plus an additional non-permitted living area with 2 bedrooms and 1 bathroom. Buyers and their agents are advised to independently verify all permits, square footage, room counts, and intended uses of the property. Photo Disclosure: Listing photographs include original images, digitally altered images with furniture and personal property removed and virtually staged images to illustrate potential use of space. Original unaltered photos are included for reference.

33220 Baldwin Blvd, Lake Elsinore

$719,000

SW26164962 MLS ⋅ Active Status

Discover a unique investment opportunity in Lake Elsinore with this versatile three-unit property. Ideal for investors or owner-occupants, the property offers multiple income-producing possibilities—live in one unit while renting the others, accommodate extended family, or add a multifamily asset to your portfolio. Each residence provides private living space, while the property’s location offers convenient access to shopping, dining, recreation, major roadways, and Lake Elsinore’s scenic waterfront. With strong rental potential and flexible living arrangements, this triplex is an opportunity you won’t want to miss. Buyer to verify all unit details, permits, square footage, zoning, and rental information.

305 Line Street, Lake Elsinore

$380,000

2 Beds ⋅ 2 Baths ⋅ OC26160806 MLS ⋅ Active Status

Welcome to 32565 Wildomar Road in Lake Elsinore, a property offering comfort, flexibility, and exciting potential in a convenient Southern California location. This single story manufactured home features 2 bedrooms, 2 bathrooms, approximately 1,296 square feet of living space, and a versatile bonus office that provides additional room for working from home, pursuing hobbies, or creating a dedicated workspace. The open kitchen flows into the family room, creating a welcoming layout for everyday living, relaxing, and entertaining. Set on an approximately 6,098 square foot lot, equivalent to about 0.14 acres, the property offers valuable outdoor space with room to personalize and make your own. The spacious backyard provides possibilities for gardening, outdoor seating, entertaining, or creating a private outdoor retreat. A large driveway offers convenient off street parking for residents and guests. Located in the Lake Elsinore area of Riverside County, the property offers access to local shopping, grocery stores, restaurants, parks, and everyday essentials. Enjoy the recreational opportunities of nearby Lake Elsinore, along with local hiking, outdoor activities, and the surrounding scenic hills. The location also provides access to Interstate 15, connecting Lake Elsinore with surrounding communities including Wildomar, Menifee, Murrieta, Temecula, and Corona, as well as additional destinations throughout Riverside County and Southern California. Nearby shopping destinations, including Lake Elsinore Marketplace and the Outlets at Lake Elsinore, offer additional retail and dining options. Whether you are looking for a property with a functional layout, a generous outdoor area, or the opportunity to bring your own ideas and personal touches, this home offers plenty of possibilities to explore. Discover the potential and envision your next chapter at 32565 Wildomar Road, Lake Elsinore. NO HOA!

32565 Wildomar Road, Lake Elsinore

$549,000

260017737SD MLS ⋅ Pending Status

Investor Special in Lake Elsinore! Rare opportunity to own a 3-unit multifamily property just one block from the town center, featuring lake views and situated on a large 17,000 sq. ft. lot. The property includes a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit. When fully occupied, the property generates approximately $46000 + a year in rental income in current condition. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Hold to increase rental income or explore the development potential for more units or two separate building, ADU. Property is being sold as-is. Excellent location near downtown Lake Elsinore, schools, shopping, and easy freeway access. Great views of the Lake. Great opportunity for investors or developers looking to add value in a growing area!

176 Olive St, Lake Elsinore

$475,000

2 Beds ⋅ 1 Baths ⋅ P1-27916 MLS ⋅ Active Status

The charming lake house. Located in vista del lago Community, New Roof , update Cooper plumbing, New partial electrical and panel, New Paint throughout, renovated bathroom and kitchen area new lighting fixtures. A short walking distance from the Lake. NO HOA! Private key available for purchase not for public use. Delivered vacant!

32961 Urban Avenue, Lake Elsinore

$495,000

3 Beds ⋅ 2 Baths ⋅ 26850985PS MLS ⋅ Active Status

This lake view 3-bedroom, 2-bath home sits on a generous 50' x 150' lot in an established Lake Elsinore hillside neighborhood with no HOA. From the private front porch and semi-enclosed trellis, enjoy views of Lake Elsinore and the Santa Ana Mountains from a higher elevation, while relaxing in your own outdoor retreat. Built in 1947 and thoughtfully updated over the years, the approximately 1,000 square-foot home combines character with modern improvements. Interior features include kitchen and both bathrooms being remodeled approximately four years ago, a warm and neutral interior paint color as well as newer carpeting in two of the three bedrooms. Two energy-efficient mini-split systems provide heating and cooling throughout the home. Many of the major improvements have already been completed, including new attic insulation, a new crawl-space vapor barrier, a recently cleaned and certified septic system, Trex decking on the front porch and back deck and a retaining wall designed to protect the home from the lot's natural slope. The property is connected to city water, and newly planted privacy hedges continue to mature, enhancing the outdoor spaces. A major bonus is the dual solar panel system, which currently generates more electricity than the home consumes, helping to keep utility costs low. The long driveway provides parking for multiple vehicles and offers space for an RV, boat or trailer. This is an excellent opportunity to purchase a well-maintained home with many costly, labor-intensive upgrades already completed. Bring your finishing touches and enjoy lake views, mountain views, and the chance to add value over time. Conveniently located near some of the best shopping, dining, and recreational opportunities Lake Elsinore has to offer. SELLER INCENTIVE: Get a 5.4% starting interest rate! Seller offering a 2-1 mortgage rate buydown or a $10,000 credit toward your closing costs with a full-price offer!

33155 Adelfa Street, Lake Elsinore

$500,000

IG26115054 MLS ⋅ Active Status

SIGNIFICANT PRICE REDUCTION! RARE LAKE ELSINORE INVESTMENT & DEVELOPMENT OPPORTUNITY! Discover approximately 1.15 acres (50,094 sq. ft.) of flat, usable land with reported General Commercial Mixed-Use (C-1/C-P) zoning, beautiful lake views, and exceptional potential. The property includes an existing 1,637-sq.-ft., 3-bedroom, 2.5-bath home, swimming pool, and expansive outdoor space. Conveniently located near Grand Avenue, with an adjacent fire station and limited neighboring residences, this unique property offers privacy, accessibility, and multiple possibilities for investors and developers. FIVE POTENTIAL INVESTMENT STRATEGIES are illustrated in the photos: (1) Retain the existing home and explore adding a second residence; (2) Explore commercial redevelopment; (3) Retain the home and explore two detached 800-sq.-ft. ADUs with proposed garages; (4) Explore dividing the property into two approximately 25,047-sq.-ft. parcels for future development, resale, or investment; or (5) Remodel the existing home for personal use or potential long-term rental income. IMPORTANT PROPERTY CONDITION: The existing residence is approximately 130 years old and requires substantial remodeling and updating. This is NOT a turnkey property. The newly reduced asking price reflects the home’s age and condition. Buyers considering retaining the residence should anticipate renovation expenses and conduct appropriate inspections. INVESTMENT POTENTIAL: Whether your vision involves renovating, renting, holding, subdividing, or exploring commercial redevelopment, this property’s combination of usable acreage, existing improvements, and reported commercial zoning offers several possibilities worth investigating. IMPORTANT DISCLOSURE: Photos include actual property images and digitally generated CONCEPTUAL RENDERINGS ONLY. Proposed homes, ADUs, garages, parcel divisions, and other depicted improvements are not existing or approved improvements and are not included in the sale. All concepts require additional investment and applicable permits and approvals. Buyer to independently verify condition, square footage, lot size, zoning, permitted uses, ADU and subdivision eligibility, rental restrictions, utilities, setbacks, costs, and approvals with the appropriate governing agencies. No development outcome, rental income, or investment return is guaranteed.

33040 Maiden, Lake Elsinore

$500,000

3 Beds ⋅ 3 Baths ⋅ IG26114915 MLS ⋅ Active Status

SIGNIFICANT PRICE REDUCTION! RARE LAKE ELSINORE OPPORTUNITY! Discover a 1,637-sq.-ft., 3-bedroom, 2.5-bath home situated on an oversized 50,094-sq.-ft. (approx. 1.15-acre) lot with lake views, a large swimming pool, and expansive outdoor space. Located near Grand Avenue and the lake, the setting offers unusual privacy, with a fire station adjacent and few immediately neighboring residences. The home is approximately 130 years old and needs substantial remodeling and updating. It is NOT turnkey, and the newly reduced price reflects its condition. Cherished by its owners for more than 40 years, this property is ready for its next chapter. FIVE POTENTIAL STRATEGIES are illustrated in the photos: (1) Retain the home and explore adding a second residence; (2) Explore commercial redevelopment; (3) Retain the home and explore two detached 800-sq.-ft. ADUs with proposed garages; (4) Explore subdividing into two approximately 25,047-sq.-ft. lots for future use; or (5) Remodel the existing home and enjoy the land as it sits. Reported General Commercial Mixed-Use (C-1/C-P) zoning adds another dimension worth investigating. Properties combining a home, substantial usable acreage, lake views, and potential development flexibility merit a closer look. Whether you envision restoring a character-filled residence or exploring a longer-term investment strategy, this is a chance to evaluate multiple possibilities at a newly reduced asking price. Bring your contractor, run the numbers, and imagine what could be next! IMPORTANT: Listing photos include both actual property images and digitally generated CONCEPTUAL RENDERINGS ONLY. Depicted new homes, ADUs, garages, lot divisions, landscaping, and other improvements are not existing or approved improvements and are not included in the sale. No development outcome is guaranteed. Buyer to independently verify square footage, lot size, condition, zoning, permitted uses, ADU eligibility, subdivision feasibility, utilities, setbacks, costs, permits, and approvals with the applicable city, county, and agencies.

33040 Maiden, Lake Elsinore

$199,990

2 Beds ⋅ 2 Baths ⋅ SW26109050 MLS ⋅ Active Status

Senior Community. Clean, 2 bedroom, 1 1/2 baths. On site parking, pool, laundry facility.

150 E Lakeshore Unit 15, Lake Elsinore

$462,530

2 Beds ⋅ 2 Baths ⋅ SW26091575 MLS ⋅ Active Status

New Vinyl fencing is installed!! Affordable Duplex near Lake Elsinore. Each unit has its own yard. Great opportunity to own a clean and kept duplex in the City of Lake Elsinore Dream Extreme. Each unit is a one-bedroom, one-bath layout and enjoys its own private yard, plus plenty of parking. The units are smaller, though clean, functional, and maintained, offering strong rental appeal. Located within walking distance to Lake Elsinore and Perret Park, which backs right up to one part of Lake Elsinore's shoreline. Enjoy boating, water skiing, wing foiling, fishing, and lakeside recreation. The nearby airport offers glider rides and skydiving, and the area is home to the California Motorcycle Road Race Association. Outdoor enthusiasts will love the excellent hiking trails and the Elsinore Launch located on the Ortega Highway, where hang gliding is enjoyed. A great opportunity for investors or owner-occupants looking for an affordable property to live in one and rent the other in a growing, adventure-driven community. This property is zoned for commercial, giving this property so many possibilities for someone who has a business. Contact the city of Elsinore to explore all the uses that this unique property could potentially be used for.

17797 Grand A & B, Lake Elsinore

$462,530

SW26068596 MLS ⋅ Active Status

Affordable duplex in Lake Elsinore with new vinyl fencing and each unit offers a private yard. Both units are 1BD/1BA, 400 sq ft (buyer to verify) clean, functional, and maintained, with strong rental appeal. Unit A totals $1,700/mo with rent and surcharges, and Unit B totals $1,461.80/mo with rent and surcharges. Gross annual income is approximately $37,941.60 with a reported net of $26,559.12, reflecting an estimated 5.7% cap rate at a $463,500 price (buyer to verify all figures). Plenty of parking on site. Located within walking distance to Lake Elsinore and Perret Park for boating, water sports, fishing, and outdoor recreation. Zoned commercial, offering additional possibilities for buyers with business needs—buyer to verify all uses with the City of Lake Elsinore. Suitable for investors or an owner-occupant who wants to live in one unit and rent the other. Buyer to verify all information, income, expenses, zoning, and feasibility.

17797 Grand A & B, Lake Elsinore

$998,000

DW26037236 MLS ⋅ Active Status

Positioned in the core of Lake Elsinore’s revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside. The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses. The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration. According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft. Flexible investment options: - Owner-user opportunity: Operate your business on the ground floor and reside upstairs. - Dual-income potential: Lease both the commercial and residential units for maximum cash flow. - Value-add upside: Benefit from continued downtown growth and infrastructure investment. The property is located within the City’s active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce. With increasing demand in one of Southern California’s fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.

118 N Main, Lake Elsinore

$312,000

3 Beds ⋅ 1 Baths ⋅ SW26033418 MLS ⋅ Active Status

The value of this property is in the land of the two adjacent lot which are being sold together as the home is not habitable. Utilities are at the property which has lake views and is ready for someone to update and make their own. Probate sale with limited authority that requires court confirmation.

32976 Oleander, Lake Elsinore

$2,040,000

IV26024597 MLS ⋅ Active Status

Rare opportunity to acquire a stabilized 14-unit multifamily asset in a prime Lake Elsinore location near the lake and within walking distance to downtown, dining, and shopping. The property features a desirable unit mix of four studios, six 1-bed/1-bath units, and four 2-bed/1-bath units, all currently tenant occupied and generating immediate income. Utilities are efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.

120 W Heald, Lake Elsinore

$420,000

IV26023151 MLS ⋅ Pending Status

Well maintained Lake Elsinore duplex offering strong income with upside, featuring two 1 bedroom, 1 bathroom units. The upper unit is tenant occupied and stabilized at $1,400 per month and enjoys lake views, while the lower unit is vacant, recently updated with fresh paint, newer appliances, and updated kitchen cabinetry, and can achieve an estimated rent of $1,500 per month. The lower unit also includes a rare 2 car detached garage, adding significant rental appeal. Ideal for investors or owner occupants seeking immediate cash flow in a convenient Lake Elsinore location near shopping, dining, and freeway access. Detached 2 car garage offers potential ADU conversion, buyer to verify zoning, permits, and feasibility with the City of Lake Elsinore. Property also includes a detached storage structure that is part of the property and provides additional usable space.

33384 Adelfa Street, Lake Elsinore

$474,980

3 Beds ⋅ 2 Baths ⋅ SW26002359 MLS ⋅ Active Status

Welcome to your private hilltop retreat in Lake Elsinore — a charming 3-bedroom, 2-bathroom home offering peace, privacy, and breathtaking panoramic views. Perched high above the city, this home enjoys an elevated position that captures stunning vistas of the lake, city lights, and rolling hills below. A private driveway leads you up to the residence, with a covered carport for parking. Inside, you’ll find a comfortable and inviting layout designed to take full advantage of the views, with large windows filling the home with natural light. The spacious living areas flow seamlessly, making it ideal for both relaxing and entertaining. The home features new flooring and paint throughout to allow a move-in ready condition. Whether you’re sipping your morning coffee on the patio or watching the sunset over the lake, this home offers a lifestyle defined by tranquility and scenic beauty. With its unmatched privacy, generous lot, and picturesque setting, this Lake Elsinore hideaway is the perfect blend of comfort and serenity — a rare find for those seeking a peaceful escape with a view.

1205 W Pottery, Lake Elsinore

$515,000

3 Beds ⋅ 2 Baths ⋅ TR25275541 MLS ⋅ Active Status

Discover the potential of this well-located duplex in the heart of Lake Elsinore, just minutes from historic downtown and the lake. Ideal for investors or owner-occupants, this income-generating property offers a total of 3 bedrooms and 2 bathrooms across two separate units, all situated on a generous 8,276 square foot lot with a large backyard and patio space. A detached three-car garage provides ample parking, storage, or future flexibility. Unit A features a functional layout with two bedrooms and one bathroom, opening into a comfortable living area, while Unit B offers its own private entrance with one bedroom, one bathroom, and a cozy living space—perfect for rental income or extended family living. The expansive lot creates exciting possibilities for outdoor enjoyment, storage for recreational toys, or potential expansion, including ADU opportunities (buyer to verify with the city). Located just a few blocks from Main Street and Lake Elsinore, residents enjoy convenient access to shopping, schools, dining, and a wide range of recreational activities such as boating, fishing, swimming, and extreme sports. This property is a rare chance to own a versatile duplex in a vibrant, growing community—full of opportunity and upside for the right buyer.

401 W Graham, Lake Elsinore

$998,000

DW25237444 MLS ⋅ Active Status

Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.

118 N Main, Lake Elsinore

$740,000

PW25221333 MLS ⋅ Active Status

Spacious open interior. This property has long been home to an antique boutique business, currently on a month-to-month lease. The tenant would like to remain after the sale, but that decision is up to the new owner. Lake Elsinore is a historic community with numerous shops along Main Street, making it a shopper’s haven. The lake itself attracts water sports enthusiasts and fishing fans to the area. Feel free to visit the store during business hours and take a look around, but please refrain from asking employees any questions about the property. Instead, direct inquiries to your agent or the listing agent.

119 W Peck, Lake Elsinore

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