118 N Main, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
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Lake Elsinore, California 92530
Analysis of 118 N Main, Lake Elsinore, California 92530 is currently available with a list price of $1,398,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1920, this century-old mixed-use property exhibits significant functional obsolescence, specifically a four-bedroom residential layout with only one bathroom. The lack of interior images, combined with the aging exterior facade and the listing's emphasis on 'potential' and 'revitalization,' indicates that the property likely requires substantial rehabilitation and modernization of major systems to meet contemporary standards.
The property offers a unique live-work opportunity with a ground-floor retail storefront and a four-bedroom residential unit upstairs, providing flexible options for owner-users or dual-income investors.
Situated in the heart of Lake Elsinore’s revitalized downtown district, the property benefits from significant city-led infrastructure upgrades and aesthetic improvements.
Located on the Main Street corridor near the new City Hall, the building enjoys excellent foot traffic and high visibility, essential for commercial success.
With a list price of nearly $1.4 million for only 1,104 square feet, the price per square foot is exceptionally high, which may impact the overall return on investment.
Built in 1920, the property likely requires significant ongoing maintenance or modernization of major systems to meet contemporary commercial and residential standards.
The residential unit contains four bedrooms but only one bathroom, a configuration that is often considered undesirable for modern tenants or large families.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 1,104 | 1,128 | 50% |
| Lot Size | 3,920 | 33,759 | 50% |
| Price | $1.40M | $1.02M | 50% |
| Price per sq ft | $1.3K | $916 | 50% |
| Built year | 1920 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 194 | 252 | 50% |
Dec 2, 2025
$1,398,888
$1,500,000
-7% Price Drop
Initial Listing
Oct 10, 2025
$1,500,000
Initial Listing