150 E Lakeshore 10, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $175,000—positioned above the $154,900 Fair Market Value by -12%. While the property requires capital for cosmetic updates, the Fair Condition Rating reflects its 1964 vintage status. The unit offers a low-maintenance lifestyle with comprehensive HOA coverage for exterior maintenance and utilities. Located in a senior community with immediate access to a park and clubhouse, this is a strategic acquisition for Buy-and-Hold Investors or retirees seeking a value-add project in a stable senior-focused environment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 150 E Lakeshore 10 Subject | $175,000* List Price | 2 | 2 | 800 | $194 | - |
A 150 E Lakeshore Active | $200,000 List Price | 2 | 2 | 800 | $250 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent renovations. The interior shows heavily soiled carpeting and popcorn ceilings, while the exterior relies on a dated window AC unit. The listing explicitly states the home needs TLC, paint, and carpet, fitting the criteria for a property needing rehab.
Priced at $175,000, this property represents a highly affordable entry point into the Southern California real estate market, ideal for retirees on a fixed income or budget-conscious buyers.
The association fee covers fire insurance, water, sewer, trash, and all exterior maintenance, significantly reducing monthly utility management and providing a low-maintenance lifestyle.
Situated in Lake Elsinore Village, the home is conveniently located next to a senior center and community park, offering residents easy access to social activities, a clubhouse, and a pool.
The property is noted to need 'T.L.C.,' specifically requiring new paint, carpeting, and deep cleaning, which will necessitate an immediate post-purchase investment of time and capital.
Built in 1964 with only 800 square feet of living space, the unit may feel restrictive and lacks the modern amenities and energy efficiencies found in newer senior living developments.
Single story condo located in the Lake Elsinore Village, a senior community. Home features 2 bedrooms, 1.5 bathrooms and 800 square feet of living space. Home does need some T.L.C., paint, carpet, cleaning. Community features include a club house, community pool, and lots of green belts. HOA pays for fire insurance, water, sewer, trash, gardener, and all exterior maintenance. Senior center and community park is located right next door.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 800 | 1,598 | 21% |
| Lot Size | - | 1,469 | 34% |
| Price | $175.0K | $430.0K | 7% |
| Price per sq ft | $219 | $271 | 7% |
| Built year | 1964 | 2006 | 14% |
| HOA | $345.0 | $229 | 72% |
| Days on market | 36 | 163 | 3% |
May 8, 2026
$175,000
Initial Listing