150 E Lakeshore, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
Loading property details...
Lake Elsinore, California 92530
This Income-Generating Senior Community Condo is a strategic Asset listed at $200,000, positioned near its $192,800 Fair Market Value. The valuation is justified by the property's immediate rental income potential with a tenant already in place and a Condition Rating of 4. Featuring Panoramic Lake Views and access to a community pool and clubhouse, the unit is situated within the Lake Elsinore Unified district. Its prime location adjacent to the local senior center ensures consistent demand within this niche market. This acquisition is ideal for Buy-and-Hold Investors or Income-Focused Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 150 E Lakeshore Subject | $200,000* List Price | 2 | 2 | 800 | $241 | - |
A 150 E Lakeshore Drive 14 Active | $219,999 List Price | 2 | 2 | 800 | $275 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this property is described as well-maintained but lacks evidence of recent renovations. The absence of interior photos typically indicates dated kitchen and bathroom finishes. While the exterior and community amenities appear functional and the unit is currently tenanted, the age and lack of modernization align with a fair condition score.
The property is sold with a tenant already in place, offering a turnkey opportunity for investors to generate immediate cash flow without the hassle of finding a new occupant.
Perfectly situated next to the local senior center and offering scenic lake and greenbelt views, this home provides residents with unparalleled access to social services and a vibrant lifestyle.
Residents enjoy access to a clubhouse, sparkling pool, and library, which significantly enhances the property's appeal for those seeking an active and social retirement environment.
Built in 1964 with only 800 square feet of living space, the property may require modernization and offers limited room for those accustomed to larger, more contemporary layouts.
Being located in a senior community limits the pool of potential buyers and tenants to a specific age group, which can impact resale liquidity and market reach.
Welcome to this charming 2-bedroom, 2-bath condo offering approximately 800 sq. ft. of comfortable living space, perfectly situated in a desirable senior community. This well-maintained residence features a functional layout designed for easy living, with abundant natural light and a cozy, inviting atmosphere. Residents enjoy access to a variety of community amenities, including a clubhouse, sparkling pool, and a quiet library—ideal for relaxation and socializing. Conveniently located right next to the local senior center, this home provides easy access to activities, services, and a vibrant community lifestyle. Investor opportunity! This property is being sold with a tenant already in place, offering immediate rental income and a hassle-free addition to your portfolio. Don’t miss this chance to own in a peaceful, amenity-rich community with strong investment potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 800 | 1,807 | 23% |
| Lot Size | 800 | 1,473 | 23% |
| Price | $200.0K | $500.0K | 14% |
| Price per sq ft | $250 | $275 | 14% |
| Built year | 1964 | 2025 | 14% |
| HOA | $349.0 | $229 | 77% |
| Days on market | 0 | 193 | 5% |
Apr 16, 2026
$200,000
Initial Listing
Oct 5, 2021
$100,000
Public Record
Mar 11, 2004
$53,000
Public Record