16377 Lakeshore 2d, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This Value-Add Condominium is listed at $289,000, representing a stable entry point aligned with its $276,943 Fair Market Value. Holding a Condition Rating of 4, the asset is in mostly original condition, offering significant ROI potential through interior modernization and forced appreciation. Key features include a Pool View, a private 1-car garage, and gated community amenities. Served by the Lake Elsinore Unified district, including Lakeside High School, this property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16377 Lakeshore 2d Subject | $289,000* List Price | 2 | 2 | 791 | $350 | - |
A 16377 Lakeshore 4f Sold | $320,000 | 2 | 2 | 791 | $405 | 0.0 mi |
B 593 Parkview Dr Sold | $305,000 | 2 | 1 | 944 | $323 | 0.4 mi |
C 16377 Lakeshore Pending | $284,900 List Price | 2 | 2 | 785 | $363 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old condominium is in mostly original condition with some minor updates. While the unit appears well-maintained and functional, the kitchen and bathrooms show signs of being outdated compared to modern standards. It fits the 'fair' criteria as an aged property that has undergone regular upkeep but lacks a comprehensive recent renovation.
Situated in the gated Lido at Lakeshore community, the property offers excellent proximity to Lake Elsinore and local amenities, providing both security and convenience.
Residents benefit from desirable association features, including a swimming pool and well-maintained grounds, enhancing the overall lifestyle value.
Unlike many smaller condominiums, this unit includes a private 1-car garage, offering secure parking and additional storage space.
With only 791 square feet of living space, the interior layout may feel restrictive for those seeking a more spacious 2-bedroom environment.
The $360 monthly association fee represents a significant recurring cost that buyers must factor into their overall monthly budget.
Great opportunity 2 bedrooms 2 bathrooms. Gated community centrally located close to the lake and access to association pool. 1 car garage. Lido at lakeshore drive community.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.5 mi
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 | 791 | 1,807 | 14% |
| Lot Size | - | 1,473 | 23% |
| Price | $289.0K | $500.0K | 18% |
| Price per sq ft | $365 | $276 | 91% |
| Built year | 1990 | 2025 | 41% |
| HOA | $360.0 | $229 | 82% |
| Days on market | 49 | 194 | 5% |
Mar 4, 2026
$289,000
Initial Listing
Mar 16, 2022
$246,500
Public Record
Sep 13, 2005
$208,000
Public Record