16377 Lakeshore, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
16377 Lakeshore
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 16377 Lakeshore, Lake Elsinore, California 92530 is currently available with a list price of $284,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1990, this property is well-maintained and move-in ready but shows its age through dated features. The kitchen and bathrooms contain older white appliances, original-style cabinetry, and standard fixtures consistent with a home that has not undergone a major modern renovation in the last 15-20 years.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value
Priced under $300,000 for a 2-bedroom, 2-bathroom layout, this property offers a rare and highly affordable entry point into the Southern California real estate market for first-time buyers and investors.
- Low-Maintenance Lifestyle
The manageable $238 monthly HOA fee covers essential utilities like water and trash, as well as exterior maintenance, providing a convenient 'lock-and-leave' experience.
- Prime Gated Location
Situated in the secure Lake Point community, the unit offers peace of mind with gated access and immediate proximity to Lake Elsinore, local dining, and major freeway corridors.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 785 square feet of living area, the interior may feel restrictive for a two-bedroom configuration, potentially limiting furniture options and storage capacity.
- Upper-Level Accessibility
Being located on the upper level, the unit requires stair access, which may be a drawback for buyers with mobility concerns or those seeking the convenience of a ground-floor entry.
About 16377 Lakeshore
Welcome to lakeside living in the heart of Lake Elsinore! This beautifully maintained 2-bedroom, 2-bath condo in the gated Lake Point community offers comfort, convenience, and stunning surroundings. Located on the upper level, Unit 6G features an open-concept living and dining area filled with natural light, a private balcony perfect for relaxing, and serene views just moments from the lake. The spacious bedroom includes ample closet space, while the kitchen offers generous cabinetry and functionality for everyday living. Community amenities include a pool, spa, and well-maintained grounds. HOA covers water, trash, and exterior maintenance for easy, low-maintenance living. Enjoy close proximity to Lake Elsinore, shopping, dining, and freeway access—ideal for commuters or anyone seeking an affordable Southern California retreat. Perfect for first-time buyers, downsizers, or investors!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $238.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Machado Elementary School
Grades K-5 • 0.5 mi
Terra Cotta Middle School
Grades 6-8 • 1.2 mi
Lakeside High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 785 | 1,642 | 6% |
| Lot Size | - | 1,429.5 | 13% |
| Price | $284.9K | $447.5K | 6% |
| Price per sq ft | $363 | $282 | 88% |
| Built year | 1990 | 2016 | 38% |
| HOA | $238.0 | $229 | 56% |
| Days on market | 10 | 174 | 6% |
Pricing History
Listed for Sale
Feb 26, 2026
$284,900
Initial Listing
Sold
Sep 20, 2017
$140,000
Public Record
Sold
Mar 28, 2013
$88,000
Public Record
Sold
May 27, 2011
$52,000
Public Record
Sold
Sep 9, 2005
$209,000
Public Record