17480 Bromley, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Versatile Single-Family Residence represents a Strong Value Opportunity, listed at $549,000—positioned well below the $578,015 Fair Market Value by 5%. This valuation gap offers $29,015 in Instant Equity. Featuring a Detached ADU and a 10,359 sqft lot, the property maintains a Condition Rating of 2 with recent roof and interior upgrades. It is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17480 Bromley Subject | $549,000* List Price | 4 | 3 | 1,809 | $320 | - |
A 16550 Arnold Avenue Sold | $548,500 | 4 | 2 | 1,700 | $323 | 1.0 mi |
B 1056 Sardinia Drive Sold | $601,049 | 4 | 3 | 1,840 | $327 | 0.9 mi |
C 872 Porta Marina Lane Sold | $649,990 | 5 | 3 | 2,453 | $265 | 1.0 mi |
D 902 Porta Marina Lane Pending | $599,990 List Price | 4 | 3 | 2,218 | $271 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1964, the property has undergone a comprehensive recent renovation within the last 5 years. Key updates include a brand-new roof (1 year old), a modern open-concept kitchen with new stainless steel appliances, updated wood laminate flooring throughout, and fresh interior paint. The systems and surfaces appear in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10359, living area = 1809.
The property includes a detached studio ADU with a private bathroom and laundry/kitchenette potential, offering a versatile space for rental income or multi-generational living.
Situated on an oversized 10,359 sqft lot with no HOA, the property provides ample room for RV, truck, and trailer parking, catering perfectly to outdoor enthusiasts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10359, other record lot size in square feet = 10018. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1809, other record living area = 1450. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1964, the property may have aging underlying systems such as plumbing or electrical that could require future attention despite recent cosmetic updates.
The residence offers a carport rather than a fully enclosed garage, which may be a drawback for buyers seeking maximum security or climate-controlled storage for vehicles.
This beautifully updated single-level home offers a rare opportunity with a detached ADU — perfect for multi-generational living, guest space, or rental income to help offset the mortgage. The main home features an open-concept kitchen and living area, three bedrooms, and two bathrooms with stylish wood laminate flooring throughout. Enjoy stainless steel appliances, including a brand-new range, cozy fireplace, ceiling fans, and a spacious front deck ideal for relaxing or entertaining. The roof was replaced about one year ago. The detached studio ADU includes its own private bathroom, along with a separate laundry room that could also function as a kitchenette. Connecting the two spaces is a charming covered breezeway — the perfect spot to enjoy your morning coffee or host outdoor gatherings. Outside, the property offers a covered carport and an oversized back lot with plenty of room for RV parking, trucks, trailers, or recreational toys. Located in an ideal setting that combines a peaceful rural feel with convenient suburban amenities, this home is close to shopping, restaurants, businesses, and provides easy access to I-15. This is a unique opportunity to own an updated home with income potential, a large lot, and no HOA. Come see everything this versatile property has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,809 | 1,928 | 45% |
| Lot Size | 10,359 | 7,319 | 82% |
| Price | $549.0K | $595.0K | 33% |
| Price per sq ft | $303 | $305 | 48% |
| Built year | 1964 | 2003 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 169 | 2% |
May 14, 2026
$549,000
Initial Listing
Mar 30, 1998
$100,000
Public Record
Dec 19, 1996
$38,000
Public Record