17786 Grand, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
17786 Grand
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 17786 Grand, Lake Elsinore, California 92530 is currently available with a list price of $1,480,000. 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 1940, this property is significantly aged. While the description mentions 'newer appliances' and some images show updated elements like wood-look laminate flooring and a relatively modern shower enclosure, the overall condition of the kitchen and bathrooms is dated. The kitchen features older wood-tone cabinets and dated tile flooring in one area, with a basic flush-mount light fixture. The bathroom has painted brick walls, a basic vanity, and a dated light fixture, despite the newer shower. The property appears functional and livable, suitable for 'interim use or rental income,' but it has not undergone a comprehensive renovation in recent decades. It requires minor updates and repairs to bring it to current aesthetic and functional standards, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
Prime ±1.94-acre site with R-3 (Residential) zoning, ideal for residential subdivision, townhomes, or multi-family development.
- Expansive Lot Size
The property boasts a substantial 1.94-acre (84,506 sqft) lot, offering ample space for large-scale development or a private estate.
- Prime Lake Proximity & Views
Ideally located just off Lake Elsinore with confirmed lake views, enhancing recreational appeal and overall property value.
CONSRISKS & DEFICIENCIES
- Entitlement Process Required
Realizing the full development potential is contingent upon a potentially lengthy and costly entitlement process, adding risk and time to the project timeline.
- Age of Existing Structure
The current residence was built in 1940, suggesting potential for significant renovation or demolition costs if not intended for interim use only.
- Conservation Zoning Restrictions
The W-1 (Conservation) zoning classification may impose limitations on development within certain areas of the property, potentially reducing the net developable land.
About 17786 Grand
17786 Grand Avenue in Lake Elsinore presents a prime ±1.94-acre development opportunity within Riverside County’s Lakeland Village District. The property is currently improved with a 2-bedrooms + a bonus room (can be a 3rd bedroom), 2-bath residence featuring newer appliances (including stove and dishwasher), offering interim use or rental income potential while pursuing entitlements. Ideally located just off Lake Elsinore, the site benefits from close proximity to the water, recreational amenities, and established neighborhoods. With zoning classifications that include R-3 (Residential) and W-1 (Conservation), the property is well-positioned for a residential subdivision, townhomes, or multi-family development.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 84,506 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,764 | 1,857 | 44% |
| Lot Size | 84,506 | 7,841 | 99% |
| Price | $1.48M | $595.0K | 100% |
| Price per sq ft | $839 | $319 | 100% |
| Built year | 1940 | 2004 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 160 | 194 | 33% |
Pricing History
Listed for Sale
Sep 29, 2025
$1,480,000
Initial Listing