17837 Brightman Avenue, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
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Lake Elsinore, California 92530
This Value-Add Residential Asset is listed at $359,888, positioned relative to its $329,765 Fair Market Value. The property maintains a Condition Rating of 4, featuring a functional but outdated 1948 layout with original hardwood. The 4,356 sqft corner lot includes a detached garage and provides mountain and lake views, offering a clear path for forced appreciation through ADU development or modernization. Located in the Lake Elsinore Unified district near the lake, this property represents a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-potential project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17837 Brightman Avenue Subject | $359,888* List Price | 2 | 1 | 704 | $468 | - |
A 17625 Bobrick Sold | $307,000 | 2 | 1 | 840 | $365 | 0.3 mi |
B 33195 Schaper Sold | $373,000 | 2 | 2 | 960 | $389 | 0.3 mi |
C 33189 Schaper Active | $400,000 List Price | 2 | 1 | 968 | $413 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this home is well-maintained but significantly outdated, fitting the 'fair' criteria perfectly. The interior features original hardwood flooring and a functional layout, but the kitchen is dated with a drop ceiling, older cabinetry, and aging appliances. The bathroom has a basic, older vanity and simple fixtures. While the property appears clean and livable, the heating system (wall unit), electrical fixtures (brass ceiling fans), and overall aesthetic require modernization to meet current standards. It represents a classic value-add opportunity where major components are functional but show clear signs of age.
Situated on a desirable corner lot, the property offers scenic mountain and lake views, providing a picturesque setting and enhanced curb appeal.
The 4,356 sq ft lot includes a detached garage and ample yard space, offering significant opportunities for expansion, outdoor living, or ADU development.
The home retains its 1948 charm with original hardwood flooring and a functional layout that serves as an excellent foundation for a personalized restoration.
With only 704 square feet of living space, the home is quite compact, which may limit its appeal to larger households or those requiring more storage.
Given its 1948 construction, the property likely requires updates to its classic kitchen and bathroom to meet modern functional and aesthetic expectations.
Charming 2-bedroom, 1-bathroom home situated on a desirable corner lot with scenic mountain views, offering a great opportunity for a primary residence. Built in 1948, this 704 sq ft home features a functional layout with a Jack and Jill bathroom connecting both bedrooms, original hardwood flooring, and abundant natural light that adds warmth throughout. The kitchen maintains its classic appeal with ample cabinetry and workspace, providing a solid foundation for future updates. Set on a 4,356 sq ft lot, the property includes a detached garage and a spacious yard with plenty of potential for outdoor living, expansion, or customization. Conveniently located near the lake, this property combines charm, value-add potential, and a versatile use opportunity in a scenic setting.
No exterior & parking available.
Grades K-8 • 1.1 mi
Grades 6-8 • 5.4 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 704 | 1,924 | 1% |
| Lot Size | 4,356 | 7,510 | 12% |
| Price | $359.9K | $595.0K | 4% |
| Price per sq ft | $511 | $310 | 97% |
| Built year | 1948 | 2004 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 195 | 1% |
Apr 15, 2026
$359,888
Initial Listing
May 8, 2023
$315,000
Public Record
Dec 10, 2019
$230,000
Public Record