20931 Malaga, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
20931 Malaga
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 20931 Malaga, Lake Elsinore, California 92530 reveals a property with a current list price of $424,900, which is 6% above the estimated $397,516 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1948 and marketed as an investor special, the property shows significant signs of age with no evidence of recent major renovations. The kitchen features outdated cabinetry and appliances, while the interior contains dated wall heaters and worn flooring. The listing's emphasis on 'potential' and 'renovation' confirms it requires substantial rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1601.
- Investment Potential
Marketed as an investor special with 'solid bones,' this property offers a prime opportunity to build instant equity through strategic renovations and modern updates.
- Strategic Location
The home is ideally situated within walking distance of the local casino and offers quick access to shopping, dining, and major freeways, enhancing its rental and resale appeal.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Originally built in 1948, the property likely requires substantial modernization of its core systems and cosmetic finishes to meet current market standards.
- Limited Bed-to-Bath Ratio
With only two bedrooms and one bathroom for over 1,600 square feet of living space, the current configuration may be less attractive to larger families or require a layout reconfiguration.
About 20931 Malaga
Calling all investors and savvy buyers! 2 Bedroom 1 Bath with a Large lot. Prime location. This property is full of potential and ready for your vision. With solid bones and room to add value, this is the kind of opportunity smart buyers wait for. Walking distance to the casino and close to shopping, dining, and freeway access — location alone makes this a win. Light updates can go a long way here. Renovate, refresh, and create instant equity. Opportunities like this don’t last. Schedule your showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 4.0 | 8% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 1,601 | 1,857 | 35% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $424.9K | $590.0K | 7% |
| Price per sq ft | $265 | $319 | 26% |
| Built year | 1948 | 2004 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 193 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$424,900
Initial Listing
Sold
Apr 16, 1998
$53,000
Public Record