
Lake Elsinore, California 92530
This Remodeled Multi-Generational Craftsman is a High-Potential Investment Opportunity listed at $649,000, aligning perfectly with its $649,000 Fair Market Value. Boasting a Modern Condition Rating, the home features dual kitchens with quartz countertops and dual laundry rooms, offering unparalleled flexibility for rental income or separate living quarters. High-end architectural details like coffered ceilings and peek-a-boo lake views from the large deck enhance the lifestyle appeal. Located in the Lake Elsinore Unified district, this turnkey property is an exceptional find for Owner-Occupants or Multi-Generational Families.
Property is new construction or fully renovated.
Although originally built in 1938, this property has undergone a comprehensive, high-end renovation that brings it to modern standards. The interior features premium quartz countertops, designer-tiled kitchens and bathrooms, stainless steel appliances, and sophisticated architectural details like coffered ceilings. Significant structural and exterior upgrades, including a newer roof, high-efficiency Jeld-Wen windows, Hardie board siding, and a 140-foot retaining wall, indicate that all major systems have been replaced or modernized recently, leaving no deferred maintenance.
The unique layout features dual kitchens and laundry rooms, allowing the home to function as two separate residences—ideal for rental income or multi-generational living.
Beyond cosmetic updates, the property features high-durability Hardie board siding, a newer roof, high-efficiency windows, and a significant 140-foot retaining wall for long-term stability.
The interior boasts sophisticated architectural details including coffered ceilings, crown molding, and premium quartz countertops, offering a modern luxury feel throughout.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a lot size of approximately 3,485 square feet, the outdoor yard space is relatively compact, which may not suit buyers seeking expansive private grounds.
Originally built in 1938, the property's vintage origins may present limitations in terms of original site placement or neighborhood density compared to newer master-planned developments.
UNIQUE OPPORTUNITY to own a beautifully remodeled single-family Craftsman-style home in Lake Elsinore. This visionary layout offers unparalleled flexibility, making it the ultimate sanctuary for multi-generational living or a savvy opportunity for rental income. This 4-bedroom, 4.5 bath home could be maximized as two separate residences. The open-concept floor plan is flooded with natural light, highlighting exquisite, coffered ceilings and crisp crown molding that add a layer of sophisticated drama to the airy living spaces. Every inch of the interior has been freshly painted and modernized, featuring stunning quartz countertops, sleek laminate flooring, and designer-tiled kitchens and baths. Both kitchens are handsomely outfitted with premium stainless-steel appliances, while dual laundry rooms ensure total convenience and independence for both levels of the home. The transformation of this property goes far beyond aesthetics, focusing on long-term durability and structural integrity. The exterior is wrapped in sturdy, painted Hardie board siding, complemented by a newer roof and high-efficiency Jeld-Wen windows. Significant investment has been made into the grounds, including extensive hardscaping, professional dirt removal, and a 140’ retaining wall on two sides to ensure a secure and level foundation for your landscaping dreams. For those who love the Southern California lifestyle, the outdoor living spaces are unmatched. Enjoy quiet mornings on one of three charming porches or host sunset gatherings on the large deck. Surrounded by a 90’ privacy fence, this turnkey home offers the perfect blend of comfort and style. Don’t miss this rare opportunity to own a meticulously updated, income-capable home near the lake.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 98% |
| Square foot | 2,395 | 1,928 | 71% |
| Lot Size | 3,485 | 7,405 | 7% |
| Price | $599.9K | $595.0K | 53% |
| Price per sq ft | $250 | $309 | 18% |
| Built year | 1938 | 2004 | 4% |
| HOA | $75.0 | $0 | 55% |
| Days on market | 104 | 195 | 19% |
Mar 27, 2026
$599,900
$649,000
-8% Price Drop
Initial Listing
Jan 8, 2026
$649,000
Initial Listing
Feb 17, 2005
$175,000
Public Record