
Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $539,000—positioned well above the $522,900 Fair Market Value by -3%. Featuring a Fair Condition Rating, the home offers a Versatile Living Configuration with a main residence and non-permitted living area, ideal for multi-generational use. While the property requires permit regularization, the Expansive 7,840 sqft Lot provides significant upside. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a growing community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33220 Baldwin Blvd Subject | $539,000* List Price | 4 | 3 | 1,872 | $279 | - |
A 33191 Dowman Street Sold | $576,000 | 4 | 3 | 1,627 | $354 | 0.3 mi |
B 33111 Baldwin Boulevard Sold | $450,000 | 5 | 1 | 1,400 | $321 | 0.1 mi |
C 17247 Encina Drive Active | $515,000 List Price | 5 | 3 | 2,040 | $252 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features a recent cosmetic refresh including new LVP flooring and updated kitchen cabinets, the 1949 structure lacks central HVAC (utilizing window/wall units) and contains significant non-permitted living areas. The heavy reliance on digitally altered photos to mask the true state of the interior, combined with the age of the primary systems, places this in the Fair category requiring minor repairs and permit regularization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1872.
The property features a main 2-bedroom residence plus an additional living area with private entrances, offering excellent potential for multi-generational living or rental income.
Set on a generous 7,840 sqft lot with large front and back yards, the property provides ample space for outdoor entertaining, gardening, or future development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7840, other record lot size in square feet = 6969.
A substantial portion of the living space is non-permitted, which could present challenges for traditional financing, insurance coverage, and future permitting compliance.
There is a notable discrepancy between tax records and the actual physical configuration, placing the burden of verification for square footage and room counts on the buyer.
New Opportunity in Lake Elsinore! Whether you're searching for a flexible investment, your first home, or a property with room for extended family, 33220 Baldwin Blvd offers exceptional versatility and value. Ideally located just minutes from Lake Elsinore, this unique property features a spacious main residence with 2 bedrooms and 2 bathrooms, plus an additional non-permitted living area with 2 bedrooms, 1 bathroom, and separate private entrances, creating endless possibilities for a variety of living arrangements. Set on a generous lot with expansive front and back yards, there's plenty of outdoor space to entertain, garden, or explore future possibilities. Conveniently located near shopping, dining, schools, and recreation, this is a rare opportunity to own a property with flexibility and upside in one of Lake Elsinore's growing communities. Buyer to Verify: Tax records reflect 4 bedrooms and 1.75 bathrooms. The property is currently configured as a 2-bedroom, 2-bath main residence plus an additional non-permitted living area with 2 bedrooms and 1 bathroom. Buyers and their agents are advised to independently verify all permits, square footage, room counts, and intended uses of the property. Photo Disclosure: Listing photographs include original images, digitally altered images with furniture and personal property removed and virtually staged images to illustrate potential use of space. Original unaltered photos are included for reference. New Opportunity in Lake Elsinore! Whether you're searching for a flexible investment, your first home, or a property with room for extended family, 33220 Baldwin Blvd offers exceptional versatility and value. Ideally located just minutes from Lake Elsinore, this unique property features a spacious main residence with 2 bedrooms and 2 bathrooms, plus an additional non-permitted living area with 2 bedrooms, 1 bathroom, and separate private entrances, creating endless possibilities for a variety of living arrangements. Set on a generous lot with expansive front and back yards, there's plenty of outdoor space to entertain, garden, or explore future possibilities. Conveniently located near shopping, dining, schools, and recreation, this is a rare opportunity to own a property with flexibility and upside in one of Lake Elsinore's growing communities. Buyer to Verify: Tax records reflect 4 bedrooms and 1.75 bathrooms. The property is currently configured as a 2-bedroom, 2-bath main residence plus an additional non-permitted living area with 2 bedrooms and 1 bathroom. Buyers and their agents are advised to independently verify all permits, square footage, room counts, and intended uses of the property. Photo Disclosure: Listing photographs include original images, digitally altered images with furniture and personal property removed and virtually staged images to illustrate potential use of space. Original unaltered photos are included for reference.
No exterior & parking available.
Grades K-8 • 1.3 mi
Grades 6-8 • 5.5 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,872 | 1,997.676 |
| Lot Size | 7,840 | 7,302.624 |
| Price | $539.0K | $602.7K |
| Price per sq ft | $288 | $299 |
| Built year | 1949 | 2005 |
| HOA | $0 | $146 |
| Days on market | 42 | 65 |
Jul 29, 2026
$539,000
Initial Listing
Jan 19, 2021
$400,000
Public Record
May 8, 2020
$225,000
Public Record
Mar 13, 2020
$113,000
Public Record
Dec 15, 2008
$122,000
Public Record
Dec 23, 2004
$299,000
Public Record
Nov 2, 1998
$65,500
Public Record