763 Quail Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $380,000—positioned well below the $363,932 Fair Market Value by -4%. While the property requires a Condition Rating of 5, the high rental demand in the Lake Elsinore Unified district and the inclusion of a 2-car garage provide a solid foundation for value-add renovations. This asset is strategically located near the lake and major transit, making it a prime acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 763 Quail Drive Subject | $380,000* List Price | 2 | 2 | 875 | $416 | - |
A 1127 Monroe Street Active | $365,000 List Price | 2 | 2 | 875 | $417 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old) and explicitly marketed as needing 'TLC' and ideal for investors, indicating the property likely requires significant rehabilitation and system updates consistent with its age and the 'Poor' criteria (>30y).
Priced competitively below the area average, this property serves as an ideal entry-level opportunity for first-time buyers or investors looking to capitalize on high rental demand.
The home is strategically situated near the lake shore, schools, freeway access, and major shopping outlets, offering excellent convenience and lifestyle appeal.
Despite its compact footprint, the property includes a highly desirable two-car garage and two full bathrooms, providing essential utility and privacy for residents.
The property is noted as needing 'TLC,' implying deferred maintenance or necessary cosmetic repairs that will require immediate post-purchase investment.
With only 875 square feet of living space, the small interior size may limit the property's appeal to larger families or buyers seeking spacious common areas.
Excellent opportunity, lower price in the area . Frist look after June 16. Great for investor or first time buyer .Great location, high rental demand .very close to the lake shore , school, freeway, shopping center and outlets. A 2 bedrooms, and two full baths and 2 car garage ,need TLC but nothing else. Property will be deliver vacant. Don't miss this opportunity. Summit offers subject to inspection .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 875 | 1,973 |
| Lot Size | 3,049 | 6,970 |
| Price | $380.0K | $601.5K |
| Price per sq ft | $434 | $293 |
| Built year | 1979 | 2004 |
| HOA | $0 | $146 |
| Days on market | 0 | 64 |
Jun 16, 2026
$380,000
Initial Listing
Apr 4, 2008
$110,000
Public Record
May 12, 2005
$238,000
Public Record
Sep 6, 2002
$102,000
Public Record
Aug 20, 1997
$30,000
Public Record