16072 Grand Ave, Lake Elsinore, CA 92530

Price Improvement. Waterfront Income property in Lake Elsinore now available. Two homes on one lot! Enjoy 115 ft of waterfront on the widest part of Lake Elsinore. Private beach, tiki hut with power, solar lighting, and views that are breathtaking of the water. Rare to find a lot like this… over 1.39 acres of land that can be subdivided to multiple homesites and APNs. Just as they did to the north. Currently the property has two homes and various storage buildings. First home is an historic 1925 cottage once owned by Bela Lugosi. Inside are 2 bedrooms, utility room and one bath. Charming bones, retro-decor and currently rented bringing in an income. This home is on conventional septic and has lovely fruit trees lining the property. Large yard/courtyard and views. The next home is a Manufactured Home built in 1978 on Permanent Foundation featuring 4 bedrooms and two bath. Separate laundry room. Total square footage for this home is approximately 2040 square feet. Great views of the lake from the covered patio or living room. Between the two homes are gazebo, spa, detached garage/storage building with shop-bathroom, two storage containers, RV hookups, Tiki Hut, Garden beds, beach and more. The highest potential usage of this home would be to add more manufactured homes to the property and rent out the space. Manufactured home is on city sewer, electric and water. Great fishing from the shoreline. Nighttime city lights and cool breezes. Possibilities are endless by adding homes, more manufactured storage or rentals, subdividing for single family residences with separate APNs or simply enjoy this unique property yourself. Close to shopping and freeways. See 3D Tour https://my.matterport.com/show/?m=ggyouXPHRCX&mls=1