Investment Opportunity, commercially zoned, in the unincorporated area of Lake Elsinore. This duplex income property is located in a community known for its extreme sports and outdoor activities. The property features two units, each with 1 bedroom, a 3/4 bath, a living room area, the kitchen, and a private fenced yard. The units, totaling 900 sq. ft. of living area (450 sq. ft. per unit), are older but in good condition. Each unit has separate electric meters, and shares meters for the other utilities. There are newly installed gas lines and new wall heaters in each unit. Window air conditioning units were installed by previous renters. The duplex sits on a 3,920 sq. ft. lot with ample parking space. Located within walking distance of the Lake and Perret Park, which backs up to the Lake. The community is a popular destination for paragliding, dirt bike riding, and hiking, as well as boating, waterskiing, fishing, and other water sports here in Lake Elsinore. The combination of commercial zoning and prime location offers diverse revenue streams and long-term growth potential. The new Lake Elsinore Marina and RV Resort area features modern amenities, including yurt rentals for tourists. For more information or to schedule a viewing, please contact us. ---
Under contract
Listing Provided by:
Wendy McGowan DRE #01446983 909-996-9626,
Century 21 Masters
$444,000
17785 Grand Ave #A-B, Lake Elsinore, CA 92530
2beds
2baths
900sqft
Est.:
Duplex
Built in 1947
-- sqft lot
$-- Zestimate®
$493/sqft
$-- HOA
What's special
Private fenced yardAmple parking spaceNew wall heaters
- 75 days
- on Zillow |
- 711 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: May 08, 2025 at 12:14pm
Listing Provided by:
Wendy McGowan DRE #01446983 909-996-9626,
Century 21 Masters
Source: CRMLS,MLS#: SW25021257
Originating MLS: California Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Rooms
- Room types: All Bedrooms Down, Living Room, Master Bedroom
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Range, Gas Water Heater, Range
- Laundry: None
Features
- Ceiling Fan(s)
- Flooring: Tile
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Parking
- Total spaces: 2
- Parking features: Unpaved, Driveway, On Site, Open
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: living room
- Pool features: None
- Spa features: None
- Fencing: Wood,Fenced
- Has view: Yes
- View description: None
Lot
- Size: 3,920 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 381231003
- Zoning: C-1/C-P
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Lake
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Lake Elsinore
Financial & listing details
- Price per square foot: $493/sqft
- Date on market: 2/14/2025
- Listing terms: Down Payment Resource
- Inclusions: Resin storage shed in Unit B yard
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
- Loading