Investor opportunity just a short walk from downtown Lake Elsinore with beautiful views of the lake. This 2 bedroom, 1 bathroom home sits on two parcels totaling over 2 acres, offering a rare combination of space and location. The home does need some TLC but provides excellent potential for future value. In addition, three adjacent parcels are available for separate purchase, creating even more opportunity for expansion or development. Whether you’re looking to enjoy a large lot in a desirable area or explore future investment options, this property is full of potential.
Sold for $500,000 on 10/06/25
Listing Provided by:
Misty Cochren DRE #01946178 909-214-2355,
Abundance Real Estate
Bought with: Abundance Real Estate
$500,000
250 E Prospect St, Lake Elsinore, CA 92530
2beds
1,421sqft
Single Family Residence
Built in 1924
2.61 Acres Lot
$498,000 Zestimate®
$352/sqft
$1,920 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 07, 2025 at 06:48am
Listing Provided by:
Misty Cochren DRE #01946178 909-214-2355,
Abundance Real Estate
Bought with:
Misty Cochren, DRE #01946178
Abundance Real Estate
Source: CRMLS,MLS#: SW25155368
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,421 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: main level
- Pool features: None
- Spa features: None
- Fencing: Privacy
- Has view: Yes
- View description: City Lights, Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
Lot
- Size: 2.61 Acres
- Features: 2-5 Units/Acre
Details
- Additional structures: Second Garage
- Additional parcels included: 373143003
- Parcel number: 373143002
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Fixer
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security Gate
Community
- Community features: Hiking, Lake, Mountainous
Location
- Region: Lake Elsinore
Other
Other facts
- Listing terms: Cash,Conventional
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Estimated market value
$498,000