Skip main navigation
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

    List your home for rent

    $1,920/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,920/mo

    Rent Zestimate®

    Refinance and save

    $3,121/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $3,121/mo

    Est. payment

    What's special

    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.

    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#: SW25155368MLS LogoOriginating 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
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $498,000