18326 Brightman Avenue, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$450,000
18326 Brightman Avenue, Lake Elsinore, California 92530
3Beds
2Baths
816Sqft
3,484Lot
Year Built
1964
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2502877
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Welcome to your home in the beautiful Lakeside Community of Lake Elsinore. Your home includes an income producing fully functioning ADU (Accessory Dwelling Unit) on a quiet street. This beautiful home features 3 spacious bedrooms, 1.5 bathrooms and effortlessly combines comfort, style, and functionality. 2 Car Garage with additional parking for your guests. Light-filled living areas, updated flooring, and a low-maintenance yard. No HOA or Mello-Roos. Minutes to schools, shopping, and freeway access. Located in Lake Elsinore where you can enjoy water sports, fishing or just relaxing by the water. Zoned R3. The ADU is a detached 1-bedroom, 1-bath is fully separate from the main home, offering privacy for tenant or multi-generational living. Bonus opportunity, the detached garage, located at the rear of the property, offers potential for future conversion into an additional living or dual rental. Plenty of outdoor space for future enhancements. This home offers the perfect balance of livability and long-term equity growth.

Price History

Date
Event
Price
04/23/25
Listing
$450,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (307 Listings)
Beds33
50%
Baths22
50%
Square foot8161,807
1%
Lot Size3,4847,405
4%
Price$450K$581K
8%
Price per square foot$551$328
98%
Built year196410026003
7%
HOA
Days on market197191
54%
Condition Rating
Good

Built in 1964, this property has undergone significant updates, particularly in the main kitchen and bathroom, which feature modern cabinets, stainless steel appliances, and contemporary fixtures. The addition of a fully functioning ADU also contributes to its functionality and value. While some original elements like the vaulted wood ceilings remain, the overall condition is well-maintained and move-in ready, aligning with an extensive renovation within the last 5-15 years.
Pros & Cons

Pros

Income-Producing ADU: The property includes a fully functioning, detached Accessory Dwelling Unit (ADU), offering immediate income potential or flexible multi-generational living arrangements.
Significant Value-Add Potential: Zoned R3, with a detached garage offering conversion potential and ample outdoor space for future enhancements, providing clear avenues for equity growth.
Financial Savings: The absence of HOA fees and Mello-Roos significantly reduces the monthly cost of homeownership, making it more affordable.
Convenient Location: Strategically located minutes from schools, shopping, freeway access, and recreational activities at Lake Elsinore, enhancing daily convenience and lifestyle.
Updated Features & Parking: The main home features updated flooring and light-filled living areas, complemented by a 2-car garage and additional guest parking, contributing to immediate livability.

Cons

Compact Main Home Size: The main residence's 816 sqft for 3 bedrooms is relatively small, which may limit living space and appeal for larger families or those desiring more room.
Older Property Age: Built in 1964, the home is 60 years old, which could imply potential for older systems (e.g., HVAC, plumbing, electrical) that may require future investment or maintenance.
Limited Main Home Bathrooms: The main house features only 1.5 bathrooms for three bedrooms, which can be inconvenient for occupants and potentially impact its market appeal.

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