29960 Riverside Drive, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$299,000
29960 Riverside Drive, Lake Elsinore, California 92530
1Bed
1Bath
537Sqft
1,742Lot
Year Built
1940
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW25111304
Home ConditionPoor
Features
Good View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)

About this home

Ready to show now, come tour this property today. Prime location home with 2 Extra Lots for sale together. This is a rare chance to own a charming cottage plus two extra lots in one of Southern California’s fastest-growing cities. Lake Elsinore is known for its beautiful mountain views, Lake, outdoor fun, and affordable homes, this area is perfect for those looking for space, convenience, and future potential. Located on a flat and usable lot, this home comes with two additional lots (APN# 375-021-035 & 375-021-006) next to it giving you room to expand, build, or simply enjoy extra space. Whether you want a weekend getaway, a full-time place to live, or an investment with upside, this property gives you lots of options and potential. You can also store your RV or boat here and enjoy fishing, boating, and lake activities just minutes away. The location is a big plus! You're close to Costco, Walmart, Target, and Home Depot for easy shopping. Commuters will love being near the 15 Freeway and Ortega Highway, with quick drives to Orange County, Riverside, or San Diego. Temecula Wine Country and Pechanga Resort & Casino are only about 30 minutes away for fun weekend trips. Lake Elsinore is growing fast and still offers great value. Whether you're a first-time buyer, investor, or someone looking for a house near the lake, this property with 3 total lots is a rare find. Don’t miss out on this unique opportunity!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (308 Listings)
Beds13
1%
Baths12
4%
Square foot5371,830
0%
Lot Size1,7427,405
0%
Price$299K$582K
0%
Price per square foot$557$327
98%
Built year19402005
3%
HOA
Days on market170191
42%
Condition Rating
Poor

The property was built in 1940 and the images show outdated kitchen and bathroom fixtures. The overall condition appears to require substantial repairs and rehabilitation. The kitchen cabinets are a mix of old and newer styles, and the bathroom has an old tub and vanity. The flooring appears worn. Given the age and visible condition, it falls into the 'poor' category.
Pros & Cons

Pros

Large Lot Size: The property includes two extra lots, providing ample space for expansion, building, or recreational use.
Development Potential: The additional lots offer significant development potential for investors or homeowners looking to expand.
Prime Location: Located in a rapidly growing city with convenient access to shopping, freeways, and recreational activities.
Recreational Opportunities: Close proximity to Lake Elsinore allows for easy access to fishing, boating, and other lake activities.
Commuter Friendly: Easy access to the 15 Freeway and Ortega Highway makes commuting to Orange County, Riverside, and San Diego convenient.

Cons

Small Living Space: The house itself is only 537 sqft, which may be too small for some buyers.
Age of Property: Built in 1940, the property may require updates or repairs due to its age.
Limited Amenities: The property is a 1 bed 1 bath, which may not be suitable for families.

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