314 Acacia, Lake Elsinore, CA 92530
Local realty services provided by:CENTURY 21 Experience
314 Acacia,Lake Elsinore, CA 92530
$585,000
- - Beds
- - Baths
- 1,250 sq. ft.
- Multi-family
- Active
Listed by: justin schaller
Office: lion heart realty949-910-8253
MLS#:OC26202519
Source:CRMLS
Price summary
- Price:$585,000
- Price per sq. ft.:$468
About this home
Rare opportunity in Lake Elsinore offering beautiful lake views, a fully remodeled residence, and exceptional future potential. 314 Acacia Street is a charming 2-bedroom, 1-bath ranch-style cottage thoughtfully renovated while retaining its original hardwood floors and character. Improvements include a beautifully updated kitchen and bathroom, newer roof and plumbing, plus a spacious finished basement providing additional storage and utility.
Enjoy unobstructed views of Lake Elsinore from the living room and both bedrooms, along with a private patio off the living room—the perfect setting to relax and take in the lake and surrounding hills. The home is currently tenant occupied, providing immediate rental income and flexibility for a future owner-user or investor.
The property encompasses seven combined APNs (373-135-012 through 373-135-018) and offers abundant outdoor space for RV parking, recreational vehicles and outdoor living, all surrounded by ranch-style fencing. A professional topographic survey was completed in 2025.
Significant preliminary development work has already been completed. The property has undergone preliminary planning review, and architectural plans have been prepared for a proposed additional residence and ADU. The architectural plans, survey and related development materials will transfer with the sale. There may also be potential for an additional ADU associated with the existing residence. All proposed development, unit counts and uses are subject to applicable governmental requirements, further review and approvals. Buyer to independently verify development potential.
The area is currently undergoing a septic-to-sewer conversion, adding another important component to the property's future potential. Buyer to verify sewer availability, connection requirements, timing and any applicable costs with the appropriate agencies.
Conveniently located within walking distance of Historic Downtown Lake Elsinore, this unique property combines a beautifully remodeled home, lake views, income potential or family compound, substantial land and valuable preliminary development work already completed. An exciting opportunity for an owner-user, investor or builder seeking a distinctive property with room to enjoy today and possibilities for the future....
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Home facts
- Year built:1957
- Listing ID #:OC26202519
- Added:1 day(s) ago
- Updated:September 16, 2026 at 11:45 AM
Rooms and interior
- Living area:1,250 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1957
- Building area:1,250 sq. ft.
- Lot area:0.41 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Sewer Available, Sewer Connected
Finances and disclosures
- Price:$585,000
- Price per sq. ft.:$468
Features and amenities
- Laundry features:Inside, Stacked
- Amenities:Ceiling Fans, Quartz Counters
Parking
- Total parking spaces:10
- Parking description:Attached Carport, Concrete
- Garage:Yes
- Garage spaces:2
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