18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
Property Description
Discover an exceptional multi-unit investment and development opportunity located at 18487 Grand Ave in Lake Elsinore. Offered at $624,999, this unique property sits on over 3 acres of beautiful, development-ready land, presenting a rare blend of immediate rental income potential and expansive space to realize a grander vision. This versatile property features four total income-producing units, providing a highly desirable mix for seasoned investors or those looking to offset their mortgage. The residential layout includes two one-bedroom, one-bathroom units, a comfortable two-bedroom, one-bathroom unit, and a spacious three-bedroom, two-bathroom home. This flexible arrangement is perfect for generating multiple streams of cash flow or accommodating multi-generational living. Nestled in a great central location, the sprawling three-plus acre lot serves as the perfect canvas to build your dream home or expand your real estate portfolio. Residents will enjoy stunning, panoramic mountain views and a peaceful atmosphere while remaining conveniently close to local shopping, dining, and community amenities. Whether you are looking for a cash-flowing asset or the perfect site to make your development dreams come true acre by acre, this property delivers unbeatable value and potential. Opportunities featuring multiple units on this much usable land are incredibly rare. Don't miss your chance to secure a significant piece of Lake Elsinore real estate!
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 4 active · 3 closed
Lake Elsinore · Single Family Residence
Listed 25.1% below the median closed sale of $835,000. Price per sqft ($189) is a 20% discount to closed comps ($236). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 35159 El Dorado Street | Lake Elsinore | 2005 | 6 | 4 | 3,873 | 95,832 | $644 | $2.50M | 187 | 68 |
| 228 Spring | Lake Elsinore | 1942 | 7 | 3 | 3,823 | 7,405 | $628 | $2.40M | 25 | 68 |
| 4009 Hudson Circle | Lake Elsinore | 2026 | 6 | 6 | 3,337 | 10,406 | $261 | $871,990 | 25 | 50 |
| 4097 Lilah Circle | Lake Elsinore | 2026 | 6 | 6 | 3,337 | 9,484 | $283 | $945,990 | 45 | 50 |
| Total: 4 · Average | 6.3 | 4.8 | 3,592.5 | 30,781.75 | $454 | $1.68M | 70.5 | |||
| Median | 3,823 | $2.40M | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29307 Saltbush | Lake Elsinore | 2018 | 06/17/2026 | 6 | 6 | 3,605 | 7,841 | $859,999 | $859,000 | $238 | 1.00 | 46 | 63 |
| 23 Volta Del Tintori | Lake Elsinore | 2005 | 10/05/2026 | 6 | 3 | 3,238 | 10,890 | $829,000 | $835,000 | $258 | 1.01 | 34 | 52 |
| 31501 Stoney Creek Drive | Lake Elsinore | 1999 | 08/03/2026 | 6 | 3 | 3,438 | 12,632 | $745,000 | $730,000 | $212 | 0.98 | 40 | 52 |
| Total: 3 · Average | 6.0 | 4.0 | 3,427 | 10,454.333 | $808,000 | $808,000 | $236 | — | 40 | ||||
| Median | 3,438 | $835,000 | $835,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.