18487 Grand Lake Elsinore CA 92530 | MLS #SW26213355
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!
Property Details
Price:
$624,999
MLS #:
SW26213355
Status:
Active Under Contract
Beds:
7
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Oct 5, 2026
Finished Sq Ft:
3,300
Lot Size:
93,654 sqft / 2.15 acres (approx)
Year Built:
1925
See this Listing
Schools
School District:
Lake Elsinore Unified
Interior
Appliances
None
Bathrooms
4 Full Bathrooms
Cooling
None
Heating
Central
Laundry Features
Laundry Room
Levels
One
Main Level Bathrooms
4
Main Level Bedrooms
7
Exterior
Accessibility Features
None
Common Walls
No Common Walls
Community Features
Lake
Fencing
Chain Link
Lot Features
Ranch, Rectangular Lot, Back Yard, Horse Property Unimproved
Open Parking YN
1
Parking Features
Pull-through, RV Access/Parking, Driveway, Unpaved, RV Potential
Roof
Composition
Stories
1
View
Mountain(s)
Financial
Map
Community
- Address18487 Grand Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Subdivisions in Lake Elsinore
Market Summary
Current real estate data for Single Family in Lake Elsinore as of Oct 28, 2026
295
Single Family Listed
65
Avg DOM
313
Avg $ / SqFt
$655,618
Avg List Price
Property Summary
- 18487 Grand Lake Elsinore CA is a Single Family for sale in Lake Elsinore, CA, 92530. It is listed for $624,999 and features 7 beds, 4 baths, and has approximately 3,300 square feet of living space, and was originally constructed in 1925. The current price per square foot is $189. The average price per square foot for Single Family listings in Lake Elsinore is $313. The average listing price for Single Family in Lake Elsinore is $655,618. To schedule a showing of MLS#sw26213355 at 18487 Grand in Lake Elsinore, CA, contact your Compass agent at 310.409.7242.
Similar Listings Nearby
Courtesy of Inland Valley Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.18487 Grand
Lake Elsinore, CA