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314 Acacia

Lake Elsinore, CA 92530
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Bed 7

Bed

Bath 4

Bath

SqFt18,000

Sqft(Lot)

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 en compasses 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $585,000

AD Id : 91264028

MLS Id : OC26202519

Beds : 7

Lot Size : 18,000 Sq. Ft

Year Built : 1957

Garage : 2

County : Riverside

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Feature Features

  • Interior Features

    CeilingFans, QuartzCounters
    Laundry Features: WasherHookup, GasDryerHookup, Inside, LaundryCloset, Stacked, UpperLevel
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1957
    Building Area Total: 1250
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Lake

  • Lot Information

    Main Square Feet: 18000 Lot Size Acres: 0.4132 Lot Size Source: Assessor Lot Size Square Feet: 18,000 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $585000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 373135017 Tax Lot: 19 Tax Block: 9

  • Parking Information

    Parking Total: 10 AttachedCarport, Concrete

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    SewerAvailable, SewerConnected, WaterConnected
  • Location Information

    Direction: turn left onto Acacia St. WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/18/2026 @ 08:47

MLS: OC26202519 LISTED BY: Justin Schaller, Lion Heart Realty 949-910-8253 SOURCE: CRMLS

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