15591 Alvarado StLake Elsinore, CA 92530

RARE 1.33-ACRE LAKE ELSINORE PROPERTY — DEVELOPMENT, COMPOUND & INCOME POTENTIAL- RANCH STYLE FARMHOUSE -ALLOWED 2 MAIN DWELLINGS + ADU

This is far more than just a home — it is a rare 1.33-acre property offering exceptional land, development, multigenerational-living and investment potential in Lake Elsinore.

The property already includes an existing primary residence while offering the potential, subject to applicable approvals, for additional residential development, including a second primary dwelling and an ADU of up to approximately 750 square feet. For a buyer looking to create a private family compound, provide separate housing for parents or adult children, or create additional rental-income opportunities, the possibilities here are difficult to find.

The property may also qualify for a California SB 9 urban lot split, potentially allowing the existing 1.33-acre parcel to be subdivided into two separate legal parcels, subject to all applicable eligibility requirements and City approval. There are also two recorded easements associated with the property.

A PROPERTY THAT SHOULD BE VALUED FOR MORE THAN THE HOUSE ALONE

Buyers should consider the significant underlying value of the 1.33 acres, development potential and permitted-use possibilities when comparing this property with nearby home sales. Many comparable homes in the area sit on approximately half-acre lots or smaller and may not offer the same combination of acreage and future development possibilities.

For a developer, investor, multigenerational family or buyer who simply wants space and flexibility, this property presents an opportunity that standard square-footage-based home comparisons may not fully capture.

HORSE & ANIMAL LOVERS

The property is currently understood to allow up to four hoofed animals, subject to applicable City requirements, making it especially attractive to horse and animal lovers.

Enjoy country-style space while remaining close to Lake Elsinore, with the property located less than a mile from the lake’s well-known launch area.

BEAUTIFUL LAND WITH ESTABLISHED FEATURES

The property offers mountain views from the rear and lake views from portions of the street and yard, along with mature landscaping and an impressive collection of established fruit and shade trees.

Existing trees include:

Pomegranate • Orange • Lemon • Lime • Kumquat • Pepper • Walnut

Additional property features include an older barn, tack room and dollhouse/playhouse, providing even more character and possibilities for the land. A brick wall borders one side of the property, with wood fencing along another.

Whether your vision is a private family compound, additional homes for extended family, rental-income property, horse property, development project, or long-term land investment, opportunities with this combination of acreage and residential potential are increasingly difficult to find in Southern California.

Existing home + 1.33 acres + additional dwelling potential + possible SB 9 lot split + animal privileges + lake and mountain views.

This is a property where the land and future possibilities may be every bit as valuable as the home itself.

Buyer to independently verify zoning, allowable dwelling count, ADU size, SB 9 eligibility, subdivision potential, animal allowances, easements and all development possibilities with the City of Lake Elsinore and other applicable authorities.

1.33 acres, 2 recorded easements. 2 dwellings permitted, plus 1 Adu. First easement from Alvarado street to the far left of the property, and the second easement from the left side of Alvarado street straight towards the middle of the property.(where a second dwelling would be built)

1 dwelling (main home on property now) 1 tackroom (on property now/ 4 horses allowed) 1 small barn (on property now/ animal shelter) 1 larger barn ( will need to be rebuilt/ recent storm destroyed it)