29489 3rd, Lake Elsinore, CA 92532
29489 3rd, Lake Elsinore, CA 92532
Property Description
Location Location Location . Value in Land .1 acre with a manufactured home / Home is a fixer and selling AS - IS /. Chapter 17.134 . CMU Commercial Mixed Use District. Permitted use: Apartments , Row housing , townhomes , Supportive housing , Food establishment, Financial , Live and work unit , Medical office , Professional offices, Parking facility, Retail , side walk vendors , Caretaker quarters , Bed and breakfast and more . Other use subject to CUP : Animal Hospital , Bar / PUB / Lounge , Card room , Catering services , Day Care , Condominium complex, Massage establishment , Assembly use ,Residential care facility and more . Temporary TUP : Open air market / food trucks . This property is next to LA fitness, Super Walmart, In and out burger , Douglas burger, Costco, Home Depot, Lowes and more . Easy on and off the 15 Freeways at main street , central or other exits. Live in home while you go threw process to add a drive thru restaurant , up to 18 apartments , church and or any CMU . See supplement for Restaurant Funding / Loans . Easy on and off the 15 freeway or 215 freeways .
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Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Lake Elsinore · Manufactured On Land
Listed 211.1% above the median closed sale of $450,000. Price per sqft ($1,042) is a 213% premium to closed comps ($333). Closed comps sold at 101% of list — strong seller's market. Expect a longer timeline — comps averaged 164 days on market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 32845 Morrison Place | Lake Elsinore | 1977 | 3 | 2 | 1,440 | 7,405 | $208 | $299,000 | 36 | 89 |
| 18306 Oleander Street | Lake Elsinore | 1977 | 3 | 2 | 1,344 | 5,663 | $327 | $439,999 | 98 | 86 |
| 31038 Ponderosa | Lake Elsinore | 1977 | 3 | 2 | 1,440 | 6,098 | $246 | $354,900 | 85 | 84 |
| 32901 Crescent Avenue | Lake Elsinore | 2004 | 3 | 2 | 1,344 | 6,534 | $290 | $390,000 | 3 | 83 |
| 32565 Wildomar Road | Lake Elsinore | 1970 | 2 | 2 | 1,296 | 6,098 | $309 | $400,000 | 79 | 83 |
| Total: 5 · Average | 2.8 | 2.0 | 1,372.8 | 6,359.6 | $276 | $376,779.8 | 60.2 | |||
| Median | 1,344 | $390,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32551 Crescent Avenue | Lake Elsinore | 1981 | 07/01/2026 | 2 | 2 | 1,456 | 6,970 | $420,000 | $410,000 | $282 | 0.98 | 48 | 85 |
| 1212 Pottery | Lake Elsinore | 2006 | 09/28/2026 | 3 | 2 | 1,311 | 6,098 | $475,000 | $480,000 | $366 | 1.01 | 150 | 81 |
| 17457 RANSPOT | Lake Elsinore | 2025 | 06/25/2026 | 3 | 2 | 1,494 | 5,663 | $459,900 | $450,000 | $301 | 0.98 | 117 | 78 |
| 18330 Eucalyptus Avenue | Lake Elsinore | 2008 | 08/14/2026 | 3 | 2 | 1,056 | 6,098 | $380,000 | $410,000 | $388 | 1.08 | 85 | 78 |
| 31768 Via Verde | Lake Elsinore | 2003 | 06/26/2026 | 3 | 2 | 1,560 | 6,970 | $510,900 | $510,000 | $327 | 1.00 | 418 | 76 |
| Total: 5 · Average | 2.8 | 2.0 | 1,375.4 | 6,359.8 | $452,000 | $452,000 | $332.8 | — | 163.6 | ||||
| Median | 1,456 | $450,000 | $450,000 | ||||||||||
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.