TWO LOTS INCLUDED!! This is a rare opportunity to own a charming mid-century bungalow, AND the additional adjoining parcel that is also included! Per Realist Tax, the two properties combined form a lot of approx.12,632 sq ft, and they are located just a few blocks from the lake. The property offers great flexibility with plenty of space for outdoor activities and lots of room to park an extra car, an RV, a boat, or other toys. A charming front gable with wood railings enhances the entry, while a newer concrete pad off the side door creates a great space for BBQs, or dining al-fresco under the stars. Inside, you’ll find laminate flooring, refreshed paint, smooth ceilings, dual-pane E-glass windows, and updated doors that enhance both comfort and efficiency. This delightful single story home features classic architectural gables, abundant natural light, a bright, sunny, and cheerful interior that flows throughout the home. The spaces feel open & colorful, with sunlight pouring in to create a warm, welcoming atmosphere. The spacious, light, and bright kitchen has upgraded counters, a newer gas range, custom glass front cabinets, and plenty of room for a breakfast table and chairs where you can enjoy a morning meal while you take in the view through the picture window of the sparkling mountain vistas. The interior floor plan includes 2 well-sized bedrooms and 1 bath. The elegant living room and comfortable dining room have lots of framed windows and upgraded flooring. The spacious primary bedroom has a walk-in closet. Ceiling fans are located in the living room, kitchen, and both bedrooms. The kitchen includes an updated faucet, and the home features updated blinds throughout. A converted garage serves as extra storage or a flexible art or craft space, offering opportunity for finishing touches and personalization. The utility room has been converted into a functional indoor laundry area, and there is even a convenient hallway linen closet. Other important updates to this special home took place, per the seller approximately 8 years ago, and include replacing the roof, adding dual pane windows, updating the siding, and upgrading the interior and exterior doors. This is a home filled with light, character, and charm —offering comfort today and possibilities for tomorrow. Whether you’re a homebuyer with a vision, or an investor looking to find your next project, this versatile 2-bedroom, 1-bathroom home with an additional adjoining parcel could be it.
Property Details
Price:
$498,000
MLS #:
IG26104181
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
Listed Date:
May 15, 2026
Finished Sq Ft:
931
Lot Size:
12,632 sqft / 0.29 acres (approx)
Year Built:
1947
See this Listing
Schools
School District:
Lake Elsinore Unified
High School:
Lakeside
Interior
Appliances
GR
Bathrooms
1 Full Bathroom
Cooling
WW
Heating
WL
Laundry Features
IN, SEE
Levels
A
Main Level Bathrooms
1
Main Level Bedrooms
1
Exterior
Architectural Style
BNG
Attached Garage YN
1
Common Walls
NCW
Community Features
FHL, LAKE
Garage Spaces
1
Parking Spots
1
Parking Total
1
Patio And Porch Features
CON, PO
Roof
ASP
Spa Features
NO
View
MT
Window Features
BLI, DPW
Financial
Map
Community
- Address33161 Pederson Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Market Summary
Current real estate data for Single Family in Lake Elsinore as of Jun 03, 2026
311
Single Family Listed
65
Avg DOM
298
Avg $ / SqFt
$572,051
Avg List Price
Property Summary
- 33161 Pederson Lake Elsinore CA is a Single Family for sale in Lake Elsinore, CA, 92530. It is listed for $498,000 and features 2 beds, 1 baths, and has approximately 931 square feet of living space, and was originally constructed in 1947. The current price per square foot is $535. The average price per square foot for Single Family listings in Lake Elsinore is $298. The average listing price for Single Family in Lake Elsinore is $572,051.
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33161 Pederson
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