33161 Pederson
Lake Elsinore, CA, 92530
$498,000
2 Beds
1 Baths
931 SqFt
0.29 Acres
Add
MLS #IG26104181 image #0
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
BungalowParking Total699 – Not Defined699notdefinedLake Elsinore UnifiedLakesideMountain(s)

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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

Market Summary

Current real estate data for Single Family in Lake Elsinore as of Jun 24, 2026
324
Single Family Listed
70
Avg DOM
292
Avg $ / SqFt
$587,146
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 $292. The average listing price for Single Family in Lake Elsinore is $587,146.

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