Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business.
Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return.
Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements.
Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.
For sale
Listed by: ReMax Sky • Olluky Lopez • Contact: 323-742-1823
$1,199,999
118 N Main St, Lake Elsinore, CA 92530
4beds
1baths
2,941sqft
Mixed Use
Built in 1920
-- sqft lot
$1,190,500 Zestimate®
$408/sqft
$-- HOA
What's special
- 330 days
- 108
- 8
Zillow last checked:
Listing updated:
Listed by:
Olluky Lopez DRE #02040124 323-742-1823,
ReMax Sky,
Joey O'neill DRE #01377147 714-801-1014,
ReMax Sky
Source: CRMLS,MLS#: DW25237444
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
Heating
- Central
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,941
- Total interior livable area: 2,941 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
Lot
- Size: 3,920 Square Feet
- Features: Walkstreet
Details
- Parcel number: 373024016
- Special conditions: Notice Of Default
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights
Location
- Region: Lake Elsinore
Financial & listing details
- Price per square foot: $408/sqft
- Date on market: 10/10/2025
- Cumulative days on market: 331 days
- Listing terms: Cash,Conventional
Estimated market value
$1,190,500
$1.13M - $1.25M
$2,183/mo
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 92530
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