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29489 3rd — Lake Elsinore — 3 Beds • 2 Baths • 1,344 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN TODAY · 8AM – 8PM

$1,500,000

21 DOM

$1,116/sqft3 bd2 ba1,344 sqft

Call

29489 3rd Lake Elsinore, CA 92532

1.06acre lot

Location Location Location . Value in Land .1 acre with a manufactured home / Home is a major 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 , Cartaker 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 . Temporaty TUP : Open air market. 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 .See Remarks a

MLS SW26062609

951-303-3000 (Office) richard.knapp@camoves.com

Est. payment

$9,586/mo

Principal & interestTaxesInsurance

$7,585$1,563$438

Down %

Rate %

Years

Down payment: $300,000 · Total cost: $3,030,534

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$9,586/mo

Principal & interest: $7,585
Est. property tax: $1,563
Est. insurance: $438
Down payment: $300,000

Est. gross rent$6,250/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,336/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 23, 2026	$1,500,000	—

Facts & Features

Structure & Property

Year Built1984

951-303-3000 (Office) richard.knapp@camoves.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

29489 3rd, Lake Elsinore, CA 92532

Get Directions

Call

29489 3rd Lake Elsinore, CA 92532

About this home

Richard Knapp, Jr

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Richard Knapp, Jr

Sale & Tax History

No Recent Sales History

Location

Listing Agent

Presented by Belmont Brokerage Inc.

29489 3rd, Lake Elsinore, CA 92532

About This Property

Property Photos

Location

Open Houses

29489 3rd Lake Elsinore, CA 92532

About this home

Richard Knapp, Jr

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Richard Knapp, Jr

Sale & Tax History

No Recent Sales History

Location

Listing Agent

Presented by Belmont Brokerage Inc.