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About This Home

This 2-bedroom, 1-bathroom single family at 33161 Pederson in Lake Elsinore, CA is listed for $498,000 ($535 per sqft). Built in 1947, the home offers 931 sqft of living space on a 0.29 acres lot.

Agent Description

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.

Key Features

  • Built in 1947
  • 0.29 acre lot
  • 1 parking spaces

Property Details

1 story
1 full
1 space
1947

Amenities

View

Monthly Cost Estimate

$2,663/mo

20% down · 6.5% · 30 years

Principal$360
Interest$2,158
Insurance$145

Estimates only. Actual payments may vary.

Location

33161 Pederson

Lake Elsinore, CA 92530

Features & Amenities

Interior Features

Window Features: Double Pane WindowsBlinds

Exterior Features

Community Features Included: FoothillsLakeLevel With StreetFront Yard

Property Details

Views

Mountain

Parking

Garage

Heating

Wall Furnace

Cooling

Multi UnitsWall/Window Unit(s)Window Unit(s)

Appliances

RangeRange - Gas

Questions & Answers

This 2-bedroom, 1-bathroom single family at 33161 Pederson is listed at $498,000 ($535/sqft). The estimated monthly payment is $2,158 based on 20% down at 6.5% interest.

Key features include: Built in 1947, 0.29 acre lot, 1 parking spaces. Interior Features: Window Features: Double Pane Windows, Blinds. Exterior Features: Community Features Included: Foothills, Lake, Level With Street.

This property is listed by Jill Ross and can be reached at 9517513556 or jill.ross@bhhscaproperties.com.

JR

Jill Ross

Agent at BHHS CA Properties

(951) 751-3556

Listed by BHHS CA Properties · View on Broker Site

MLS# IG26104181· Source: listhub· Updated 17 days ago

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

33161 Pederson, Lake Elsinore, CA 92530

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