138 E Peck, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 6 bed, 5 bath

138 E Peck
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 138 E Peck, Lake Elsinore, California 92530 is currently available with a list price of $750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This property is a duplex with one unit fully remodeled and the other newly constructed in 2023, indicating excellent condition for the newer unit. The remodeled front unit appears to have modern finishes, updated flooring, and a clean kitchen with white cabinetry and tile flooring. While the original structure was built in 1936, the significant renovations and new construction elevate the overall condition. The presence of updated lighting fixtures and the overall clean appearance in the provided images suggest a move-in ready status. The description mentions separate meters, which is a positive for functionality. The older build year of the front unit prevents an 'excellent' score, but the extensive updates and new construction justify a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Producing Duplex
Offers immediate income potential with two distinct units, ideal for investors or owner-occupants seeking rental income.
- Prime Location
Walkable to downtown Lake Elsinore's dining and shopping, and moments from the lake, ensuring strong rental demand and lifestyle appeal.
- Modern Upgrades & New Construction
The front unit is remodeled, and the rear unit is newly constructed (2023), providing contemporary living spaces and reduced immediate maintenance needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2605, other record living area = 1445. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
- Shared Driveway
A shared driveway may present convenience or access challenges for tenants or future owners.
- Potential for Tenant Disruption
The front unit is currently rented, and photos have been digitally enhanced to remove tenant belongings, indicating potential for tenant-occupied delivery which may require management.
About 138 E Peck
Come enjoy an incredible opportunity to own a beautifully upgraded income-producing duplex in the heart of Lake Elsinore. This exceptional property offers flexibility, strong rental potential, and modern living—all within walking distance to downtown dining, shopping, and just moments from the lake. The front unit has been completely remodeled and features 3 bedrooms, 2.5 bathrooms, and approximately 1,500 square feet of thoughtfully updated living space. With its modern finishes and inviting layout. This unit currently rents the shed in back for additional income. The rear unit, built in 2023, offers 3 bedrooms and 2 bathrooms with approximately 1,300 square feet of contemporary living. Both units are in excellent condition and each includes its own private laundry room, separate gas and electric meters, and a sub-metered water meter, making this an ideal setup for owner-occupants or investors alike. Front unit is currently rented,, with the option for tenant-occupied or vacant delivery at close of escrow, offering flexibility to live in one and rent the other—or rent both and enjoy immediate income. Additional highlights include a shared driveway, well-maintained exteriors, and a prime downtown Lake Elsinore location that enhances long-term rental demand. Some reasons this is a great buy: Amazing rental opportunity, Live in one, rent the other—or rent both, Close to the lake and walkable to everything, Strong income potential in a growing area Please note: Photos have been digitally enhanced to remove tenants’ personal belongings for privacy and security. Don’t miss this rare opportunity to own a beautifully renovated, newer-construction duplex in one of Lake Elsinore’s most desirable locations. Schedule your private showing today and explore the income and lifestyle potential this exceptional property has to offer.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1936
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | - | 67% |
| Baths | 5.0 | - | 67% |
| Square foot | 2,605 | 2,310 | 67% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $750.0K | $725.0K | 67% |
| Price per sq ft | $288 | $288 | 50% |
| Built year | 1936 | 1964 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 150 | 33% |
Pricing History
Listed for Sale
Jan 16, 2026
$750,000
Initial Listing
Sold
Mar 31, 2022
$485,000
Public Record
Sold
Apr 27, 2017
$275,000
Public Record
Sold
Jul 31, 2002
$123,500
Public Record































