305 Line Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
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305 Line Street
Lake Elsinore, California 92530
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,173Sq Ft
17,860Lot Size
Property Price
LIST PRICE$719,000
EST. MARKET VALUE
$675,335
6% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $719,000, positioned above the $673,927 Fair Market Value. While the property requires careful financial review due to the recent sale history, the 17,860 sqft lot and Condition Rating of 3 provide a solid foundation for value-add strategies. Featuring a modern mini-split HVAC and distant mountain views, this asset offers significant flexibility for expansion. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage multi-family income streams in a growing market.
Estimated Market Value
$675,335
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 Line Street Subject | $719,000* List Price | 0 | 0 | 2,173 | $311 | - |
A 138 E Peck Sold | $750,000 | 6 | 5 | 2,605 | $288 | 0.3 mi |
B 237 E Prospect Street Sold | $762,350 | 6 | 3 | 2,369 | $322 | 0.2 mi |
C 111 S South Lindsay Street Pending | $899,000 List Price | 0 | 0 | 2,310 | $389 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1962, the interior shows clear evidence of a renovation within the last 5-15 years. The unit features updated laminate flooring, fresh paint, and a modern mini-split HVAC system, making it functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
As a triplex, this property offers a versatile residential income opportunity, ideal for investors seeking multiple cash flow streams or owner-occupants looking to offset their mortgage.
- Expansive Lot Size
The substantial 17,860 sqft lot provides significant value and flexibility, offering ample space for potential ADU additions, tenant parking, or future property expansion.
- Strategic Location
Situated in Lake Elsinore, the property is positioned in a growing region with increasing demand for multi-family housing, supporting long-term appreciation and occupancy.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2173, other record living area = 1173.
- Recently Sold Property
The property was recently sold within the past year on 2026-01-21. The sold price is $427,000.00.
- Aging Infrastructure
Built in 1962, the property may require capital improvements or updates to major systems to meet modern energy efficiency standards and reduce ongoing maintenance costs.
About 305 Line Street
Discover a unique investment opportunity in Lake Elsinore with this versatile three-unit property. Ideal for investors or owner-occupants, the property offers multiple income-producing possibilities—live in one unit while renting the others, accommodate extended family, or add a multifamily asset to your portfolio. Each residence provides private living space, while the property’s location offers convenient access to shopping, dining, recreation, major roadways, and Lake Elsinore’s scenic waterfront. With strong rental potential and flexible living arrangements, this triplex is an opportunity you won’t want to miss. Buyer to verify all unit details, permits, square footage, zoning, and rental information.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1962
- Lot Size
- 17,860 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 2,173 | 1,928 |
| Lot Size | 17,860 | 5,227 |
| Price | $719.0K | $550.3K |
| Price per sq ft | $331 | $358 |
| Built year | 1962 | 1958 |
| HOA | $0 | $0 |
| Days on market | 43 | 117 |
Pricing History
Listed for Sale
Jul 28, 2026
$719,000
Initial Listing
Sold
Jan 21, 2026
$427,000
Public Record
Sold
Sep 17, 2018
$265,000
Public Record