33043 Wesley Street, Winchester, California 92596, Winchester, 92596 - bed, bath
ACTIVE$899,900
33043 Wesley Street, Winchester, California 92596
0Bed
0Bath
2,272Sqft
11,326Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential & Versatility: This hard-to-find 4-unit property generates a gross monthly rent of $6,780, offering stable cash flow and suitability for various investment strategies, including house hacking, portfolio expansion, or a 1031 exchange.
Top Cons:
Limited Visual Information: The listing explicitly states 'For interior photos, please request from the listing agent,' which can deter initial buyer interest and transparency, requiring an extra step for potential investors to assess the unit conditions.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1963 (62 years old).
Condition: The property, built in 1963, has an older underlying structure. While the listing states 'All units remodeled before current tenants took possession' and a new roof is being installed (February 2025), there are no interior photos available to assess the condition, style, and features of the kitchens, bathrooms, flooring, or fixtures. Without visual confirmation of the extent and recency of these remodels, particularly for key areas like kitchens and bathrooms, it's difficult to assign a higher score. The exterior appears maintained, but the age of the property suggests that major components, despite cosmetic updates, may still be functional but outdated.
Year Built
1963
Close
-
List price
$900K
Original List price
$1.07M
Price/Sqft
$396
HOA
-
Days on market
-
Sold On
-
MLS number
IV25153709
Home ConditionFair
Features
View-
About this home
Tucked into a peaceful neighborhood with true small-town charm, this hard-to-find 4-unit property offers stable cash flow and strong tenant appeal. The mix includes: 1 spacious 4 bed, 2 bath unit renting for $2,310/month. 1 comfortable 3 bed, 2 bath unit renting for $2,280/month. 1 charming 2 bed, 1 bath unit renting for $1,295/month. 1 efficient studio renting for $895/month. That’s $6,780/month in total gross rents, with room for upside. The roof was just redone in February of 2025. All units remodeled before current tenants took possession. For interior photos, please request from the listing agent. Located just blocks from Winchester Elementary and the Francis Domenigoni Community Center, with Diamond Valley Lake a short drive away, this is a prime location for long-term tenants seeking quiet living with easy access to recreation and schools. Whether you're looking to house hack, add a strong income property to your portfolio, or 1031 into a low-maintenance asset, this one checks all the boxes. Properties like this rarely hit the market—don’t miss it.
Nearby schools
3/10
Winchester Elementary School
Public,•K-5•0.4mi
2/10
Rancho Viejo Middle School
Public,•6-8•5.4mi
4/10
Tahquitz High School
Public,•9-12•5.6mi
1/10
Aspire Community Day
Public,•7-12•7.4mi
Condition Rating
Fair
The property, built in 1963, has an older underlying structure. While the listing states 'All units remodeled before current tenants took possession' and a new roof is being installed (February 2025), there are no interior photos available to assess the condition, style, and features of the kitchens, bathrooms, flooring, or fixtures. Without visual confirmation of the extent and recency of these remodels, particularly for key areas like kitchens and bathrooms, it's difficult to assign a higher score. The exterior appears maintained, but the age of the property suggests that major components, despite cosmetic updates, may still be functional but outdated.
Pros & Cons
Pros
Strong Income Potential & Versatility: This hard-to-find 4-unit property generates a gross monthly rent of $6,780, offering stable cash flow and suitability for various investment strategies, including house hacking, portfolio expansion, or a 1031 exchange.
Recent Capital Improvements: The roof was recently redone (February 2025, assuming current or imminent completion) and all units were remodeled before current tenants moved in, significantly reducing immediate capital expenditure for a new owner.
Significant Price Adjustment: The property has undergone a substantial price reduction from its original list price of $1,075,000 to $899,900, presenting a potentially more attractive entry point for investors.
Desirable Location for Tenants: Situated in a peaceful, small-town neighborhood, the property is blocks from Winchester Elementary and a community center, with Diamond Valley Lake a short drive away, enhancing its appeal for long-term tenants seeking quiet living and convenience.
Diverse Unit Mix with Rent Upside: The property features a varied unit mix (4-bed, 3-bed, 2-bed, studio) catering to a broad tenant base, with explicit mention of 'room for upside' in current rents, suggesting potential for increased income.
Cons
Limited Visual Information: The listing explicitly states 'For interior photos, please request from the listing agent,' which can deter initial buyer interest and transparency, requiring an extra step for potential investors to assess the unit conditions.
Property Age & Potential Infrastructure Concerns: Built in 1963, the property is over 60 years old. While cosmetic remodels and a new roof are noted, older underlying infrastructure (e.g., plumbing, electrical, HVAC systems) may require future attention not explicitly detailed in the description.
Data Inconsistencies Regarding Dates: Several key dates, such as the roof replacement (February 2025) and the on-market date (July 2025), are listed in the future, which could indicate data entry errors or pre-listing information, potentially causing confusion or requiring clarification from the agent.