33067 Blackwell, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
33067 Blackwell
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 33067 Blackwell, Lake Elsinore, California 92530 reveals a property with a current list price of $599,000, which is 16% above the estimated $512,518 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33067 Blackwell Subject | $599,000* List Price | 3 | 2 | 1,706 | $300 | - |
A 18225 Brightman Avenue Sold | $510,000 | 3 | 3 | 2,000 | $255 | 0.8 mi |
B 33447 Landerville Boulevard Sold | $590,000 | 3 | 3 | 2,304 | $256 | 0.4 mi |
C 33100 Turner Street Active | $520,000 List Price | 3 | 2 | 1,285 | $405 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1947, this multi-unit property is functional and currently occupied by tenants, indicating it is habitable and maintained. However, the age of the structures and the lack of mention regarding recent major renovations suggest that the kitchens, bathrooms, and major systems are likely dated and show signs of wear consistent with a 70-year-old rental property. It meets the 'fair' criteria as an aged property maintained through regular upkeep but requiring minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1706.
- Multiple Income Streams
The property offers three distinct rental opportunities, including two separate homes and a detached garage, providing immediate cash flow and high investment versatility.
- Development Potential
Comprising three separate lots, this offering provides significant future value through potential development or the flexibility to sell off individual parcels.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11326, other record lot size in square feet = 4356.
- Property Age and Maintenance
Built in 1947, the structures may require more frequent maintenance or capital improvements compared to newer builds to remain competitive in the rental market.
- School District Ratings
The local school ratings are relatively low, particularly the middle school at a 3/10, which may limit the appeal for long-term family tenants or owner-occupants.
About 33067 Blackwell
Great Investment Opportunity with Three Income Streams!Don’t miss this versatile property offering three separate rental income streams. The main residence features 2 bedrooms and 1 bathrooms, along with an additional 1 bedroom, 1 bathroom unit — both currently rented. A detached 2-car garage is also rented separately for storage, maximizing cash flow potential.Perfect for investors looking to keep all units rented, or owner-occupants who want to live in one home while generating income from the other. The property includes a fenced backyard ideal for family BBQs and outdoor entertaining.Enjoy low property taxes and no HOA, keeping expenses minimal and returns strong. A rare opportunity with built-in income!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Lakeland Village School
Grades K-8 • 1.5 mi
Canyon Lake Middle School
Grades 6-8 • 5.5 mi
Lakeside High School
Grades 9-12 • 2.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,706 | 1,857 | 40% |
| Lot Size | 11,326 | 7,841 | 84% |
| Price | $599.0K | $595.0K | 53% |
| Price per sq ft | $351 | $319 | 67% |
| Built year | 1947 | 2004 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 193 | 2% |
Pricing History
Listed for Sale
Feb 22, 2026
$599,000
Initial Listing