33081 33081 Esther 2, Lake Elsinore, California 92530, Lake Elsinore, 92530 - bed, bath
ACTIVE UNDER CONTRACT$635,000
33081 33081 Esther 2, Lake Elsinore, California 92530
0Bed
0Bath
2,008Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This duplex offers excellent income generation opportunities for investors or owner-occupants, with two distinct units, separate utilities, and individual amenities.
Top Cons:
Age of Property: Built in 1979, the property is 45 years old, which may imply potential for older systems (plumbing, electrical, roof) or cosmetic finishes that could require future updates or maintenance.
Compared to the nearby listings
Price:$635.0K vs avg $600.0K (+$35,000)67%
Size:2,008 sqft vs avg 2,069 sqft50%
Price/sqft:$316 vs avg $29067%
More Insights
Built in 1979 (46 years old).
Condition: Built in 1979, this property is 45 years old. While the kitchen and bathroom vanities, countertops, and fixtures show signs of recent updates (modern gray cabinets, white quartz-like counters, contemporary faucets), these appear to be partial renovations. The flooring throughout, including in the kitchen, bathroom, and bedroom, is an older style tile. The bedroom also features a very specific, bold wall color. The property is functional with central A/C, but the overall aesthetic is dated in many areas, requiring minor cosmetic updates to meet current standards. It is aged but maintained, with major components functional but showing signs of being outdated, aligning with a 'Fair' condition.
Year Built
1979
Close
-
List price
$635K
Original List price
$545K
Price/Sqft
$316
HOA
-
Days on market
-
Sold On
-
MLS number
OC25230510
Home ConditionFair
Features
Good View:
View-
About this home
Strong rental potential just blocks from the lake! This single-story duplex offers a rare opportunity for investors or owner-occupants. The front unit features 3 bedrooms, 2 bathrooms (including a master suite), fireplace, private yard, in-unit laundry, central A/C, and an attached 2-car garage. The back unit includes 2 bedrooms, 1 bathroom, fireplace, private yard, laundry, and central A/C. Both units have separate gas/electric meters and independent A/C systems. Excellent layout for income generation or multigenerational living.
Condition Rating
Fair
Built in 1979, this property is 45 years old. While the kitchen and bathroom vanities, countertops, and fixtures show signs of recent updates (modern gray cabinets, white quartz-like counters, contemporary faucets), these appear to be partial renovations. The flooring throughout, including in the kitchen, bathroom, and bedroom, is an older style tile. The bedroom also features a very specific, bold wall color. The property is functional with central A/C, but the overall aesthetic is dated in many areas, requiring minor cosmetic updates to meet current standards. It is aged but maintained, with major components functional but showing signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons
Pros
Strong Income Potential: This duplex offers excellent income generation opportunities for investors or owner-occupants, with two distinct units, separate utilities, and individual amenities.
Versatile Living Arrangements: The property is ideal for both rental income and multigenerational living, providing flexibility for various buyer needs.
Desirable Unit Amenities: Both units feature attractive amenities such as private yards, fireplaces, in-unit laundry, and central A/C, enhancing tenant appeal and comfort. The front unit also includes a master suite and an attached 2-car garage.
Independent Utilities: Separate gas/electric meters and independent A/C systems for each unit simplify tenant billing and management, reducing landlord overhead.
Proximity to Lake Elsinore: Located just blocks from the lake, the property benefits from a desirable recreational location, potentially attracting a strong tenant pool or owner-occupants seeking a lifestyle near the water.
Cons
Age of Property: Built in 1979, the property is 45 years old, which may imply potential for older systems (plumbing, electrical, roof) or cosmetic finishes that could require future updates or maintenance.
Price Appreciation History: The listing price has seen significant increases from the original $545,000 to $635,000, which could indicate an aggressive pricing strategy or a rapidly appreciating market, potentially impacting appraisal or buyer perception of value.
Active Under Contract Status: Currently 'Active Under Contract,' the property is not immediately available for new offers, limiting its marketability to other interested buyers unless the current deal falls through.