33081 33081 Esther 2, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
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Lake Elsinore, California 92530
This Dual-Unit Residential Income Property is a Strong Value Opportunity listed at $625,000, offering a stable acquisition at its $625,000 Fair Market Value. The duplex comprises a 3-bedroom front unit and a 2-bedroom rear unit, currently holding a Functional Condition Rating with significant potential for forced appreciation through cosmetic updates. With Separate Utility Meters, independent A/C systems, and Private Yards, the property is optimized for low-vacancy rental income near the lake. It is an ideal match for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33081 33081 Esther 2 Subject | $645,000* List Price | 0 | 0 | 2,008 | $321 | - |
A 33053 Blackwell Active | $599,000 List Price | 3 | 2 | 1,706 | $351 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this duplex is in functional condition but shows significant cosmetic dating. The kitchens feature older oak-style cabinetry and white appliances, while the bathrooms and living areas retain dated fixtures and finishes. Although major systems like central A/C are present and the property appears maintained, the 'as-is' sale status and lack of recent comprehensive renovations place it in the fair category, requiring minor updates to meet modern standards.
This single-story duplex features separate gas/electric meters and independent A/C systems, making it an ideal turnkey investment for rental income or a perfect setup for multigenerational living.
Both units are well-equipped with central A/C, fireplaces, in-unit laundry, and private yards, providing a high level of comfort and privacy that attracts quality long-term tenants.
Situated just blocks from the lake, the property benefits from a desirable location that enhances lifestyle appeal and supports strong rental demand in the Lake Elsinore market.
The property is being sold in its current as-is condition, which may necessitate immediate capital expenditures for repairs or modernization to reach its full market potential.
The property has returned to the market after a failed escrow and has seen significant price fluctuations, which may lead to increased scrutiny regarding its valuation during the appraisal process.
Back on the Market — Buyer Could Not Perform. Single-story duplex just blocks from the lake. Front unit offers 3 beds, 2 baths, fireplace, private yard, in-unit laundry, central A/C, and attached 2-car garage. Back unit features 2 beds, 1 bath, fireplace, private yard, laundry, and central A/C. Separate gas/electric meters and independent A/C systems. Strong rental potential or ideal for multigenerational living. Property sold AS-IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,008 | 2,008 | 50% |
| Lot Size | 6,970 | 39,204 | 33% |
| Price | $645.0K | $675.0K | 33% |
| Price per sq ft | $321 | $321 | 50% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 198 | 67% |
Apr 5, 2026
$645,000
$625,000
+3% Price Increase
Initial Listing
Mar 12, 2026
$625,000
$635,000
-2% Price Drop
Initial Listing
Dec 5, 2025
$635,000
$605,000
+5% Price Increase
Initial Listing
Nov 9, 2025
$605,000
$555,000
+9% Price Increase
Initial Listing
Nov 4, 2025
$555,000
$548,000
+1% Price Increase
Initial Listing
Oct 24, 2025
$548,000
$555,000
-1% Price Drop
Initial Listing
Oct 13, 2025
$555,000
$545,000
+2% Price Increase
Initial Listing
Oct 6, 2025
$545,000
Initial Listing