33115 Evergreen Sreet, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 3 bath
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Lake Elsinore, California 92530
This Income-Generating Triplex is listed at $999,999, currently positioned above the $900,956 Fair Market Value. The property maintains a strong Condition Rating of 3, featuring significant interior updates including modern laminate flooring, updated kitchen countertops, and stainless steel appliances. Each unit offers a residential feel with private garages, laundry connections, and expansive private yards. Located near the lake with scenic bluff and hill views in the Lake Elsinore Unified district, it generates immediate revenue with two units already leased. This is a turnkey asset ideal for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
The property is well-maintained and move-in ready. Although built in 1980, the interior images show significant updates including modern laminate flooring, updated kitchen countertops, and stainless steel appliances. The bathrooms feature updated vanities and clean tiling. The overall condition reflects consistent upkeep and recent cosmetic renovations that meet modern standards for rental or owner-occupancy.
With two units already leased and one vacant for immediate occupancy, this triplex offers a turnkey opportunity for investors to generate revenue from day one.
Each unit is designed with a single-family home feel, featuring private garages, individual laundry connections, and expansive private yards, which significantly enhances tenant retention.
The property's proximity to the lake and park, combined with scenic views of the bluffs and hills, provides a high-demand setting for renters seeking nature and tranquility.
Built in 1980, the property may soon require capital expenditures for long-term maintenance or upgrades to major systems as they approach the end of their functional lifespan.
The recent history of price fluctuations suggests a potential misalignment between the asking price and current market valuation, which may affect appraisal or financing.
Exceptional Triplex Investment Opportunity Looking for a Smart Investment! This well-kept triplex is an ideal choice for prospective owners eager to generate rental income! Each unit offers: Two generous bedrooms, 1 bathroom. Separate single-car garage with laundry connections. Expansive private yards for relaxation and recreation. Central heating and air conditioning. Built to resemble single-family homes for a more homely atmosphere. Situated near the lake and Park, this property attracts tenants seeking tranquility with easy access to nature. Two units are currently leased, with one available for viewing Ready to be leased for instant revenue!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 2,180 | 2,180 | 50% |
| Lot Size | 14,810 | 39,204 | 33% |
| Price | $1.03M | $725.0K | 67% |
| Price per sq ft | $471 | $471 | 50% |
| Built year | 1980 | 1980 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 196 | 33% |
Apr 15, 2026
$1,025,999
$999,999
+3% Price Increase
Initial Listing
Mar 10, 2026
$999,999
$979,000
+2% Price Increase
Initial Listing
Jan 28, 2026
$979,000
$969,000
+1% Price Increase
Initial Listing
Jan 6, 2026
$969,000
$985,000
-2% Price Drop
Initial Listing
Dec 16, 2025
$985,000
Initial Listing
Jun 29, 2023
$899,000
Public Record
Oct 15, 2018
$525,000
Public Record