33115 Evergreen Sreet, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 3 bath
33115 Evergreen Sreet
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 33115 Evergreen Sreet, Lake Elsinore, California 92530 is currently available with a list price of $979,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
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.
- Tenant-Centric Amenities
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.
- Prime Location and Views
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.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
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.
- Pricing Volatility
The recent history of price fluctuations suggests a potential misalignment between the asking price and current market valuation, which may affect appraisal or financing.
About 33115 Evergreen Sreet
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!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1980
- Lot Size
- 14,810 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | - | 67% |
| Baths | 3.0 | - | 67% |
| Square foot | 2,180 | 2,180 | 50% |
| Lot Size | 14,810 | 14,810 | 50% |
| Price | $979.0K | $725.0K | 67% |
| Price per sq ft | $449 | $314 | 67% |
| Built year | 1980 | 1976 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 150 | 33% |
Pricing History
Listed for Sale
Jan 28, 2026
$979,000
$969,000
+1% Price Increase
Initial Listing
Price Change
Jan 6, 2026
$969,000
$985,000
-2% Price Drop
Initial Listing
Price Change
Dec 16, 2025
$985,000
Initial Listing
Sold
Jun 29, 2023
$899,000
Public Record
Sold
Oct 15, 2018
$525,000
Public Record