33220 Baldwin Blvd, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $574,900—positioned well below the $486,526 Fair Market Value by -18%. While the property requires significant rehabilitation due to its Condition Rating of 5 and aging 1949 infrastructure, the versatile layout—featuring a 3-bedroom main house and a 2-bedroom non-permitted unit—offers substantial rental income potential. The 7,840 sqft lot provides excellent utility for future enhancements. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project near Lake Elsinore.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33220 Baldwin Blvd Subject | $559,000* List Price | 4 | 3 | 1,872 | $283 | - |
A 33111 Baldwin Boulevard Sold | $450,000 | 5 | 1 | 1,400 | $321 | 0.1 mi |
B 17247 Encina Drive Active | $525,000 List Price | 5 | 3 | 2,040 | $257 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 with no evidence of major system renovations; the presence of window AC units indicates a lack of modern central HVAC. The property includes a non-permitted living unit which suggests potential safety and code violations, and the interior finishes in the baths and bedrooms are significantly dated, requiring a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1872.
The property features a versatile layout with a 3-bedroom main house and an additional 2-bedroom unit, making it ideal for large families or potential rental income.
Situated just minutes from Lake Elsinore, the home offers excellent access to water sports and outdoor activities, significantly boosting its lifestyle appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7840, other record lot size in square feet = 6969. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The additional 2-bedroom unit is non-permitted, which presents potential challenges regarding financing, insurance, and future building code compliance.
Originally built in 1949, the property may require significant updates to its core systems and structural elements to meet modern standards and efficiency.
Whether you’re an investor, first-time homebuyer, or seeking multi-generational living, this opportunity is not to be missed! Welcome to 33220 Baldwin Blvd, a versatile single-family residence in Lake Elsinore. The main home offers 2 bedrooms and 2 baths, while an additional non-permitted unit provides 2 bedrooms, 1 bath, and private entrances for both. With spacious front and back yards and just minutes from the lake, this property is full of potential! Tax records reflect 4 bedrooms and 1.75 baths. Property currently configured as a 2-bedroom, 2-bath main residence plus additional non-permitted living area with 2 bedrooms and 1 bath. Buyer and buyer's agent to verify all permits, square footage, room counts, and intended use. Whether you’re an investor, first-time homebuyer, or seeking multi-generational living, this opportunity is not to be missed! Welcome to 33220 Baldwin Blvd, a versatile single-family residence in Lake Elsinore. The main home offers 2 bedrooms and 2 baths, while an additional non-permitted unit provides 2 bedrooms, 1 bath, and private entrances for both. With spacious front and back yards and just minutes from the lake, this property is full of potential!
No exterior & parking available.
Grades K-8 • 1.3 mi
Grades 6-8 • 5.5 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,872 | 1,973 |
| Lot Size | 7,840 | 6,970 |
| Price | $559.0K | $601.5K |
| Price per sq ft | $299 | $293 |
| Built year | 1949 | 2004 |
| HOA | $0 | $146 |
| Days on market | 41 | 64 |
Jun 25, 2026
$559,000
$574,900
-3% Price Drop
Initial Listing
Jun 11, 2026
$574,900
Initial Listing
Jan 19, 2021
$400,000
Public Record
May 8, 2020
$225,000
Public Record
Mar 13, 2020
$113,000
Public Record
Dec 15, 2008
$122,000
Public Record
Dec 23, 2004
$299,000
Public Record
Nov 2, 1998
$65,500
Public Record