905 W Sumner, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
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Lake Elsinore, California 92530
Analysis of 905 W Sumner, Lake Elsinore, California 92530 is currently available with a list price of $1,075,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
Although built in 2010, the property has undergone a recent comprehensive refresh including new paint, updated flooring, and modern fixtures. The kitchen and bathrooms feature contemporary finishes and stainless steel appliances, qualifying it as a <5-year renovation in mint, move-in ready condition.
This duplex offers a unique opportunity for house-hacking or a high-yield rental portfolio, featuring two nearly identical townhome-style units that maximize rental income potential.
Recently refreshed with new paint, updated flooring, and modern fixtures, the property is move-in ready, minimizing immediate capital expenditure for new owners.
Each unit features a primary suite with a private balcony overlooking Lake Elsinore, providing a premium aesthetic appeal that can command higher rental rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5890, other record living area = 1509.
With a list price significantly higher than its 2022 sale price of $675,000, investors may find the current cap rate less aggressive compared to historical performance.
The 7,841 sqft lot is relatively small for a structure of nearly 6,000 sqft, resulting in minimal private outdoor space or yard area for the residents.
A unique opportunity to own two beautifully updated, nearly identical townhome-style units on one property. Ideal for expanding a rental portfolio or creating an owner-occupied setup with rental income from the second unit, this versatile property offers multiple possibilities. Each unit has been refreshed inside and out with new paint, updated flooring, and modern fixtures throughout. The entry opens to a spacious front room that flows into a bright and inviting great room, complete with a comfortable living area, eat-in dining space, and a generously sized kitchen featuring ample cabinetry and storage. A conveniently located laundry area for each independent unit. Upstairs, each unit offers three well-appointed bedrooms, including two with walk-in closets. The primary suite features a private balcony with views of Lake Elsinore, creating a relaxing space to enjoy the surrounding scenery. Each unit also includes two covered parking spaces. With updated interiors, functional layouts, lake views, and two separate residences, this property presents an excellent opportunity for investors, multi-generational living, or buyers looking to offset their mortgage with rental income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,890 | - |
| Lot Size | 7,841 | - |
| Price | $1.07M | $553.1K |
| Price per sq ft | $183 | $400 |
| Built year | 2010 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 145 |
Jul 9, 2026
$1,075,000
Initial Listing
Aug 2, 2022
$675,000
Public Record
May 1, 2006
$165,000
Public Record
Apr 7, 2005
$120,000
Public Record