$438,000
+$10,00033384 Adelfa Street, Lake Elsinore CA 92530
Multi-Family (Duplex)
Property type
135 days
On market
$380
Price per sqft
2 cars
Garage
1951
Year built
9,583 sqft
Lot size
Home highlights
Open Houses
Overview
Well maintained Lake Elsinore duplex offering strong income with upside, featuring two 1 bedroom, 1 bathroom units. The upper unit is tenant occupied and stabilized at $1,400 per month and enjoys lake views, while the lower unit is vacant, recently updated with fresh paint, newer appliances, and updated kitchen cabinetry, and can achieve an estimated rent of $1,500 per month....
Listing provided by: RUPI AZROT DRE #02050423, OFFERCITY HOMES
Listing updated: May 7, 2026 at 08:44pm.
Last checked: Jun 15, 2026 at 11:01pm
Source: CRMLS #IV26023151
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,500 | $1,500 | $1,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,400 | $1,400 | $1,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 0
Separate Gas Meters: 0
Separate Water Meters: 0
Disposal: 2
Ranges: 2
Rent Control: No
Units Leased: 1
Total Actual Rent: $1,400
Tenant Pays: None
Financial Snapshot
Gross Rent Multiplier
12.6x
List Price / Annual Gross Rent
Cap Rate
6.87%
NOI / List Price
Gross Scheduled Income: $34,800
Operating Expense: $4,716
Net Operating Income: $30,084
Annual Operating Expenses
Cable TV: $1,020
Electric: $1,332
Fuel: $0
Insurance: $0
Trash: $1,368
Water / Sewer: $996
Interior
Room Type: Kitchen, Laundry
Cooling: Electric, Heat Pump
Heating: Electric, Heat Pump
Appliances: Disposal, Gas Range, Water Heater
Fireplace: None
Laundry: Outside
Accessibility: Other
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One, Two
Roof: Shingle
Property Condition: Turnkey
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Back Yard
Pool: None
Water Source: Public
Sewer: Septic Type Unknown
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
View: Bluff, Lake, Mountains
Road Surface Type: Paved
Garage and Parking
Parking: Carport, Door Single, Driveway, Garage Faces Front, Garage
Garage Spaces: 2
Uncovered Spaces: 3
Carport Spaces: 1
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 383073014
Additional Parcels: No
Tax Lot: 45
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Hiking, Mountainous