33384 Adelfa St, Lake Elsinore, CA, 92530
About This Home
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. The lower unit also includes a rare 2 car detached garage, adding significant rental appeal. Ideal for investors or owner occupants seeking immediate cash flow in a convenient Lake Elsinore location near shopping, dining, and freeway access. Detached 2 car garage offers potential ADU conversion, buyer to verify zoning, permits, and feasibility with the City of Lake Elsinore. Property also includes a detached storage structure that is part of the property and provides additional usable space.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Turnkey
- Year built: 1951
Materials
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Appliances
- Appliances included: Disposal,Gas Range,Water Heater
- Laundry features: Outside
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Electric,Heat Pump
Interior Area
- Total structure area: 1,152
- Total interior livable area: 1,152 sqft
Property
Accessibility
- Accessibility features: Other
Details
- Parcel number: 383073014
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: One,Two
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Bluff,Lake,Mountain(s)
- Has water view: Yes
- Water view: Lake
Lot
- Lot size: 9,583 sqft
- Features: Back Yard
Parking
- Total spaces: 6
- Parking features: Carport,Door-Single,Driveway,Garage Faces Front,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 3
- Uncovered spaces: 3
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Wildfire
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,214 | $26,568 |
| Home Insurance * | $119 | $1,428 |
| Property Taxes | $386 | $4,632 |
| Electricity | $398 | $4,786 |
| Total | $3,117 | $37,404 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $438,000 |
| 2026-04-20 | Listing removed | $438,000 |
| 2026-03-28 | Price change | $438,000 |
| 2026-03-13 | Pending sale | $428,000 |
| 2026-03-10 | Listed for sale | $428,000 |
| 2026-02-07 | Pending sale | $428,000 |
| 2026-02-01 | Listed for sale | $428,000 |
| 2023-08-25 | Sold | $300,000 |
| 2019-05-29 | Listing removed | $1,250 |
| 2019-05-16 | Listed for rent | $1,250 |
| 2014-08-18 | Listing removed | $950 |
| 2014-07-24 | Listed for rent | $950 |
| 2014-06-14 | Listing removed | $950 |
| 2014-06-04 | Price change | $950 |
| 2014-05-22 | Price change | $995 |
| 2013-11-15 | Listed for rent | $950 |
| 2012-03-01 | Listing removed | $700 |
| 2012-01-31 | Price change | $700 |
| 2011-12-12 | Sold | $25,454 |
| 2011-10-22 | Listed for rent | $800 |
| 2000-08-21 | Sold | $65,000 |
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