237 E Prospect Street Lake Elsinore, CA $ 875,000
237 E Prospect Street
$ 875,000
New Construction
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237 E Prospect Street

Lake Elsinore, CA, 92530
$ 875,000
Bedrooms6 Baths3.0 Sq 2,369

Monthly Estimate*

$ 5,388

Listed by Coldwell Banker Envision
237 E Prospect Street, Lake Elsinore, CA 92530 - Image 1
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237 E Prospect Street, Lake Elsinore, CA 92530 - Image 8
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Multi-Family Home for sale in Lake Elsinore, CA

for $875,000 with 6 bedrooms and 3 full baths. This 2,369 square foot home was built in 2026 on a lot size of 0.17.

Maximize your portfolio with this rare, turnkey duplex opportunity! Perfectly designed for high-yield rental income or sophisticated multi-generational living, this brand-new build offers a total of 2,369 sq. ft. of modern luxury. Primary Residence: Spacious 4-Bed, 2-Bath floor plan (1,519 sq. ft.) featuring an airy, open-concept layout and designer finishes. Private ADU/Unit: Fully independent 2-Bed, 1-Bath (850 sq. ft.)—ideal for short-term rentals or steady long-term tenants. Bonus Value: The oversized 2-car garage is extra-wide and prepped for potential conversion into a Junior ADU (buyer to verify with City), offering a third potential income stream! Key Features: Connected to sewer (no septic worries!), ample off-street parking, and lightning-fast access to the 15 Freeway. Just minutes from the lake for premier fishing and recreation. Note: High days on market is due to early promotion during the construction phase. The home is now complete and move-in ready! Seller is motivated—bring your offers!

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Multi-Family Active

Price

$ 875,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

2026

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

TR25254372

Days on Market

90

Features
General
Living Area 2369
Sewer Public Sewer
Heating Electric ENERGY STAR Qualified Equipment Forced Air High Efficiency
Cooling Central Air Attic Fan
Utilities Cable Available Electricity Available Sewer Connected Underground Utilities Water Available Water Connected
Roof Shingle
Appliances ENERGY STAR Qualified Water Heater Electric Oven Electric Range Water To Refrigerator Water Heater
Zoning R3
HOA Fee 0
Garage Spaces 2
Pool Features None
Security Features Carbon Monoxide Detector(s) Fire Sprinkler System Security Gate Smoke Detector(s)
Construction Materials Drywall
Year Built 2026
Electric 220 Volts in Garage 220 Volts in Laundry
View Neighborhood
Stories Count 1
Levels One
Property Subtype Duplex
Community Features Lake Street Lights Sidewalks
Accessibility See Remarks
County Riverside
New Construction true
Property Type Residential
HOA false
Attached Garage true
Contingency The owner will provide the occupancy report from City of Lake Elsinore.
Energy Efficient Water Heater
Garage Y/N true
Full Baths 3
Special Listing Conditions Standard
Status Active
Directions From Main St go South on Prospect St
City Lake Elsinore
Disclosures Home Warranty
Entry Location 1
Senior Community Y/N false
High School District Lake Elsinore Unified
Number Of Units Total 2
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 7405
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional Contract FHA Fannie Mae
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Turnkey
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://youtu.be/AaZIl3hEtL8 https://youtu.be/AaZIl3hEtL8
Structure Type Duplex
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Year Built Source Builder
Tax Lot 18
Property Sub Type Additional Duplex
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Interior
Interior Amenities Cathedral Ceiling(s) Separate/Formal Dining Room Eat-in Kitchen Quartz Counters Recessed Lighting All Bedrooms Down Bedroom on Main Level Main Level Primary Walk-In Closet(s)
Flooring Laminate Vinyl
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup Laundry Closet Laundry Room
Total Bedrooms 6
Entry Level 1
Main Level Bedrooms 6
Main Level Bathrooms 3
Total Baths 3
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Exterior
Fencing Excellent Condition
Parking Features Concrete Direct Access Driveway Electric Gate Garage Gated RV Garage
Lot Features Corner Lot
Water Source Public
Total Parking 2
Lot Size Area 7405
Foundation Details Slab
Spa false
Lot Size Acres 0.17
Private Pool false
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Envision

Broker

Raul4Homes@gmail.com

Email

Affordability Calculator

$5,388
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Monthly Principal & Interest
$5,388
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2026$875,000 -2.78% Price Down
1/5/2026$900,000 Listed Price

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237 E Prospect Street, Lake Elsinore, CA, 92530 is a Multi-Family Home for sale at $875,000 with 2,369 sqft and a lot size of 0.17. 237 E Prospect Street has 6 bedrooms, 3.0 baths, and was built in 2026. The property's zip code is 92530 which is in Lake Elsinore, CA