138 E Peck Lake Elsinore, CA $ 750,000
138 E Peck
$ 750,000
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138 E Peck

Lake Elsinore, CA, 92530
$ 750,000
Baths2.0 Sq 2,742

Monthly Estimate*

$ 4,618

Listed by RE/MAX CHAMPIONS
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Studio

Multi-Family Home for sale in Lake Elsinore, CA

for $750,000 with 2 full baths. This 2,742 square foot home was built in 1936 on a lot size of 0.17.

Come enjoy an incredible opportunity to own a beautifully upgraded income-producing duplex in the heart of Lake Elsinore. This exceptional property offers flexibility, strong rental potential, and modern living—all within walking distance to downtown dining, shopping, and just moments from the lake. The front unit has been completely remodeled and features 3 bedrooms, 2.5 bathrooms, and approximately 1,500 square feet of thoughtfully updated living space. With its modern finishes and inviting layout. This unit currently rents the shed in back for additional income. The rear unit, built in 2023, offers 3 bedrooms and 2 bathrooms with approximately 1,300 square feet of contemporary living. Both units are in excellent condition and each includes its own private laundry room, separate gas and electric meters, and a sub-metered water meter, making this an ideal setup for owner-occupants or investors alike. Both units are currently rented, with the option for tenant-occupied or vacant delivery at close of escrow, offering flexibility to live in one and rent the other—or rent both and enjoy immediate income. Additional highlights include a shared driveway, well-maintained exteriors, and a prime downtown Lake Elsinore location that enhances long-term rental demand. Some reasons this is a great buy: Amazing rental opportunity, Live in one, rent the other—or rent both, Close to the lake and walkable to everything, Strong income potential in a growing area Please note: Photos have been digitally enhanced to remove tenants’ personal belongings for privacy and security. Don’t miss this rare opportunity to own a beautifully renovated, newer-construction duplex in one of Lake Elsinore’s most desirable locations. Schedule your private showing today and explore the income and lifestyle potential this exceptional property has to offer.

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Multi-Family Active

Price

$ 750,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

1936

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

IV26011016

Days on Market

2

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Gas Water Heater
HOA Fee 0
Garage Spaces 0
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Drywall Stucco
Year Built 1936
Electric Electricity - On Property
Tenant Pays Cable TV Electricity Gas Insurance Trash Collection Telephone
View None
Stories Count 1
Levels One
Property Subtype Duplex
Gross Income 1800
Community Features Biking Curbs Dog Park Fishing Gutter(s) Hiking Horse Trails Lake Storm Drain(s) Street Lights Sidewalks Water Sports
County Riverside
Net Operating Income 55000
Operating Expense 5000
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Other Structures Shed(s)
Special Listing Conditions Standard
Status Active
Directions Main St & Graham St
City Lake Elsinore
Disclosures Home Warranty
Entry Location 1
Senior Community Y/N false
Number Of Units Total 2
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 7405
Carport Spaces 0
Number of Units Leased 2
Listing Terms Cash Conventional FHA Submit VA Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled Turnkey
Trash Expense 0
Water Sewer Expense 2100
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 25
Total Actual Rent 5150
Property Sub Type Additional Duplex
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Interior
Interior Amenities Ceiling Fan(s) Quartz Counters Bedroom on Main Level Main Level Primary Walk-In Closet(s)
Flooring Tile Vinyl
Fireplace Features Living Room Masonry Wood Burning
Total Stories 1
Common Walls No Common Walls
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows ENERGY STAR Qualified Windows
Fireplace Y/N true
Laundry Features Inside Laundry Room
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Block Brick Chain Link Vinyl Wood
Parking Features Concrete Driveway Shared Driveway On Street Unassigned Uncovered
Lot Features 2-5 Units/Acre Garden Sprinklers In Front Paved
Water Source Public
Total Parking 0
Lot Size Area 7405
Foundation Details Brick/Mortar Raised Slab
Number of Buildings 2
Spa false
Building Area Total 2742
Lot Size Acres 0.17
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type City Street
Horse Amenities Riding Trail
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* Excluded Features
List By
Re/Max Champions

Broker

soniarealestatebroker@gmail.com

Email

Affordability Calculator

$4,618
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Monthly Principal & Interest
$4,618
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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
1/16/2026$750,000 Listed Price

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138 E Peck, Lake Elsinore, CA, 92530 is a Multi-Family Home for sale at $750,000 with 2,742 sqft and a lot size of 0.17. 138 E Peck is a studio with 2.0 baths and was built in 1936. The property's zip code is 92530 which is in Lake Elsinore, CA