108 S Lindsay Street, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$870,000
108 S Lindsay Street, Lake Elsinore, California 92530
0Bed
0Bath
1,914Sqft
8,276Lot
Year Built
2023
Close
-
List price
$870K
Original List price
$899K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
WS25075015
Home ConditionExcellent
Features
View-
About this home
Brand new built 2 unit duplex located in downtown Lake Elsinore. The front unit has 3 bed 3.5 bath while the back unit has 2 bed 2 bath. Each unit has its own 1 car garage, which are located between the two units, creating more space and privacy between them. There is also plenty of parking space at the back of the property. There are solar panels installed, creating an energy efficient building. Located minutes from the historical downtown Lake Elsinore, this property is perfect for owner occupied, rental income, or both.
Price History
Date
Event
Price
08/08/25
Price Change
$870,000
04/16/25
Listing
$899,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,914 | 1,961 | 50% |
| Lot Size | 8,276 | 7,405 | 80% |
| Price | $870K | $561K | 80% |
| Price per square foot | $455 | $301 | 70% |
| Built year | 2023 | 9880989 | 100% |
| HOA | |||
| Days on market | 203 | 210 | 50% |
Condition Rating
Excellent
This property was built in 2023, making it brand new construction. The images confirm modern finishes throughout, including grey shaker cabinets, white quartz-look countertops, new stainless steel appliances (implied by new construction), and wood-look LVP flooring. Bathrooms feature new vanities, fixtures, and tub/shower inserts. The property also includes solar panels, indicating energy efficiency. All components are new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons
Pros
Brand New Construction: Built in 2023, this property offers modern amenities, current building codes, and minimal immediate maintenance or renovation needs.
Income-Generating Duplex: Features two distinct units (3 bed/3.5 bath and 2 bed/2 bath), providing excellent potential for rental income or owner-occupancy with supplemental income.
Energy Efficiency: Equipped with solar panels, significantly reducing utility costs for residents and enhancing the property's long-term value and appeal.
Enhanced Privacy & Parking: Individual 1-car garages strategically placed between units ensure privacy, complemented by ample additional parking space at the rear of the property.
Versatile Investment Opportunity: The property's configuration is ideal for various buyer profiles, including owner-occupants seeking rental income, or investors looking for a pure income-producing asset.
Cons
Recent Price Reduction: The property has undergone a recent price reduction from its original list price, which may indicate initial overpricing or a slower market response.
Location Market Dynamics: While near downtown, Lake Elsinore's real estate market may not offer the same rapid appreciation or broad tenant pool diversity as more established Southern California communities.
Compact Unit Sizes: With 1914 total square feet divided between two units, the individual unit sizes may be perceived as relatively compact for their bedroom counts, potentially limiting appeal for those seeking more spacious living.