33081 33081 Esther 2, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$555,000
33081 33081 Esther 2, Lake Elsinore, California 92530
0Bed
0Bath
2,008Sqft
6,970Lot
Year Built
1979
Close
-
List price
$555K
Original List price
$545K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25230510
Home ConditionPoor
Features
Good View:
View-
About this home
Fixer-Upper Duplex with Strong Rental Potential Just blocks from the lake, this duplex offers a rare opportunity for investors or owner-occupants. The front unit features 3 bedrooms, 2 bathrooms including a master suite, fireplace, private yard, laundry, central A/C, and an attached 2-car garage. The back unit offers 2 bedrooms, 1 bathroom, fireplace, private yard, laundry, and central A/C. Both units are single-story with separate gas/electric meters and independent A/C systems. Prime location near schools, shopping, and Highway 74 ensures strong rental demand. Perfect for 1031 exchange buyers seeking long-term growth.
Price History
Date
Event
Price
11/04/25
Price Change
$555,000+1.3%
10/24/25
Price Change
$548,000-1.3%
10/13/25
Price Change
$555,000+1.8%
10/06/25
Listing
$545,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,008 | 2,008 | 50% |
| Lot Size | 6,970 | 7,188 | 50% |
| Price | $555K | $539K | 50% |
| Price per square foot | $276 | $290.5 | 40% |
| Built year | 1979 | 9880989 | 90% |
| HOA | |||
| Days on market | 30 | 199 | 10% |
Condition Rating
Poor
Despite some visible updates in the kitchen (modern cabinets, quartz-like counters, new sink/faucet) and bathroom (updated vanity), the property is explicitly described as a 'Fixer-Upper.' Built in 1979, the property is over 40 years old, and the 'Fixer-Upper' designation strongly suggests it requires substantial repairs and rehabilitation beyond minor cosmetic updates. The older tile flooring throughout and popcorn ceilings also indicate that any renovations are not comprehensive, and major systems are likely outdated or nearing the end of their lifespan.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering two separate units (3 bed/2 bath and 2 bed/1 bath) ideal for rental income or owner-occupancy with rental offset, providing a strong investment opportunity.
Strong Rental Potential: Explicitly marketed for its 'strong rental potential' and suitability for investors, including 1031 exchange buyers, indicating high demand in the area.
Desirable Unit Amenities: Both units feature central A/C, private yards, laundry facilities, and fireplaces, enhancing tenant appeal and comfort. The front unit also includes a master suite and an attached 2-car garage.
Separate Utilities: Each unit has separate gas/electric meters and independent A/C systems, simplifying utility management and tenant responsibility for landlords.
Prime Location: Located just blocks from Lake Elsinore and near schools, shopping, and Highway 74, ensuring convenience and contributing to strong rental demand.
Cons
Fixer-Upper Condition: The property is explicitly described as a 'Fixer-Upper,' indicating it requires significant renovation, repairs, and updates, which will incur additional costs and effort for the buyer.
Age of Property: Built in 1979, the property is over 40 years old, suggesting that major systems (plumbing, electrical, roof) and finishes may be original or outdated, contributing to the 'fixer-upper' status and potential for deferred maintenance.
Uncertain Renovation Costs: As a 'fixer-upper,' the extent and cost of necessary renovations are not detailed, creating uncertainty for potential buyers regarding the total investment required beyond the purchase price.