17797 Grand Ave Lake Elsinore, CA 92530
Estimated payment $2,469/month
Highlights
- Access To Lake
- Community Lake
- No HOA
- Lake View
- Private Yard
- Galley Kitchen
About This Home
Good investment opportunity in Lake Elsinore! Great for the investor or entrepreneur that's looking for the right price and conditions on an income producing property. Commercially Zoned, this duplex is a diamond that is fully occupied with tenants and has even more of an upside potential with future rents and potential Commercial Use. Each unit consist of 1 bedroom & 3/4 bathroom with each unit having it's own electrical meters with one gas and water meter for both units. This is the one if you are looking for long term investment cash flow income. Please do not disturb the tenants. Contact listing agent for more information.
Listing Agent
Integrity Place Realty Brokerage Phone: 714-884-5568 License #01799825 Listed on: 07/24/2025
Co-Listing Agent
Integrity Place Realty Brokerage Phone: 714-884-5568 License #01082105
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,081
Year Built
- Built in 1947
Lot Details
- 3,920 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Redwood Fence
- Private Yard
- Front Yard
- Density is up to 1 Unit/Acre
Property Views
- Lake
- Peek-A-Boo
Home Design
- Duplex
- Bungalow
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 840 Sq Ft Home
- 1-Story Property
- Awning
- Blinds
- Window Screens
- Panel Doors
- Living Room
- Laundry Room
Kitchen
- Galley Kitchen
- Gas Oven
- Gas Range
- Recirculated Exhaust Fan
- Formica Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Private Parking
- Gravel Driveway
Outdoor Features
- Access To Lake
- Outbuilding
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Sewer Paid
- Cable TV Available
Additional Features
- Accessible Parking
- Suburban Location
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 464
- Assessor Parcel Number 381231004
- $32 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
- Community Lake
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $600
- Insurance Expense $696
- Professional Management Expense $3,120
- Trash Expense $960
- Water Sewer Expense $1,200
- Operating Expense $6,576
- Gross Income $31,721
- Net Operating Income $27,905
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,081 | $210,315 | $60,089 | $150,226 |
| 2023 | $2,081 | $202,150 | $57,756 | $144,394 |
| 2022 | $2,012 | $198,187 | $56,624 | $141,563 |
| 2021 | $1,972 | $194,302 | $55,514 | $138,788 |
| 2020 | $1,951 | $192,310 | $54,945 | $137,365 |
| 2019 | $1,912 | $188,540 | $53,868 | $134,672 |
| 2018 | $1,874 | $184,844 | $52,812 | $132,032 |
| 2017 | $1,836 | $181,221 | $51,777 | $129,444 |
| 2016 | $1,767 | $177,668 | $50,762 | $126,906 |
| 2015 | $1,124 | $107,100 | $25,500 | $81,600 |
| 2014 | -- | $73,000 | $20,000 | $53,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $424,650 | -7.5% | $506 / Sq Ft |
| 08/03/2025 08/03/25 | Price Changed | $458,999 | -0.9% | $546 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $463,296 | +164.7% | $552 / Sq Ft |
| 06/23/2015 06/23/15 | Sold | $175,000 | +3.6% | $219 / Sq Ft |
| 05/08/2015 05/08/15 | Pending | -- | -- | -- |
| 03/26/2015 03/26/15 | For Sale | $169,000 | +69.0% | $211 / Sq Ft |
| 03/02/2015 03/02/15 | Sold | $100,000 | -16.3% | $125 / Sq Ft |
| 01/09/2015 01/09/15 | Pending | -- | -- | -- |
| 10/27/2014 10/27/14 | For Sale | $119,500 | -- | $149 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Wfg National Title Co Of Ca | |
| Grant Deed | $175,000 | Linear Title Of California | |
| Grant Deed | $100,000 | None Available | |
| Trustee Deed | $104,900 | First American Title Company | |
| Interfamily Deed Transfer | -- | Ticor Title San Bernardino | |
| Interfamily Deed Transfer | -- | Ticor Title San Bernardino | |
| Grant Deed | $139,500 | Ticor Title San Bernardino | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $52,500 | First American Title Co | |
| Grant Deed | -- | First American Title Ins Co | |
| Trustee Deed | $53,359 | United Title Company | |
| Interfamily Deed Transfer | -- | Continental Lawyers Title Co | |
| Grant Deed | $30,000 | Continental Lawyers Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $82,409 | Credit Line Revolving | |
| Open | $217,000 | New Conventional | |
| Closed | $186,000 | New Conventional | |
| Closed | $177,800 | New Conventional | |
| Previous Owner | $166,250 | New Conventional | |
| Previous Owner | $111,350 | Purchase Money Mortgage | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $50,150 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25164223
APN: 381-231-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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