401 W Graham Ave Lake Elsinore, CA 92530
Lake Elsinore Historic District NeighborhoodEstimated payment $3,167/month
Highlights
- Popular Property
- Community Lake
- Hiking Trails
- Lake View
- No HOA
- 2-minute walk to Swick and Matich Park
About This Home
Discover the potential of this well-located duplex in the heart of Lake Elsinore, just minutes from historic downtown and the lake. Ideal for investors or owner-occupants, this income-generating property offers a total of 3 bedrooms and 2 bathrooms across two separate units, all situated on a generous 8,276 square foot lot with a large backyard and patio space. A detached three-car garage provides ample parking, storage, or future flexibility.
Unit A features a functional layout with two bedrooms and one bathroom, opening into a comfortable living area, while Unit B offers its own private entrance with one bedroom, one bathroom, and a cozy living space—perfect for rental income or extended family living. The expansive lot creates exciting possibilities for outdoor enjoyment, storage for recreational toys, or potential expansion, including ADU opportunities (buyer to verify with the city).
Located just a few blocks from Main Street and Lake Elsinore, residents enjoy convenient access to shopping, schools, dining, and a wide range of recreational activities such as boating, fishing, swimming, and extreme sports. This property is a rare chance to own a versatile duplex in a vibrant, growing community—full of opportunity and upside for the right buyer.
Listing Agent
Brent Westra Brokerage Phone: 909-519-1328 License #01357081 Listed on: 12/12/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 8,276 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,268 Sq Ft Home
- 1-Story Property
- Lake Views
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Listing and Financial Details
- Legal Lot and Block 1 / 24
- Tax Tract Number 5017
- Assessor Parcel Number 374154022
- $158 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Community Lake
Amenities
- Laundry Facilities
Recreation
- Hiking Trails
- Bike Trail
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 | $4,617 | $442,170 | $104,040 | $338,130 |
| 2023 | $4,617 | $425,000 | $100,000 | $325,000 |
| 2022 | $461 | $29,324 | $5,374 | $23,950 |
| 2021 | $454 | $28,750 | $5,269 | $23,481 |
| 2020 | $451 | $28,456 | $5,215 | $23,241 |
| 2019 | $445 | $27,899 | $5,113 | $22,786 |
| 2018 | $440 | $27,353 | $5,014 | $22,339 |
| 2017 | $434 | $26,817 | $4,916 | $21,901 |
| 2016 | $424 | $26,292 | $4,820 | $21,472 |
| 2015 | $425 | $25,899 | $4,749 | $21,150 |
| 2014 | $414 | $25,394 | $4,657 | $20,737 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $529,000 | +20.2% | $417 / Sq Ft | |
| 12/16/2022 12/16/22 | Sold | $440,000 | -3.3% | $347 / Sq Ft | View Prior Sale |
| 11/14/2022 11/14/22 | Pending | -- | -- | -- | |
| 10/20/2022 10/20/22 | Price Changed | $455,000 | -8.9% | $359 / Sq Ft | |
| 09/01/2022 09/01/22 | Price Changed | $499,500 | 0.0% | $394 / Sq Ft | |
| 09/01/2022 09/01/22 | For Sale | $499,500 | -6.1% | $394 / Sq Ft | |
| 08/04/2022 08/04/22 | Pending | -- | -- | -- | |
| 06/09/2022 06/09/22 | For Sale | $531,900 | +20.9% | $419 / Sq Ft | |
| 06/06/2022 06/06/22 | Off Market | $440,000 | -- | -- | |
| 05/24/2022 05/24/22 | For Sale | $531,900 | 0.0% | $419 / Sq Ft | |
| 05/18/2022 05/18/22 | Pending | -- | -- | -- | |
| 05/13/2022 05/13/22 | Price Changed | $531,900 | -2.4% | $419 / Sq Ft | |
| 04/14/2022 04/14/22 | For Sale | $545,000 | -- | $430 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Stewart Title | |
| Grant Deed | $425,000 | Stewart Title | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $297,500 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25275541
APN: 374-154-022
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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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