401 West Graham, Lake Elsinore, CA 92530
401 West Graham, Lake Elsinore, CA 92530
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 1 active · 4 closed
Lake Elsinore · Duplex
Listed 8.8% above the median closed sale of $473,500. Price per sqft ($406) is a 13% premium to closed comps ($359).
Price Position
Positioned above the market — commands a premium.
Active Properties (1)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 33140 Lorimer Street | Lake Elsinore | 1978 | 4 | 2 | 2,492 | 7,405 | $221 | $550,000 | 7 | 45 |
| Total: 1 · Average | 4.0 | 2.0 | 2,492 | 7,405 | $221 | $550,000 | 7 | |||
| Median | 2,492 | $550,000 | ||||||||
Closed Properties (4)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 305 Heald | Lake Elsinore | 1910 | 05/26/2026 | 4 | 2 | 1,221 | 8,276 | $490,000 | $477,000 | $391 | 0.97 | 131 | 87 |
| 608 Pottery Street | Lake Elsinore | 1965 | 05/23/2025 | 3 | 2 | 1,400 | 7,841 | $529,999 | $523,000 | $374 | 0.99 | 51 | 75 |
| 30190 Mountain View Street | Lake Elsinore | 1930 | 04/02/2025 | 2 | 2 | 1,550 | 4,972 | $460,000 | $470,000 | $303 | 1.02 | 0 | 67 |
| 803 Quail Drive | Lake Elsinore | 1979 | 07/22/2026 | 3 | 2 | 1,251 | 3,049 | $459,900 | $459,000 | $367 | 1.00 | 41 | 65 |
| Total: 4 · Average | 3.0 | 2.0 | 1,355.5 | 6,034.5 | $482,250 | $482,250 | $358.75 | — | 55.75 | ||||
| Median | 1,400 | $477,000 | $477,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.