Properties

Lake Elsinore, CA 92530 138 E Peck

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Presented By: SONIA OROZCO with RE/MAX CHAMPIONS; 951-543-3020
  • MLS# IV26011016
  • 01/16/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Baths • 2
  • SQFT • 2,742

Home Details

Come enjoy an incredible opportunity to own a beautifully upgraded income-producing duplex in the heart of Lake Elsinore. This exceptional property offers flexibility, strong rental potential, and modern livingโ€”all within walking distance to downtown dining, shopping, and just moments from the lake. The front unit has been completely remodeled and features 3 bedrooms, 2.5 bathrooms, and approximately 1,500 square feet of thoughtfully updated living space. With its modern finishes and inviting layout. This unit currently rents the shed in back for additional income. The rear unit, built in 2023, offers 3 bedrooms and 2 bathrooms with approximately 1,300 square feet of contemporary living. Both units are in excellent condition and each includes its own private laundry room, separate gas and electric meters, and a sub-metered water meter, making this an ideal setup for owner-occupants or investors alike. Front unit is currently rented, with the option for tenant-occupied or vacant delivery at close of escrow, offering flexibility to live in one and rent the otherโ€”or rent both and enjoy immediate income. Additional highlights include a shared driveway, well-maintained exteriors, and a prime downtown Lake Elsinore location that enhances long-term rental demand. Some reasons this is a great buy: Amazing rental opportunity, Live in one, rent the otherโ€”or rent both, Close to the lake and walkable to everything, Strong income potential in a growing area Please note: Photos have been digitally enhanced to remove tenantsโ€™ personal belongings for privacy and security. Donโ€™t miss this rare opportunity to own a beautifully renovated, newer-construction duplex in one of Lake Elsinoreโ€™s most desirable locations. Schedule your private showing today and explore the income and lifestyle potential this exceptional property has to offer.
Presented By: SONIA OROZCO with RE/MAX CHAMPIONS; 951-543-3020

Interior Features for 138 E Peck

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)Yes
Common WallsNo Common Walls
Fireplace FeaturesLiving Room, Masonry, Wood Burning
Fireplace Y/NYes
FlooringTile, Vinyl
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Quartz Counters, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Laundry FeaturesInside, Laundry Room
Total Stories1
Window FeaturesDouble Pane Windows, ENERGY STAR Qualified Windows

Other Rooms

Entry Level1

General for 138 E Peck

Additional Parcels Y/NNo
AppliancesDishwasher, Gas Water Heater
Architectural StyleTraditional
Building Area UnitsSquare Feet
Carport Spaces
CityLake Elsinore
Community FeaturesBiking, Curbs, Dog Park, Fishing, Gutter(s), Hiking, Horse Trails, Lake, Storm Drain(s), Street Lights, Sidewalks, Water Sports
Construction MaterialsDrywall, Stucco
CoolingCentral Air, Wall/Window Unit(s)
CountyRiverside
DirectionsMain St & Graham St
DisclosuresHome Warranty
ElectricElectricity - On Property
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income1800
HOANo
HOA Fee$
HeatingCentral
Insurance Expense2500
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional, FHA, Submit, VA Loan
Lot Size Square Feet7405
Lot Size UnitsSquare Feet
MLS AreaSRCAR - Southwest Riverside County
Net Operating Income55000
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense5000
Other StructuresShed(s)
Pool FeaturesNone
PostalCityLAKE ELSINORE
Property Attached Y/NNo
Property ConditionUpdated/Remodeled, Turnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
RoofShingle
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Tax Lot25
Tenant PaysCable TV, Electricity, Gas, Insurance, Trash Collection, Telephone
Total Actual Rent5150
Trash Expense0
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense2100
Year Built1936
Year Built SourceAssessor

Exterior for 138 E Peck

Building Area Total2742
Exterior AmenitiesLighting
FencingBlock, Brick, Chain Link, Vinyl, Wood
Foundation DetailsBrick/Mortar, Raised, Slab
Horse Amenities Riding Trail
Lot Features2-5 Units/Acre, Garden, Sprinklers In Front, Paved
Lot Size Acres0.17
Lot Size Area7405
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Parking FeaturesConcrete, Driveway, Shared Driveway, On Street, Unassigned, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $750,000
MLS#IV26011016
List Date 01/16/2026
Property Type Multi-Family
Phone 888.795.6274
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Request Tour
Request Info
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