Duplex Income
33053 Blackwell Lake Elsinore, CA 92530
For Sale
$599,000
MULTI_FAMILY - Lake Elsinore, CA
Property Size1,706 SF
Lot Size0.08 Acres
Price / SF$351.11
Days on Market149
Property Features for 33053 Blackwell
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Laundry Room, Bedroom 2, Bedroom 1, Bathroom 2
- Parking
- 2
- Standard status
- Active
- APN
- 381246005
- Size
- 1,706 SF
- Lot size
- 0.08 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 2
Listing Agency:
Realty ONE Group West
(951) 216-2000
Listed By:
Robert Grim · License #01937672
(951) 447-6440
Added: Feb 27
Changed: Jul 21
Last Checked: Jul 26 at 6:06PM
MLS# SW26044100
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex income property offers two residential units under one roof, suited for buyers looking for a small multifamily setup. The property is listed for sale with a total building size of 1,706 square feet.
The address is 33053 Blackwell in Lake Elsinore, CA 92530, within Riverside County.
As a residential income asset, the duplex configuration provides two separate units for rental use.
The address is 33053 Blackwell in Lake Elsinore, CA 92530, within Riverside County.
As a residential income asset, the duplex configuration provides two separate units for rental use.
Key Highlights
- Year built: 1976
- Heating: central
- Cooling: window unit(s) and wall/window unit(s)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $25.56 |
| − Vacancy | −$785 | −$0.46 |
| EGI | $42.8k | $25.10 |
| − OpEx | −$12.8k | −$7.53 |
| NOI | $30.0k | $17.57 |
1,706 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.2K
$374.7K – $499.6K
NOI $29,974 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$394.5K
$345.2K – $460.2K
NOI $27,614 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,776 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale in Lake Elsinore with residential income configuration.
Where is this duplex located?
The property is located at 33053 Blackwell Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Year built: 1976; Heating: central; Cooling: window unit(s) and wall/window unit(s)
