$515,000

401 W Graham, Lake Elsinore, CA 92530

3 beds |
2 baths |
1,268 sqft

Condominium
Built in 1921
8,276sqft lot
3 car garage
$406/sqft
Listed 3 months ago

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 spaceperfect 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 communityfull of opportunity and upside for the right buyer.

Listing Status:: Active
Date Added:: December 11, 2025
Data Last Updated:: April 2, 2026 at 10:11PM
Listing Office:: Brent Westra : 909-519-1328
Listing Agent:: Brent Westra : 909-519-1328
MLS ID:: TR25275541

A/C: Wall/Window
Heating: Forced Air Unit
Fireplace: N/K

Pool: N/K
Parking: Parking spaces: 3

General: 1

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Riverside

Zoning: 374154022
View: Lake/River

Water: Public
Sewer: Public Sewer

Source: California Regional MLS

This listing courtesy of Brent Westra , Brent Westra

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Elsinore Elementary School

512 W Sumner Ave, Lake Elsinore, CA, 92530

Grades KG-5

0.21 miles away

Elsinore Middle School

1203 W Graham Ave, Lake Elsinore, CA, 92530

Grades 6-8

0.55 miles away

Ortega High School

520 Chaney St Bldg 100, Lake Elsinore, CA, 92530

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.