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Closed
- Listed price
- $800,000
- Listed Oct 30, 2013
- Sold price
- $745,000
- Sold Dec 23, 2013
13,504 sqft lot|1980 Built|29 MLS days on market
33078 Adelfa St, Lake Elsinore, CA 92350
Property Description
We are pleased to exclusively present this SELLER FINANCE OPPORTUNITY of an eight unit apartment complex located at 33078-33082 Adelfa Street in the city of Lake Elsinore, California. Built in 1980, this property is situated on a 0.31 acre lot and has approximately 6,400 square feet of rentable space. The property is comprised of all two-bedroom/one-bath apartments with spacious kitchen and living areas, large bedrooms, a wood burning fireplace and a private fenced in yard (for select units). Currently, rents on the property are more than 15 percent below market. The seller will carry back a $640,000 first trust deed with a $160,000 down payment. This creates an opportunity for an investor to leverage into a solid investment in a strong rental market without having to go through the process of applying and qualifying for a traditional loan. HIGHLIGHTS: Seller Finance Opportunity 20% Down | 5% Interest | 20 Year Fixed 12% Cash on Cash Return with Market Rents Clean and Well Maintained Property Spacious Two-Bedroom Floorplans Located in Quiet Residential Neighborhood
Listing agent: JOHN STEPHENSDRE #01238307jstephens@marcusmillichap.com, Listing office: MARCUS & MILLICHAP
MLS data updated 11/4/2026, 8:06:13 AM PT
Source: CRMLSMLS #: CV13222635
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$745,000
Dec 23, 2013
Available records22013
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92350 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92350 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.