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$ 575,000
Est. payment | /mo
4 Beds
3 Baths
0.4 Acres Lot
$ 575,000
Est. payment | /mo
4 Beds
3 Baths
0.4 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 250042311
Bedrooms 4
Full Baths 3
Year Built 1924
Lot Size 0.400 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Investor Special in Lake Elsinore! Rare opportunity to own a 3-unit multifamily property just one block from the town center, featuring lake views and situated on a large 17,000 sq. ft. lot. The property includes a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit. When fully occupied, the property generates approximately $46000 + a year in rental income in current condition. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Hold to increase rental income or explore the development potential for more units or two separate building, ADU. Property is being sold as-is. Excellent location near downtown Lake Elsinore, schools, shopping, and easy freeway access. Great views of the Lake. Great opportunity for investors or developers looking to add value in a growing area!
Location
State CA
County Riverside
Zoning R3
Direction Use Google maps.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 373-152-009
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/250042311
Listed by Summer Rampersad Colleen K. Cotter
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "