Property listed by Colleen K. Cotter, Summer Rampersad, 619-804-6840.
$549,000
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… Read More 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! Read Less
Listing Snapshot
Days Online
93
Last Updated
Lot Size
0.4 Acres
Year Built
1924
MLS Number
260017737SD
Additional Details
Building
Built in 1924, 1 building, 2 stories, Levels: Two
Community
Park Name: Unknown
Cooling
None
Disclosures
Unincorporated
Fence
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $48,020
Lot
0.4 acres
Roof
RolledHotMop
Taxes
Parcel Number: 373152009, Zoning: R3
Tenant Pays
Electricity, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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