UPDATED:
11/06/2024 12:20 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24228360
HOA Y/N No
Year Built 1941
Lot Size 0.260 Acres
Property Description
This property boasts scenic views of Lake Elsinore and the Ortega Mountains, and is close to Lake Elsinore Beachfront Park, the casino, and Diamond Stadium. Based on local rental rates, monthly income projections per unit range from $2,200 to $3,000, creating a compelling revenue stream for both long-term and short-term rentals. All permits and plans are ready, with construction able to begin upon approval, making this an excellent prospect in a growing area.
In addition to this property, two adjacent lots may be available for purchase at the right price, expanding the investment potential even further.
Don't miss this rare opportunity—schedule a viewing today!
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning CP
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Garage Asphalt, Driveway
Pool None
Community Features Lake
Parking Type Asphalt, Driveway
Total Parking Spaces 8
Private Pool No
Building
Lot Description Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 379060015
Acceptable Financing Cash, 1031 Exchange, Owner May Carry
Listing Terms Cash, 1031 Exchange, Owner May Carry
Special Listing Condition Standard
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