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Ethan Tran

ethantranrealtor@gmail.com +1(626) 862-6119

$ 999,000

Est. payment -/mo

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111 S South Lindsay Street Lake Elsinore, CA 92530

8,712 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26135897

HOA Y/N No

Year Built 1917

Lot Size 8,712 Sqft

Property Sub-Type Quadruplex

Property Description

Investor opportunity in the heart of Old Town Lake Elsinore, near main Street. This well maintained fourplex features four 1 bedroom, 1-bathroom units and is ideally located just moments from Main Beach, the public boat ramp, nearby baseball fields, public library, post office. The property offers strong tenant appeal with dedicated on-site laundry room equipped with Speed Queen coin-operated washer and dryer, providing additional income potential. Exterior improvements include attractive low maintenance landscaping with artificial turf, decorative rock, concrete hardscaping, and a newer roof. The rear parking area features a concrete parking lot with five designated spaces and room for a sixth vehicle. Additional highlights include a Tesla solar lease and a highly desirable location near recreation, shopping, dining and the Lake Elsinore Waterfront. All information contained herein is deemed reliable but not guaranteed. Buyers and Buyers agent are advised to independently verify all information, including but not limited to square footage, lot size, zoning, permits, property condition and any other matters affecting the property. Seller and listing broker make no representations or warranties, expressed or implied, as to the accuracy of information provided. Buyer is advised to conduct their own due diligence and investigations to their satisfaction prior to the close of escrow. Listing agent is the owner of the property. Electricity, water and gas are on 1 meter. Cap rate is 6.37%. GRM 11.5

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Interior Features Laminate Counters, All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Water Heater

Laundry Common Area

Exterior

Fence Chain Link, Vinyl

Pool None

Community Features Street Lights

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 374242013

Security Features Smoke Detector(s)

Acceptable Financing 1031 Exchange

Green/Energy Cert Solar

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by CHRISTINE SMITH BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY 909-936-5380, DRE #02213085

Ethan Tran

Agent | License ID: 1522444

+1(626) 862-6119

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Ethan Tran

111 S South Lindsay Street Lake Elsinore, CA 92530

Key Details

Location

Interior

Exterior

Building

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111 S South Lindsay Street