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Listed by SUSANA FRANCO, DRE #01852097 • GOLDEN EAGLE PROPERTIES
$ 2,040,000
Est. payment | /mo
0.43 Acres Lot
$ 2,040,000
Est. payment | /mo
0.43 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV26024597
Year Built 1923
Lot Size 0.430 Acres
Source California Regional MLS
Property Description
Rare opportunity to acquire a stabilized 14-unit multifamily asset in a prime Lake Elsinore location near the lake and within walking distance to downtown, dining, and shopping. The property features a desirable unit mix of four studios, six 1-bed/1-bath units, and four 2-bed/1-bath units, all currently tenant occupied and generating immediate income. Utilities are efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Laundry None
Exterior
Parking Features Off-Street Parking
Pool None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 374173002
Special Listing Condition Not Applicable
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