Bought with NONE NONE • None MRML
$653,000
$699,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
4,200 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $653,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $155
MLS Listing ID CRSB24228360
Sold Date 12/23/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1941
Lot Size 0.260 Acres
Property Sub-Type Quadruplex
Property Description
Exceptional investment opportunity in Lake Elsinore! Priced at $699,000, this property includes plans that have already been submitted to the city for approval and are Currently Under Review to convert the existing structure into a modern 4-plex, with each of the four units featuring three bedrooms and two bathrooms. The building offers a total of 4,194 sqft of living space, set on an 11,326 sqft lot in a prime R-3 High-Density Residential Zone, ideal for multi-family projects. Also there is a new ADU rule from Jan 2025, AB 1211, which will now allow 1 ADU for each unit. So this property can now have 4 small detached ADUs. 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. 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
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry No Hookups
Building
Lot Description Other
Water Public
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