See all 38 photos
38 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by SUSANA FRANCO • GOLDEN EAGLE PROPERTIES
$2,100,000
Est. payment /mo
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV25118584
Year Built 1923
Lot Size 0.430 Acres
Source California Regional MLS
Property Description
Investment Opportunity - 14-Unit Multifamily Property in LAKE ELSINORE! Rare opportunity to acquire a well-maintained 14-unit multifamily property featuring a strong unit mix: four studios (0 bed / 1 bath), six one-bedroom units (1 bed / 1 bath), and four two-bedroom units (2 bed / 1 bath). All units are unfurnished and currently tenant-occupied, with no garage parking. The property is separately metered for electricity and gas (14 meters each) with one shared water meter, offering efficient utility management. Situated on a generous 18,730 sq ft lot (APNs: 374-173-002 and 374-173-003), the property is ideally located close to the lake and within walking distance to downtown, restaurants, and local shops. This prime location enhances tenant appeal and supports long-term rental stability. With consistent occupancy and strong rental demand, this property offers significant upside potential through rent increases and is ideal for investors seeking income stability and long-term growth in a high-demand market.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Laundry None
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 374173002
Special Listing Condition Not Applicable
Read Less Info
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033