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Sharlotte Blake

sharlotte@laluxestates.com +1(323) 219-1101

$1,399,999

Est. payment - /mo

9,147 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26136020

HOA Y/N No

Year Built 2024

Lot Size 9,147 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. Opportunity for developing an additional 2 units exists. Site plan and elevations have been approved by the City of Lake Elsinore. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Heating Ductless

Cooling Ductless

Fireplaces Type None

Fireplace No

Laundry Inside, Laundry Room

Exterior

Pool None

Community Features Suburban

View Y/N No

View None

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 374063010

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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Listed by Jose Marin Marin Realty Group 951-830-2967, DRE #01753895

NEARBY SCHOOL & BUSINESS

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

415 N Main ST Lake Elsinore, CA 92530

Sharlotte Blake

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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415 N Main ST