315 Lookout Street, Lake Elsinore, CA 92530

$1,750,000 Approx. USD 0 beds, 0 baths
12,200 sqft

Agent Remarks

We are pleased to present Rancho Laguna, a 20-unit, single-story apartment community located in the City of Lake Elsinore, California. The building is situated on 1.05 acres and is comprised of 16 one-bedroom/one-bath and 4 two-bedroom/one-bath units. In recent years, the property has undergone significant renovation work on the interior, exterior, and common areas including new roofs for all buildings, furnaces (all units), bathroom remodel (all units), patio rebuilds (all units), laundry room upgrades, and exterior paint on all buildings. This opportunity presents an investor the ability to purchase a solid investment in a strong rental market. The new owner will enjoy the security of having the property surrounded by single family homes, local shopping and restaurants, as well as having easy access to Interstate 15 and close proximity to the lake. With upside in rents, this offering is perfect for a long-term investor seeking a well-maintained property in a desirable market.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# CV16199437
List price is $1,750,000
Beds: 0
Baths: 0
Patio fireplaces
Built in 1975
12,200 sqft
1 stories
1.05 acres
Lot size: 1.050
County: Riverside
MLS area: 239 - Lake Elsinore South

Last Updated: 10/11/2016

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This listing belongs to the 239 - Lake Elsinore South MLS area

Lat/Long: 33.672295, -117.323807.
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Broker: Courtesy of MARCUS & MILLICHAP
Listing Agent: SEAN HWANGBO

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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