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 Eric Baskett • Circle Real Estate
$ 699,000
Est. payment | /mo
4,200 SqFt
$ 699,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $166
MLS Listing ID CRSB24228360
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1941
Lot Size 0.260 Acres
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
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
Cielo Fuentes
Partner | Lic# 1275719