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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$462,530

Est. payment - /mo

3,920 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26068596

HOA Y/N No

Year Built 1947

Lot Size 3,920 Sqft

Property Sub-Type Duplex

Property Description

Affordable duplex in Lake Elsinore with new vinyl fencing and each unit offers a private yard. Both units are 1BD/1BA, 400 sq ft (buyer to verify) clean, functional, and maintained, with strong rental appeal. Unit A totals $1,700/mo with rent and surcharges, and Unit B totals $1,461.80/mo with rent and surcharges. Gross annual income is approximately $37,941.60 with a reported net of $26,559.12, reflecting an estimated 5.7% cap rate at a $463,500 price (buyer to verify all figures). Plenty of parking on site. Located within walking distance to Lake Elsinore and Perret Park for boating, water sports, fishing, and outdoor recreation. Zoned commercial, offering additional possibilities for buyers with business needs—buyer to verify all uses with the City of Lake Elsinore. Suitable for investors or an owner-occupant who wants to live in one unit and rent the other. Buyer to verify all information, income, expenses, zoning, and feasibility.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Inclusions Any appliances on the property will be left without warranty/guarantee

Fireplace No

Appliance Gas Range, Refrigerator

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Outside

Exterior

Parking Features Driveway Level, Driveway

Pool None

Community Features Lake, Park, Water Sports

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Faces North

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 381231004

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Wendy McGowan Century 21 Masters 909-996-9626, DRE #01446983

NEARBY SCHOOL & BUSINESS

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17797 Grand A & B Lake Elsinore, CA 92530