Share this with your friends
(909) 215-5431
Real Estate Company
17797 Grand A & B, Lake Elsinore, CA 92530
- $462,530
- List Price
- $462,530
- Price Change
- ▼ $970 1790318025
- Status
- ACTIVE
- MLS#
- SW26068596
- Year Built
- 1947
- Lot Size
- 3,920
- Acres
- 0.09
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 160
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Duplex
- Stories
- One Level
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.
Additional Information
- Appliances
- Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Stucco
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $37,941
- Operating Expense
- 13092
Listing courtesy of Listing Agent: Wendy McGowan (WendyMcGowan1@gmail.com) from Listing Office: Century 21 Masters.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.