315 Lookout St
Lake Elsinore, CA 92530

Bd   — Ba   12,200 Sqft
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.
  • Property Type: Multi Family
  • MLS#: CV17042151
  • MLS:
  • Listing Office: MARCUS & MILLICHAP
  • Listed By: SEAN HWANGBO
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Property History

Status
Date
Price
Listed
Mar 1, 2017
$1,750,000
#CV17042151
Listed
Sep 10, 2016
$1,750,000
#CV16199437
Sold
Oct 11, 2013
$900,000
Listed
Jan 26, 2013
$1,175,000
#P846875
Built in 1975, this multi family house at 315 Lookout St, Lake Elsinore CA, 92530 is approximately 12,200 square feet and comes with 20 parking spots. It was last listed with a cost per Sqft of $143. 315 Lookout St is located in the Lake Elsinore Historic District neighborhood in the Lake Elsinore Unified School District. The closest school is Railroad Canyon Elementary School.

315 Lookout St, Lake Elsinore CA, 92530 was on the market for 87 days. The median days on the market for properties in this area is 32 with a median list price of $379,900 and median cost per square foot of $169. Its current status is removed under the MLS #CV17042151.

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