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#: CV16199437
  • MLS:
  • Listing Office: MARCUS & MILLICHAP
  • Listed By: SEAN HWANGBO
  • Movoto last checked CRMLS for new data 10 minutes ago
  • CRMLS last updated this listing 4 months ago

Home Features for 315 Lookout St , Lake Elsinore

Overview
Schedule a Viewing of 315 Lookout St, Lake Elsinore

Property History for 315 Lookout St, Lake Elsinore

Status
Date
Price
Listed
Sep 10, 2016
$1,750,000
#CV16199437
Sold
Oct 11, 2013
$900,000
Listed
Jan 26, 2013
$1,175,000
#P846875

Mortgage Calculator for 315 Lookout Street, Lake Elsinore

Edit the averages shown below to see the payment that works best for you.
315 Lookout St in ZIP code 92530 is a multi family home currently listed for $1,750,000. This is 438% above the median of $325,000 for 92530 and 400% above the median price of $349,900 for the city of Lake Elsinore, CA. As of today, , there are 114 properties listed for sale in the 92530 area and 188 properties listed for sale in Lake Elsinore. Of those 188 properties for sale, 173 are single family homes and 15 are condos. 315 Lookout St is approximately 12,200 square feet, 499% above the Lake Elsinore median of 2,038 and 580% above the 92530 ZIP code median of 1,794. The price per Sqft is $143, which is 21% below the median price in 92530 of $180 and 14% below the Lake Elsinore median of $167 per square foot.
Built in 1975, this multi family house at 315 Lookout St is approximately 12,200 square feet and comes with 20 parking spots. It is listed on 09/10/2016 for $1,750,000 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 has been on the market for 164 days. The median days on the market for properties in this area is 55 with a median list price of $349,900 and median cost per square foot of $167. It's currently listed as active under the MLS #CV16199437.

View more active properties in this area. Or connect with a top-rated Movoto agent to learn more about Lake Elsinore market trends and buying this home and other homes like it.
Movoto
Lake Elsinore Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.