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: Single Family
  • MLS#: CV16199437
  • MLS:
  • Listing Office: MARCUS & MILLICHAP
  • Listing Broker: SEAN HWANGBO
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 2 weeks ago

Home Features for 315 Lookout St , Lake Elsinore


Property History for 315 Lookout St, Lake Elsinore

Sep 10, 2016
Oct 11, 2013
Jan 26, 2013
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Real Estate Market Statistics of 315 Lookout Street , Lake Elsinore

Lake Elsinore, California

Total Inventory For Sale

283 Homes

0% m/m -2% y/y

Median List Price


0% m/m +6% y/y

Median Days On Market

41 Days

+2% m/m -18% y/y

Median House Size

2,125 Sqft

0% m/m -11% y/y

Median Price Per Square Foot

$167 /Sqft

0% m/m +12% y/y

Median Price

315 Lookout St in 92530 is currently listed for 1,750,000. As of today, , this is 400% above the median price of $350,000 for the city of Lake Elsinore, CA and 428% above the median of $331,740 for ZIP code 92530. Right now, there are 173 properties for sale in 92530 and 283 properties listed for sale in Lake Elsinore. Those 283 properties are made up of 273 single family homes and 10 condos. The square footage of 315 Lookout St is approximately 12,200, which is 474% above the median size of 2,125 square feet in Lake Elsinore and 553% above the median size of 1,869 square feet in ZIP code 92530. This property's price per square foot is $143, which is 21% below the $181 median in 92530 and 14% below the $167 Lake Elsinore median.

New Listings in Lake Elsinore

Built in 1975, this single 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 47 days. The median days on the market for properties in this area is 41 with a median list price of $350,000 and median cost per square foot of $167. It's currently listed as active under the MLS #CV16199437.

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