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Listed by Christopher Metcalf • Unknown Office
$624,999
Est. payment /mo
7 Beds
4 Baths
3,300 SqFt
Active Under Contract
18487 Grand Lake Elsinore, CA 92530
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $189
MLS Listing ID SW-26213355
Bedrooms 7
Full Baths 4
Year Built 1925
Lot Size 2.150 Acres
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Discover an exceptional multi-unit investment and development opportunity located at 18487 Grand Ave in Lake Elsinore. Offered at $624,999, this unique property sits on over 3 acres of beautiful, development-ready land, presenting a rare blend of immediate rental income potential and expansive space to realize a grander vision. This versatile property features four total income-producing units, providing a highly desirable mix for seasoned investors or those looking to offset their mortgage. The residential layout includes two one-bedroom, one-bathroom units, a comfortable two-bedroom, one-bathroom unit, and a spacious three-bedroom, two-bathroom home. This flexible arrangement is perfect for generating multiple streams of cash flow or accommodating multi-generational living. Nestled in a great central location, the sprawling three-plus acre lot serves as the perfect canvas to build your dream home or expand your real estate portfolio. Residents will enjoy stunning, panoramic mountain views and a peaceful atmosphere while remaining conveniently close to local shopping, dining, and community amenities. Whether you are looking for a cash-flowing asset or the perfect site to make your development dreams come true acre by acre, this property delivers unbeatable value and potential. Opportunities featuring multiple units on this much usable land are incredibly rare. Don't miss your chance to secure a significant piece of Lake Elsinore real estate!
Location
State CA
County Riverside
Area Srcar-Southwest Riverside County
Interior
Heating Central
Cooling None
Fireplaces Type None
Laundry Individual Room
Exterior
Parking Features Driveway
Pool None
Community Features Lake
View Y/N Yes
View Mountain(s)
Building
Lot Description Horse Property Unimproved, Ranch, Rectangular Lot, Back Yard
Sewer Public Sewer
Nearby Locations
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