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$ 624,999
Est. payment /mo
New
18487 Grand Lake Elsinore, CA 92530
7 Beds
4 Baths
1,080 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $578
MLS Listing ID SW26213355
Bedrooms 7
Full Baths 4
Year Built 1925
Lot Size 0.820 Acres
Property Sub-Type Detached
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
Direction Grand Right on Mercedeh Dr
Interior
Heating Forced Air Unit
Fireplace No
Exterior
Fence Chain Link
View Y/N Yes
Water Access Desc Public,Well
View Mountains/Hills
Roof Type Composition
Accessibility None
Building
Story 1
Sewer Public Sewer
Water Public, Well
Level or Stories 1
Others
Senior Community No
Tax ID 371200026
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
Listed by Christopher Metcalf, DRE#01946751 Inland Valley Realty
Co-listed byNON LISTED OFFICE
Co-listed byNON LISTED OFFICE
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