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Listed by Wendy McGowan, DRE #01446983 • Century 21 Masters
$462,530
Est. payment /mo
3,920 Sqft Lot
Active
17797 Grand A & B Lake Elsinore, CA 92530
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26068596
Style Traditional
Year Built 1947
Lot Size 3,920 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Affordable duplex in Lake Elsinore with new vinyl fencing and each unit offers a private yard. Both units are 1BD/1BA, 400 sq ft (buyer to verify) clean, functional, and maintained, with strong rental appeal. Unit A totals $1,700/mo with rent and surcharges, and Unit B totals $1,461.80/mo with rent and surcharges. Gross annual income is approximately $37,941.60 with a reported net of $26,559.12, reflecting an estimated 5.7% cap rate at a $463,500 price (buyer to verify all figures). Plenty of parking on site. Located within walking distance to Lake Elsinore and Perret Park for boating, water sports, fishing, and outdoor recreation. Zoned commercial, offering additional possibilities for buyers with business needs-buyer to verify all uses with the City of Lake Elsinore. Suitable for investors or an owner-occupant who wants to live in one unit and rent the other. Buyer to verify all information, income, expenses, zoning, and feasibility.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Gas Hookup, Laundry Area, 30, Other
Exterior
Parking Features Other
Garage Spaces 4.0
Pool 31, None
Roof Type Composition
Building
Story One Story
Foundation Concrete Slab
Water District - Public
Architectural Style Traditional
Others
Tax ID 381231004
Special Listing Condition Not Applicable
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