1410 Morro Way, Lake Elsinore, CA 92530
Property · 3 recorded sales since 2014
Sold April 2020
Listing Agent: KEVIN STRUVE (DRE #01266441) · Listing Office: MARCUS & MILLICHAP · Contact: 909-456-3400 · Bought with: Brice Head · Marcus & Millichap · MLS #CV20011000 · Source: CRMLS
About this property
The Mountain Ridge Apartments is a 16-unit apartment building located at 1410 Morro Way in the city of Lake Elsinore, CA. Situated on a 0.45 Acre corner lot, the property is built in 1979 and has an estimated 12,435 rentable square feet. The property has a desirable unit mix 11 two bedroom / one bath units and 5 one bedroom / one bath units. In the past 2 years, 12 of the 16 units have been upgraded with the following: wood vinyl plank flooring & new carpet in the bedrooms, new gas stove & oven with microwave, updated kitchen & bathroom counter tops, new two-tone paint, baseboards and ceiling fans. In addition, each unit has Central A/C & Heat, Individual Water Heater and Copper Plumbing. The units are individually metered for gas & electric and the landlord pays for water, trash and sewer. The common area provides the tenants one large laundry room, 16 enclosed garages and 16 covered spaces. The Mountain Ridge Apartments is located adjacent to the Ortega Highway (State Route 74), connecting Lake Elsinore directly to Orange County. Said property is a rare opportunity to purchase a well-maintained property in a rapidly growing area of the Inland Empire.
Listing description from the April 2020 sale, as reported to CRMLS.
Sale history
