17462 Ranspot Avenue, Lake Elsinore, CA 92530
Property · 2 recorded sales since 2012
Sold December 2021
Listing Agent: SEAN HWANGBO (DRE #01945497) · Listing Office: REALTY ONE GROUP WEST · Contact: 909-694-0160 · Bought with: SEAN HWANGBO · REALTY ONE GROUP WEST · MLS #CV21240823 · Source: CRMLS
About this property
We are pleased to exclusively present the opportunity to acquire Ranspot Ave houses, a single-story detached 2-unit multifamily property located in the City of Lake Elsinore, California. Located within proximity to the lake, the offering benefits from its easy access to retail, entertainment, schools, recreational areas, and freeways all within reach. Interstate 15 and State Route 91 grants access to surrounding employment hubs throughout the Inland Empire, Orange & San Diego regions. The property offer an excellent unit mix of two-bedroom units varying in size with improvements under current ownership that include: in unit washer/dryer, tile flooring, custom paint, drywall, updated bathrooms, electrical work-including panels, water heaters, appliances, kitchen cabinets, granite countertops, plumbing fixtures-including piping, lighting fixtures, ceiling fans, windows, air conditioning & fencing. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With favorable financing terms, upside potential, and growing demand for this submarket, the subject presents investors the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management, continued renovation & leveling rents to market. This offering is part of a portfolio of seven (7) properties offered by the same selling group. It may be purchased individually or in any combination.
Listing description from the December 2021 sale, as reported to CRMLS.
Sale history
