315 Lookout Street, Lake Elsinore, CA 92530

About this property

DO NOT DISTURB TENANTS. DRIVE BY ONLY. CONTACT LISTING AGENT FOR MORE INFORMATION.
 
 We are pleased to exclusively present Rancho Laguna Apartments, a 20-unit, single-story apartment community located in the City of Lake Elsinore, California. The building is situated on 1.05 acres and is comprised of 16, one-bedroom/one bathroom and four, two-bedroom/one-bath units.
 
 In recent years, the property has undergone significant renovation work on the interior, exterior, and common areas including new roofs for all buildings, furnaces (all units), bathroom remodel (all units), patio rebuilds (all units), kitchen remodel (select units), laundry room upgrades, and exterior paint on all buildings.
 
 This opportunity presents an investor the ability to purchase a solid investment in a strong rental market. The astute investor will enjoy the security of having the property surrounded by single family homes, local shopping and restaurants, as well as having easy access to Interstate 15 and close proximity to the lake. With upside in rents, this offering is perfect for a long-term investor seeking a well-maintained property in a desirable market.

Listing description from the December 2018 sale, as reported to CRMLS.

Sale history

$1,980,000

Sold December 2018 · listed $1,950,000, on market October 2018 · MLS #CV18254955 · Source: CRMLS

Listing Agent: SEAN HWANGBO · Listing Office: REALTY ONE GROUP, INC. · Contact: 909-694-0160 · Bought with: SEAN HWANGBO · REALTY ONE GROUP, INC.

$900,000

Sold October 2013 · listed $1,175,000, orig. $1,750,000, on market January 2013 · MLS #P846875 · Source: CRMLS

Listing Agent: Steve Fingerhut · Listing Office: Beach Equities · Contact: 562-597-8413 · Bought with: Justin Bevins · Prudential Canyon Lake R. E.

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