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Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV25037627
Sold Date 05/27/25
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
** THE BEST DEAL IN THE REGION ** Remodeled Bungalow Duplex in the unincorporated area of Lake Elsinore known for extreme sports and outdoor activities. Each unit features one bedroom and one full bathroom. The extra large living room (with characteristic arched windows) sits next to a rare SEPARATE dining room. Each unit has a 1-CAR GARAGE plus 2 additional covered spaces. All systems have been upgraded in both units with new kitchens, new windows, and new ductless heater & air conditioning. All while maintaining the original charm of hardwood flooring and vintage bathrooms. Each unit has 775 square feet of living area with a breezeway between the two units. Also included is a rare separate indoor laundry room in each unit. Each unit has it's own large fenced yard. The neighborhood is rural in appeal but is less than 2 miles from all restaurants and shopping. The area is a popular destination for paragliding, dirt biking, hiking, as well as boating, waterskiing, fishing, and other watersports. The new Lake Elsinore Marina and RV Resort area features modern amenities, including yurt rentals for tourists. This property is well suited to take advantage of the growing area and pent-up demand for residential rentals. MARKET RENTS OF $2,000 PER UNIT.
Location
State CA
County Riverside
Community Horse Trails
Zoning Assessor
Direction Near Corner of Palm Drive & Ryan Lane
Interior
Fireplace No
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 375283036
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Bought with TODD COLLINS Bon Vie Realty Group
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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