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    219 E Prospect Street

    Lake Elsinore, CA 92530
    • $499,000
    • STATUS: Pending
    • ON SITE: 98 days
    • ID#: SW21025333
    Pending
    UPDATED: 81 min ago
    $499,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,250
      SQFT
    • $399
      $/SQFT
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Very nice 3 bedroom 2 bathroom house with a small duplex behind it! This property is a great opportunity to get three units near downtown Lake Elsinore with both street and alley access. The main home is currently rented for 1600/mo and the units in the back are generating another $1800+ between the two! Walking distance to shops on Main street and the lake so you won't want to miss out on this 3400+ income stream in this great location!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/114018159
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    219 E Prospect Street Lake Elsinore, CA 92530

    • Price: $499,000
    • Status: Pending
    • Updated: 81 min ago
    • ID#: SW21025333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,250
    SQFT
    $399
    $/SQFT
    1936
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    Very nice 3 bedroom 2 bathroom house with a small duplex behind it! This property is a great opportunity to get three units near downtown Lake Elsinore with both street and alley access. The main home is currently rented for 1600/mo and the units in the back are generating another $1800+ between the two! Walking distance to shops on Main street and the lake so you won't want to miss out on this 3400+ income stream in this great location!
    Exterior Features

    Lot Features Street Level Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Additional Parcels YN No Cap Rate 4.5 Common Interest None Community Features Suburban Electric Expense 8200 Fuel Expense 1250 Garage YN No Gross Income 40980 Gross Scheduled Income 40980 Insurance Expense 1800 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 21280 New Construction YN No New Taxes Expense 5000 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 19700 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 700 Water Sewer Expense 2750 Water Source Public Zoning R3

    Listing provided courtesy of Jarrod Whitehorn of Jarrod Whitehorn, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505