NOT LISTED FOR SALE

310 Line St Lake Elsinore, CA 92530

Lake Elsinore Historic District Neighborhood
1 Bed
3 Baths
2,500 Sq Ft
0.27 Acres

Last Sold May 26, 2017

Last sale price $405,000 $162 Per Sq Ft

200 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2017

GREAT SIX UNITS RENTAL INCOME PROPERTY, LOCATED IN THE CITY OF LAKE ELSINORE, WALKING DISTANCE TO THE LAKE. ALL UNITS ARE CURRENTLY RENTED. TWO UNITS ARE ONE BEDROOM AND ONE BATH APARTMENTS. FOUR UNITS ARE STUDIO AND ONE BATH APARTMENTS.
GREAT FOR INVESTORS, GOOD CASH FLOW.

Last Agent to Sell the Property

Michelle Pham

Esen Real Estate Services License #01223872 Listed on: 08/28/2016

Last Buyer's Agent

Michael Oliver

Golden Eagle Properties License #01236295

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.27 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Corner Lot

Home Design

  • 2,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 6
  • Assessor Parcel Number 373161008

Community Details

Overview

  • 5 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,200
  • Insurance Expense $1,200
  • Trash Expense $1,800
  • Water Sewer Expense $2,400
  • New Taxes Expense $1,947
  • Operating Expense $11,147
  • Gross Income $3,850
  • Net Operating Income $34,453

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2400.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 373161008
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 162.00

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11905.00
  • Price Per Lot Square Foot: 37.78

Multi Family

  • Electric Expense: 3200.00
  • Gross Income: 3850.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 34453.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 11147.00
  • Rent Control: No
  • Total Actual Rent: 3850.00
  • Total Expenses: 11147.00

Tax Info

  • New Taxes Expense: 1947.00
  • Tax Lot: 8
  • Tax Tract Number: 006

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $405,000 -7.9% $162 / Sq Ft
10/24/2016 10/24/16 Price Changed $439,800 -2.2% $176 / Sq Ft
08/30/2016 08/30/16 Price Changed $449,800 -10.0% $180 / Sq Ft
08/28/2016 08/28/16 For Sale $499,800 -- $200 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michelle Pham

    Esen Real Estate Services

    (949) 310-3522

    22 Total Sales

    Section Image

  • M

    Buyer's Agent in 2017

    Michael Oliver

    Golden Eagle Properties

    (951) 551-3250

    16 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16189674

California Regional Multiple Listing Service (CRMLS)

APN: 373-161-008

California Riverside County Lake Elsinore 92530 Lake Elsinore Historic District

310 Line St, Lake Elsinore, CA

This home is located at 310 Line St, Lake Elsinore, CA 92530 since 28 August 2016. This property was built in 1962. 310 Line St is a home located in Riverside County with nearby schools including Railroad Canyon Elementary School, Elsinore Middle School, and Elsinore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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