411 413-415 N Main Lake Elsinore, CA 92530
La Cresta NeighborhoodEstimated payment $14,273/month
Highlights
- New Construction
- No HOA
- Laundry Room
- 0.62 Acre Lot
- Cottage
- Central Heating
About This Home
Exceptional 7-unit multifamily property (encopassing 3 diffrent and continious parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. The classic Craftsman style (3 separate unit buildings) offer character, functionality, and excellent long-term potential for investors or owner-occupants. Featuring well-proportioned units with original architectural details, the property blends vintage charm with practical living spaces. Each unit provides ample natural light, cozy layouts, and opportunities for thoughtful updates or value-add improvements. The buildings have been maintained over the years and offers steady rental income, with room to enhance returns through modernization or strategic renovations. Located in an established neighborhood close to amenities, transit, and employment hubs, this property appeals to tenants seeking affordability and character. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.
Listing Agent
Marin Realty Group Brokerage Phone: 951-830-2967 License #01753895 Listed on: 12/08/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024 | New Construction
Lot Details
- 0.62 Acre Lot
- Two or More Common Walls
- 374-063-012, 374-063-011
Home Design
- Cottage
- Bungalow
- Property Attached
- Entry on the 1st floor
- Raised Foundation
- Slab Foundation
- Shingle Roof
Interior Spaces
- 6,263 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Bathrooms
Additional Features
- Suburban Location
- Central Heating
Listing and Financial Details
- Legal Lot and Block 15 / 83
- Tax Tract Number 1
- Assessor Parcel Number 374063010
- $318 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 6 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,800
- Insurance Expense $9,600
- Professional Management Expense $8,400
- Trash Expense $4,800
- Water Sewer Expense $4,200
- Operating Expense $28,800
- Gross Income $167,280
- Net Operating Income $138,480
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $2,280,000 | -- | $364 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW25271898
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