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315 Lookout ST Lake Elsinore, CA 92530
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Key Details
Sold Price $1,980,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 12,200 sqft
Price per Sqft $162
MLS Listing ID CV18254955
Sold Date 12/28/18
HOA Y/N No
Year Built 1975
Lot Size 1.050 Acres
Acres 1.05
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Laundry Community
Exterior
Parking Features Assigned
Fence Wood
Pool None
Community Features Sidewalks, Street Lights
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Sean Hwangbo
SHOW CONTACT PH 909-570-0562
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS. DRIVE BY ONLY. CONTACT LISTING AGENT SEAN S. HWANGBO AT 909-570-0562 (OFFICE) OR 626-679-7947 (CELL) FOR MORE INFORMATION.
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Bought with REALTY ONE GROUP, INC.