Lake Elsinore, CA 92530,1410 Morro WAY
Lake Elsinore, CA 92530,1410 Morro WAY
Lake Elsinore, CA 92530,1410 Morro WAY
11
$2,800,000
$2,875,000
2.6%
Est.Price: ?

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12,435 SqFt

1410 Morro WAY Lake Elsinore, CA 92530

Est. payment /mo
SOLD DATE : 04/16/2020

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Key Details

Sold Price $2,800,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 12,435 sqft

Price per Sqft $225

MLS Listing ID CV20011000

Sold Date 04/16/20

HOA Y/N No

Year Built 1979

Lot Size 0.450 Acres

Acres 0.45

Property Description

The Mountain Ridge Apartments is a 16-unit apartment building located at 1410 Morro Way in the city of Lake Elsinore, CA.
Situated on a 0.45 Acre corner lot, the property is built in 1979 and has an estimated 12,435 rentable square feet. The property has a desirable unit mix 11 two bedroom / one bath units and 5 one bedroom / one bath units. In the past 2 years, 12 of the 16 units have been upgraded with the following: wood vinyl plank flooring & new carpet in the bedrooms, new gas stove & oven with microwave, updated kitchen & bathroom counter tops, new two-tone paint, baseboards and ceiling fans. In addition, each unit has Central A/C & Heat, Individual Water Heater and Copper Plumbing. The units are individually metered for gas & electric and the landlord pays for water, trash and sewer. The common area provides the tenants one large laundry room, 16 enclosed garages and 16 covered spaces. The Mountain Ridge Apartments is located adjacent to the Ortega Highway (State Route 74), connecting Lake Elsinore directly to Orange County. Said property is a rare opportunity to purchase a well-maintained property in a rapidly growing area of the Inland Empire.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning R3

Interior

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 16.0

Pool None

Community Features Foothills, Lake

Private Pool No

Building

Lot Description 26-30 Units/Acre

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.0

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS With an Accepted Offer

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CRMLS Plus
Listed by MARCUS & MILLICHAP
Bought with Marcus & Millichap
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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