212 E Graham Avenue

    Lake Elsinore, CA 92530
    • $430,000
    • STATUS: Active Under Contract
    • ON SITE: 13 days
    • ID#: SW18128133
    Under Contract
    UPDATED: 157 min ago
    $430,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,115
      SQFT
    • $203
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Immediate Income Potential Opportunity. CAP RATE of 5.79%. Beautifully fully remodeled Home Income Complex. TWO SEPARATE METERS. R3 ZONE. You can build a third Unit for Extra Income!!Two units, plus a detached garage with separate door. Huge Lot 8712 SF. Two minute walk to downtown Lake Elsinore. Inside Unit #1 (1,243 SF) you will find a spacious kitchen with breakfast nook, living room, 2 BED/2 FULL BATHS, laundry room. Brand new appliances, laminate floors, pristine light fixtures and granite counter tops. Unit #2 (872 SF) has been fully renovated as well 1B/1 FULL BATH. Low taxes no HOA. Property is centrally located in Lake Elsinore close to shops, schools, restaurants, and freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T00:29:12.203. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84258346

    212 E Graham Avenue Lake Elsinore, CA 92530

    • Price: $430,000
    • Status: Active Under Contract
    • Updated: 157 min ago
    • ID#: SW18128133
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,115
    SQFT
    $203
    $/SQFT
    1957
    Built
    Neighborhood:
    234 - Lake Elsinore East
    County:
    Riverside
    Area:
    234 - Lake Elsinore East
    Property Description
    Immediate Income Potential Opportunity. CAP RATE of 5.79%. Beautifully fully remodeled Home Income Complex. TWO SEPARATE METERS. R3 ZONE. You can build a third Unit for Extra Income!!Two units, plus a detached garage with separate door. Huge Lot 8712 SF. Two minute walk to downtown Lake Elsinore. Inside Unit #1 (1,243 SF) you will find a spacious kitchen with breakfast nook, living room, 2 BED/2 FULL BATHS, laundry room. Brand new appliances, laminate floors, pristine light fixtures and granite counter tops. Unit #2 (872 SF) has been fully renovated as well 1B/1 FULL BATH. Low taxes no HOA. Property is centrally located in Lake Elsinore close to shops, schools, restaurants, and freeways.
    Exterior Features

    Carport Spaces 2.00 Garage Spaces 1.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No Roof Tile

    Interior Features

    Appliances 6 Burner StoveGas Stove Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features None Fireplace YN No Heating See Remarks Heating YN Yes Interior Features Built-InsGranite Counters Laundry Features Dryer IncludedWasher Included Levels Multi/Split Room Type All Bedrooms DownKitchenLaundryLiving RoomMain Floor BedroomMain Floor Master Bedroom

    Property Features

    Accessibility Features Parking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.79 Community Features Street Lighting Country Us Electric Standard Electric Expense 1.00 Elevation Units Feet Fuel Expense 5.00 Garage Income 600.00 Garage Rental Rate 50.00 Gross Income 600.00 Gross Scheduled Income 28800.00 Insurance Expense 681.00 Land Lease YN No Laundry YN Yes Net Operating Income 24901.00 New Taxes Expense 1990.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 0 Number Wall AC 2 Number With Carpet 0 Number With Dishwasher 2 Number With Disposal 2 Number With Drapes 0 Number With Patio 2 Number With Range 2 Number With Refrigerator 2 Operating Expense 3923.00 Other Expense 1128.00 Other Expense Description 4% Vacan Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 3600.00 Total Expenses 3899.00 Trash Expense 1.00 Vacancy Allowance 1128 Vacancy Allowance Rate 4.00 Water Sewer Expense 50.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Alyssa Wichterman of Allison James Estates & Homes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T00:29:12.203. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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