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Rachell Lara

rachell@laraandco.com +1(619) 316-7445

$ 624,999

Est. payment | -/mo

7 Beds

4 Baths

3,300 SqFt

Save

$ 624,999

Est. payment | -/mo

Save

7 Beds

4 Baths

3,300 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $189

MLS Listing ID SW26213355

Bedrooms 7

Full Baths 4

HOA Y/N No

Year Built 1925

Lot Size 2.150 Acres

Property Sub-Type Single Family Residence

Property Description

Discover an exceptional multi-unit investment and development opportunity located at 18487 Grand Ave in Lake Elsinore. Offered at $624,999, this unique property sits on over 3 acres of beautiful, development-ready land, presenting a rare blend of immediate rental income potential and expansive space to realize a grander vision. This versatile property features four total income-producing units, providing a highly desirable mix for seasoned investors or those looking to offset their mortgage. The residential layout includes two one-bedroom, one-bathroom units, a comfortable two-bedroom, one-bathroom unit, and a spacious three-bedroom, two-bathroom home. This flexible arrangement is perfect for generating multiple streams of cash flow or accommodating multi-generational living. Nestled in a great central location, the sprawling three-plus acre lot serves as the perfect canvas to build your dream home or expand your real estate portfolio. Residents will enjoy stunning, panoramic mountain views and a peaceful atmosphere while remaining conveniently close to local shopping, dining, and community amenities. Whether you are looking for a cash-flowing asset or the perfect site to make your development dreams come true acre by acre, this property delivers unbeatable value and potential. Opportunities featuring multiple units on this much usable land are incredibly rare. Don't miss your chance to secure a significant piece of Lake Elsinore real estate!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Rooms

Main Level Bedrooms 7

Interior

Heating Central

Cooling None

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Driveway, Pull-through, RV Potential, RV Access/Parking, Unpaved

Fence Chain Link

Pool None

Community Features Lake

View Y/N Yes

View Mountain(s)

Roof Type Composition

Accessibility None

Private Pool No

Building

Lot Description Back Yard, Horse Property, Rectangular Lot, Ranch

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public, Well

Level or Stories One

New Construction No

Schools

School District Lake Elsinore Unified

Others

Senior Community No

Tax ID 371200026

Acceptable Financing Cash, Conventional, Submit

Horse Property Yes

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Christopher Metcalf Inland Valley Realty 951-285-0606, DRE #01946751

NEARBY SCHOOL & BUSINESS

+1(619) 316-7445

rachell@laraandco.com

1420 Kettner Blvd. # 100, Diego, CA 92101, USA

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San Diego Cities & Communities

18487 Grand Lake Elsinore, CA 92530