Last Updated: 12/5/2016 8:47 PM
Description for 315 Lookout Street Lake Elsinore, CA 92530
We are pleased to present Rancho Laguna, 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-bath and 4 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), 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 new owner 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.
Exterior / Lot Features
20 Parking Spaces,
Sidewalks, Street Lights
$173,400 Income ,$72,135Expense
Current market conditions for 315 Lookout Street
Active Market Trends
Median list price$349,900
Days on market91
Properties for sale245
Sold Market Trends
Median sold price$320,000
Sales to list price9,890.0%
Median sq ft price$162
Arrows indicate 90 day trend
Listing Price History for 315 Lookout Street
Lake Elsinore Real Estate
Lake Elsinore is located in California. Lake Elsinore, California 92530 has a population of 52,219.
The median household income in Lake Elsinore, California 92530 is $62,436. The median household income for the surrounding county is $57,096 compared to the national median of $53,046. The median age of people living in Lake Elsinore 92530 is 29 years.
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