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315 Lookout Drive, Lake Elsinore, CA

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315 Lookout Drive

SWC of Lookout Dr. & E. Pottery St.
Lake Elsinore, CA 92530-3977 - Outer SW Riverside County/Temecula MF Submarket

Property Type:Multi-Family Number of Units:20 Status:Existing Year Built:1954
Stories:1 Building Size:9,000 SF Land Area:1.05 AC (45,738 SF)
For Sale Price:$1,750,000 Price/Unit:$87,500.00 Cap Rate:6.01 % GRM:-

Parking:1.11 Parking Spaces / 1,000 SF

Sale Notes:
Marcus & Millichap, as the exclusive listing agent, is 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 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), laundry room upgrades, and exterior paint on all buildings.

Marcus & Millichap Inc
Sean Hwangbo
(909) 456-3400

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