111 S Lindsay St - Apartments FOR SALE


Lake Elsinore, CA 92530
$999,000 USD
909-936-5380
111 S Lindsay St, Lake Elsinore, CA for Sale
$999,000 USD
Apartments - FOR SALE
1/8
null | 6.37% Cap Rate

111 S Lindsay St
Lake Elsinore, CA 92530


HIGHLIGHTS

  • Quadruplex offering four individual units
  • Located near Lake Elsinore waterfront
  • Features newer roof and updates
  • Includes on-site coin laundry facility

OVERVIEW

The quadruplex at 111 S Lindsay St, Lake Elsinore, CA 92530 presents an attractive investment opportunity in the heart of Old Town Lake Elsinore. Built in 1917 and offering approximately 2,310 square feet of living space, the property consists of four well-maintained one-bedroom, one-bathroom units. Each residence delivers steady tenant appeal supported by an ideal central location, just moments from Main Beach, public boating access, and local recreation areas. This multi-family asset includes an on-site laundry room equipped with Speed Queen coin-operated machines, generating additional income potential. Exterior improvements highlight low-maintenance features such as artificial turf, decorative rock accents, hardscaping, and a newer roof. A rear parking lot accommodates up to five vehicles, with space for a potential sixth spot, providing convenience for residents. The property also benefits from a solar lease, enhancing energy efficiency and reducing operational costs. Positioned near shopping, dining, and Lake Elsinore’s vibrant waterfront, this quadruplex appeals to investors seeking long-term value with in-place income and the potential for consistent tenancy. Its blend of historical character and practical upgrades ensures strong marketability for years ahead.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

4

PRICE/UNIT

$249,750

CAP RATE

6.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R2

APN/PARCEL ID

374-242-013

ASK ABOUT THIS PROPERTY

Christine SmithBerkshire Hathaway California PropertiesMore Info
909-936-5380

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Christine SmithBerkshire Hathaway California PropertiesMore Info
909-936-5380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.