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415 N Main Street

Lake Elsinore, CA 92530
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Bed 8

Bed

Bath 4

Bath

SqFt3,829

Sqft

SqFt9,148

Sqft(Lot)

Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management opti ons, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. Opportunity for developing an additional 2 units exists. Site plan and elevations have been approved by the City of Lake Elsinore. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,399,999

AD Id : 85765551

MLS Id : SW26136020

Beds : 8

Lot Size : 9,148 Sq. Ft

Living Area Size : 3,829 Sq. Ft

Year Built : 2024

County : Riverside

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Ductless Has Cooling: Yes Cooling: Ductless

  • Building Information

    Year Built: 2024
    Building Area Total: 3829
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 9148 Lot Size Acres: 0.21 Lot Size Source: Assessor Lot Size Square Feet: 9,148

  • Listing Price Information

    Listing Price: $1399999
    Cash, Conventional, 1031 Exchange, FHA, VA Loan

  • Tax Information

    Parcel Number: 374063010 Tax Lot: 15 Tax Block: 83

  • Location Information

    Direction: On Main St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
305 Line Street, Lake Elsinore, CA, 92530 $719,000 7 4 -- 17,860 Sq. Ft
905 W Sumner, Lake Elsinore, CA, 92530 $999,900 6 6 -- 7,841 Sq. Ft
17797 Grand A & B, Lake Elsinore, CA, 92530 $462,530 2 2 800 3,920 Sq. Ft
17797 Grand A & B, Lake Elsinore, CA, 92530 $462,530 2 2 -- 3,920 Sq. Ft
835 Quail, Lake Elsinore, CA, 92530 $459,000 3 2 1,251 3,049 Sq. Ft

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ByOwner last updated this listing 10/07/2026 @ 22:50

MLS: SW26136020 LISTED BY: Jose Marin, Marin Realty Group 951-657-4400 SOURCE: CRMLS

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