18487 Grand, Lake Elsinore, CA 92530
- $624,999
- 7
- BD
- 4
- BA
- 1,080
- SqFt
- List Price
- $624,999
- Status
- COMING SOON
- MLS#
- SW26213355
- Year Built
- 1925
- Bedrooms
- 7
- Bathrooms
- 4
- Living Sq. Ft
- 1,080
- Lot Size
- 35,719
- Acres
- 0.82
- Lot Location
- Back Yard, Horse Property, Rectangular Lot, Ranch
- Days on Market
- 1
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
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!
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- View
- Mountain(s)
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public, Well
- School District
- Lake Elsinore Unified
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Coming Soon
- Yes
- Levels
- One
- School District
- Lake Elsinore Unified
Listing courtesy of Listing Agent: Christopher Metcalf (Chris@teammetcalf.com) from Listing Office: Inland Valley Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.