411 413-415 N Main, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
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Lake Elsinore, California 92530
Analysis of 411 413-415 N Main, Lake Elsinore, California 92530 is currently available with a list price of $880,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite the discrepancy in the 'year_built' (likely a renovation completion date for older Craftsman structures), the property's interiors have undergone a very recent and extensive renovation. The kitchens feature new, basic cabinets and countertops, and the bathrooms are updated with new vanities, fixtures, and tub surrounds. New wood-look laminate flooring is installed throughout, and walls are freshly painted. All visible components appear new or virtually new, making the property move-in ready with no deferred maintenance.
This 3-unit multifamily property boasts stable tenants, consistent income, and strong rental demand, positioning it as an excellent addition to any investment portfolio.
Opportunities exist for rent optimization, strategic improvements, and modernization across the units, allowing for enhanced returns and increased property value.
Positioned in an established neighborhood with convenient access to major amenities, transit, and employment hubs, the property appeals to a broad tenant base seeking affordability and character.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =27005, other record lot size in square feet = 13503. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6263, other record living area = 783.
The current list price of $880,000 represents a significant reduction from the original list price of $2,280,000, which warrants further investigation into the initial pricing strategy or market conditions.
The listed year built of 2024 appears to conflict with descriptive terms such as 'classic Craftsman style,' 'original architectural details,' and 'vintage charm,' requiring clarification on the property's true age or the extent of recent renovations.
Exceptional 3-unit multifamily property offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This 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. The classic Craftsman style (3 separate unit buildings) offer character, functionality, and excellent long-term potential for investors or owner-occupants. Featuring well-proportioned units with original architectural details, the property blends vintage charm with practical living spaces. Each unit provides ample natural light, cozy layouts, and opportunities for thoughtful updates or value-add improvements. The buildings have been maintained over the years and offers steady rental income, with room to enhance returns through modernization or strategic renovations. Located in an established neighborhood close to amenities, transit, and employment hubs, this property appeals to tenants seeking affordability and character.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 6,263 | 3,707.5 | 50% |
| Lot Size | 27,005 | 45,301.5 | 50% |
| Price | $880.0K | $765.0K | 50% |
| Price per sq ft | $141 | $352 | 50% |
| Built year | 2024 | 2000 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 181 | 268 | 50% |
Dec 17, 2025
$880,000
$2,280,000
-61% Price Drop
Initial Listing
Dec 8, 2025
$2,280,000
Initial Listing
Nov 23, 2021
$375,000
Public Record
Jun 5, 2020
$315,000
Public Record
May 31, 2005
$264,000
Public Record