415 N Main, Lake Elsinore, California 92530, Lake Elsinore, 92530 - bed, bath

415 N Main
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 415 N Main, Lake Elsinore, California 92530 is currently available with a list price of $1,400,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand new construction property, built in 2024, as explicitly stated in the description and confirmed by the images. All units feature modern, contemporary finishes, including sleek white kitchens with quality cabinetry, new countertops, and modern black fixtures. The bathrooms are stylish with new vanities, fixtures, and tile work. The property boasts new laminate flooring throughout, energy-efficient mini-split AC units, and solar panels, indicating all components are new, meet current quality standards, and have no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction (2024)
As a newly built property, it offers modern amenities, energy efficiency, and significantly reduced immediate maintenance costs, appealing to both tenants and investors.
- Multifamily Investment
This 4-unit property provides diversified income streams, enhancing investment stability and reducing risk compared to single-unit properties.
- High Rental Demand & Low Vacancy
The property boasts a 'strong rental demand' and 'very low-vacancy track record,' ensuring consistent cash flow and reliable tenant occupancy.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13504, other record lot size in square feet = 9147.
- Lack of Detailed Financials
The listing mentions 'steady NOI' and 'consistent cash flow' but lacks specific rental income figures, operating expenses, or a detailed pro forma, requiring extensive due diligence for investors.
- Market Specificity & Growth
While described as 'desirable,' the specific long-term growth trajectory and competitive landscape of the Lake Elsinore rental market are not elaborated, which may require further research for some investors.
About 415 N Main
Exceptional 4-unit multifamily property (NEW CONSTRUCTION encopassing 2 diffrent and continious 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 options, 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. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 2024
- Lot Size
- 13,504 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,829 | 2,310 | 67% |
| Lot Size | 13,504 | 13,504 | 50% |
| Price | $1.40M | $725.0K | 67% |
| Price per sq ft | $366 | $314 | 67% |
| Built year | 2024 | 1976 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 150 | 33% |
Pricing History
Listed for Sale
Dec 16, 2025
$1,400,000
Initial Listing
Sold
May 12, 2021
$100,000
Public Record
Sold
Jan 26, 2012
$14,000
Public Record
Sold
Jul 25, 2006
$130,000
Public Record
Sold
Jan 15, 2003
$17,500
Public Record






























