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

415 N Main, Lake Elsinore, California 92530 home-pic-0

415 N Main

Lake Elsinore, California 92530

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,829Sq Ft
13,504Lot Size

Property Price

LIST PRICE$1,400,000

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

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,8292,310
67%
Lot Size13,50413,504
50%
Price$1.40M$725.0K
67%
Price per sq ft$366$314
67%
Built year20241976
67%
HOA$0$0
50%
Days on market81150
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

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