
Lake Elsinore, California 92530
Analysis of 415 N Main, Lake Elsinore, California 92530 is currently available with a list price of $1,299,999. 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.
This is a brand-new 2024 construction. It features mint-condition interiors with modern kitchens, contemporary bathrooms, energy-efficient mini-split HVAC systems, and solar panels, requiring zero maintenance.
Built in 2024, this property offers modern energy-efficient systems, contemporary finishes, and low immediate maintenance requirements, ensuring lower operating expenses for the owner.
The property includes approved site plans and elevations for two additional units, providing a rare and immediate opportunity to increase density and maximize future rental income.
With a stable tenant history and modern open-concept layouts, this asset is perfectly positioned for 1031 exchange buyers seeking a secure, income-generating replacement property.
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.
The property has undergone multiple price reductions from its original $1.4M list price, suggesting the initial valuation was high for the current Lake Elsinore market conditions.
As a premium new-construction asset, maintaining high occupancy at top-market rents is essential to justify the investment, which may be challenging during local economic shifts.
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. Opportunity for developing an additional 2 units exists. Site plan and eleveations 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,829 | 2,310 | 67% |
| Lot Size | 13,504 | 39,204 | 33% |
| Price | $1.30M | $725.0K | 67% |
| Price per sq ft | $340 | $340 | 50% |
| Built year | 2024 | 1986 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 196 | 33% |
Mar 14, 2026
$1,299,999
$1,380,000
-6% Price Drop
Initial Listing
Mar 9, 2026
$1,380,000
$1,400,000
-1% Price Drop
Initial Listing
Dec 16, 2025
$1,400,000
Initial Listing
May 12, 2021
$100,000
Public Record
Jan 26, 2012
$14,000
Public Record
Jul 25, 2006
$130,000
Public Record
Jan 15, 2003
$17,500
Public Record