
Lake Elsinore, California 92530
This New Construction Quadruplex represents a High-Potential Investment Opportunity, listed at $1,399,999—positioned well below the $1,446,003 Fair Market Value by 3%. This valuation gap offers $46,004 in Instant Equity. Featuring a Mint Condition Rating, this 2024 build includes modern energy-efficient systems and approved plans for two additional units. With stable cash flow and significant value-add potential, this asset is perfectly suited for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a secure, turnkey income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 415 N Main Street Subject | $1,399,999* List Price | 0 | 0 | 3,829 | $378 | - |
A 249 E Graham Active | $1,200,000 List Price | 7 | 4 | 2,958 | $406 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand new 2024 construction in mint condition. It features modern kitchens with white shaker cabinetry and stone countertops, contemporary bathrooms with updated tile work, and energy-efficient mini-split HVAC systems. As a new build, it requires no maintenance and is fully move-in ready.
Built in 2024, this property features modern energy-efficient systems, durable materials, and contemporary finishes, significantly reducing immediate capital expenditure and ongoing maintenance costs for investors.
The asset includes approved site plans and elevations for two additional units, providing a clear and immediate path to increase density, rental income, and overall property valuation.
With a track record of low vacancy, stable net operating income, and professional management options, this quadruplex is an ideal candidate for 1031 exchange buyers seeking a secure and reliable income stream.
The property lacks the lake or mountain views often sought after in the Lake Elsinore market, which may slightly limit its competitive positioning compared to premium-view residential assets.
At a list price of nearly $1.4 million, the initial capital requirement is substantial for the area, potentially impacting the immediate cash-on-cash return for investors not utilizing the expansion potential.
Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos 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 elevations 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,829 | - |
| Lot Size | 13,488 | - |
| Price | $1.40M | $553.1K |
| Price per sq ft | $366 | $400 |
| Built year | 2024 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 145 |
Jun 23, 2026
$1,399,999
Initial Listing
May 12, 2021
$100,000
Public Record
Jan 26, 2012
$14,000
Public Record
Jul 25, 2006
$130,000
Public Record