Property listed by Circle Real Estate, Eric Baskett 310-564-6640
$653,000
Exceptional investment opportunity in Lake Elsinore! Priced at $699,000, this property includes plans that have already been submitted to the city for approval and are Currently Under Review to convert the existing structure into a modern 4-plex, with each of the four units featuring three bedrooms and two bathrooms.… Read More The building offers a total of 4,194 sqft of living space, set on an 11,326 sqft lot in a prime R-3 High-Density Residential Zone, ideal for multi-family projects. Also there is a new ADU rule from Jan 2025, AB 1211, which will now allow 1 ADU for each unit. So this property can now have 4 small detached ADUs.
This property boasts scenic views of Lake Elsinore and the Ortega Mountains, and is close to Lake Elsinore Beachfront Park, the casino, and Diamond Stadium.
In addition to this property, two adjacent lots may be available for purchase at the right price, expanding the investment potential even further.
Don't miss this rare opportunity—schedule a viewing today! Read Less
Listing Snapshot
Days Online
30
Last Updated
Property Type
Quadruplex
Lot Size
0.26 Acres
Year Built
1941
MLS Number
SB24228360
Additional Details
Building
Built in 1941, 1 building, 1 storey, Levels: One, Entry level: 1, Entry location: Seperate for each unit
Community
Lake
Cooling
CentralAir
Heating
Central
Home Owner's Association
Association Fee: $0
Laundry
None
Lot
0.26 acres, StreetLevel
Parking
8 open parking spaces, 8 total parking spaces, Asphalt, Driveway
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ericbaskett.com
January 11, 2026
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