$2,300,000
For Sale

801 W Graham Avenue #1-5

Lake Elsinore, CA 92530
0.33 acres | #IG24178554
Listing OfficeSandee Hwang-Smith, Broker

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Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Fantastic income opportunity in the thriving city of Lake Elsinore! This property includes 5 brand-new units across 3 buildings—one fully detached and two pairs of attached condos. The detached unit is 1,983 sq ft (Unit #5) and the attached units are identical floor plans and are each 1,573 sq ft (Units 1-4). You can live in one unit and rent out the remaining four. Each home is designed with a primary ensuite, luxury vinyl tile, quartz countertops plus open lofts. The primary bathrooms all feature a free standing soaking tub plus a walk-in shower. Each home has custom window blinds installed. The open-concept layout seamlessly connects the kitchen, living room, and dining area. The detached unit includes a large kitchen island and a balcony off the primary bedroom. Plus, the solar system is fully owned and paid for. Positioned on a corner lot, the property offers two separate access points. Each unit can be purchased separately-attached units #1-4 for $450,000 each and detached unit #5 for $500,000. Montly HOA fees are Units #1-4 at $313.02 each and Unit#5 $355.47.
Just one block from Elm Grove Beach and the stunning 3,000-acre natural lake, you'll be close to endless recreational activities. Enjoy a game with the Lake Elsinore Storm, a Minor League Baseball team affiliated with the San Diego Padres. Whether it's skydiving, hang-gliding, baseball, golf, off-road racing, motocross, fishing, boating, jet skiing, water skiing, paintball, or skateboarding—Lake Elsinore has it all. Low taxes and no Mello-Roos. Photos are of Unit #5 and Unit #4.

  • Interior Details
      • InteriorHighCeilings, OpenFloorplan, QuartzCounters, RecessedLighting, AllBedroomsUp, PrimarySuite
  • Property Details
      • ViewLake, PeekABoo
      • Lot DescriptionCornerLot
      • Stories2
    • Measurements
      • Acres0.33
    • Parking
      • Parking Spaces6
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built2023
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyRiverside
  • Financial Details
      • Original List Price$2,300,000
    • HOA
      • Hoa Fees1607.55
  • Other
      • MLS #IG24178554

Location

Joshua HenryBerkshire Hathaway Home Services California Properties
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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