Listing Provided Courtesy Of:
Joseph Shmurak with Key Home Group - 9496781001
Address
18574 Collier Avenue Lake Elsinore, CA
Price
$ 1,999,000
Property Attributes
  • MLS#OC21259182
  • TypeIncome
  • CountyRIVERSIDE
  • CityLake Elsinore
  • Zip92530
  • Style
  • Price$ 1,999,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2524
  • Lot Size1.17 Acres
Listing Provided Courtesy Of:
Joseph Shmurak with Key Home Group - 9496781001
Data Source:
California Regional MLS (CRMLS)
Property Description

Zoned commercial. 1.17 acres between Collier Avenue and the I15 freeway. 1204 square house on the property built in 1952. The house is completely updated and is a rental $1,830 per month. 500 square back house on the property built in 1975. The back property is rented for $830 per month. There is an 800 square foot industrial building on the lower part of the property. There is a working well on the property, and the property is not currently connected to city water. There is a freeway sign on the property. The sign is owned by LAMAR Advertising, and Lamar pays approximately $16,500 per year in sign rental. Current estimated yearly income is ($1830*12 + $830*12 +$16500) = $48420

Price History
12/10/2021 Listed $1,999,000

General Features

Community Features Rural
Garage Spaces 4
Garage Y/N Yes
Heating None
Levels One
Listing Agent Joseph Shmurak - BRE#01326729
Listing Agent State License 01326729
Lot Size Square Feet 50965.2
MLS Area 699 - Not Defined
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Sewer Septic Type Unknown
Special Listing Conditions Standard
Status Active
Stories 1
Terms Cash, Cash to New Loan
Total Actual Rent 48420
Total Units 3
Water Sewer Expense 50
Zoning RR

Interior Features

Common Walls No Common Walls
Laundry Features None

Exterior Features

Lot Features 0-1 Unit/Acre, Value In Land
Lot Size Acres 1.17
Lot Size Area 1.17
Lot Size Source Assessor
Lot Size Units Acres
Number of Buildings 3
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 3
Total Parking 4
Water Source Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92530

Price
AVG $940K
$2M
Visits
AVG 146
88
Year Built
AVG 1954
1953
Walkscore
AVG 59
38
Data Provided by Walkscore ® not using MLS data

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