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PROPERTIES FOR
SALE
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| Multifamily |  |
|  | | 4 two-story condo style units | | Status: | Available | | Address: | 679 & 681 Woodcrest Dr |
| City, State: | Lake Elsinore, CA | | Size: | 5,018 SF | | Price: | $ 890,000 | | Price / SF: | $ 177.36 | | Cap Rate: | 5.07 % | |
Property Description
A great opportunity to acquire 4 two story condo style apartment units with 100% occupancy and potential for condo conversion. Immediate potential to increase rents, or resell units as condos (Confirm with City of Lake Elsinore). Price per unit is substantially less than what current market will support on resale basis.
Attractive and well kept units in the heart of new development. Units deliver quick freeway access and strong unit mix; 1 - 3 Bed 2 Bath, 1 - 2 Bed 2 Bath with Den & 2 - 2 Bed 2 Bath units. Each comes with own garage. Adjacent to new successful Parkview Townhomes, new 80+ unit SFR development and highly vibrant and growing "4 Corners" (Riverside Blvd & Lakeshore Dr.)
Under no circumstances is the buyer or buyer's agent to contact, communicate with or disturb the tenants.
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Location Description
Immediate area is currently undergoing tremendous high quality development activity with new restaurant/retail services (Viscaya) being added. Long standing Stater Bros. & Albertson's anchored shopping centers within one mile of property. New Rite Aid is soon to be developed. Property is within minutes of Lake Elsinore, recreation park facilities, I-15 and Hwy 74.
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Zoning Description
Residential
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| | Land | |
|  | | 6 acres in Mariposa | | Status: | Escrow | | Address: | State Highway 49 S. |
| City, State: | Mariposa, CA | | Size: | 261,360 SF | | Price: | $ 261,000 | | Price / SF: | $ 1.00 | | Cap Rate: | N/A | |
Property Description
Beautiful flat with gently sloping 6 acres located near the fairgrounds of downtown Mariposa. Property is accessed by way of easement. Great property for private secluded residence. Subject is far enough away from the "path of progress" but close enough to town for all the conveniences. Build your vacation or "get away" home or retire in beauty!
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Location Description
Located East of Highway 99 off Highway 140 and 49 just north of Fresno. Property also has easy access to Yosemite National Park.
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Zoning Description
Residential
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| | Residential | |
|  | | 6 Units with approval to add 7 more / condo conv. | | Status: | Available | | Address: | 16420 Joy st. |
| City, State: | Lake Elsinore, CA | | Size: | 6,000 SF | | Price: | $ 1,475,000 | | Price / SF: | $ 245.83 | | Cap Rate: | 8.31 % | |
Property Description
Under no circumstances is the buyer or buyer's agent to contact, communicate or disturb the tenants.
Property consists of 6 recently renovated existing units along with vacant land behind the property with approval to build / add an additional 7 units. Also property has very high potential for condo conversion. This is a great "Value Add" opportunity for the right buyer.
Property is located in its own private enclave with each 3B/2B unit coming with its own garage and balcony. The property has ample parking. Rents have great upside potential. Lot size is .78 Acre. Dim. 100 ft. x 341 ft.
Please note that the financials are proforma based on adding 7 units.
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Location Description
Property immediate and convenient access to Interstate 15 via "4 Corners" (Lakeshore Dr. & Riverside Dr. also known as Hwy 74) adjacency. 4 Corners is currently undergoing tremendous high quality development activity with new restaurant/retail services being added. Long standing Stater Bros. & Albertson's anchored shopping centers within one mile of property. New Rite Aid is soon to be developed. Property is within minutes of Lake Elsinore and recreation park facilities.
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Zoning Description
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| | Land | |
|  | | 2.50 Acres Potential Mixed Use Land Comm / HD Res | | Status: | Available | | Address: | |
| City, State: | Lake Elsinore, CA | | Size: | 108,900 SF | | Price: | $ 1,500,000 | | Price / SF: | $ 13.77 | | Cap Rate: | N/A | |
Property Description
2.5 Acres on Lakeshore Dr. a main road to & from Interstate 15 via Riverside Dr. (Hwy 74) and Lake St. Property has immediate proximity to Albertson' s & Stater Bros. shopping centers at 4 Corners as well as the new Viscaya Village Center currently under construction. Viscaya residential development is at or near builder close-out. Subject property is also immediately adjacent to the soon to be developed Lakeshore Pointe which shall be anchored by Rite Aid and other retail shops. Lakeshore Pointe is currently in pre leasing.
Property is currently zoned C-P Commercial Park District. City of Lake Elsinore is considering "Mixed Use" zoning upon completion of General Plan Overlay with expected completion Q2-Q3 2007. Anticipate approx. first 170 ft. to be Commercial with back portion to be High Density Residential.
Buyer is to verify all utilities & availability, size, corner identification, zoning, permitted use, CUP's, disclosure of natural hazards, ingress & egress to buyer's satisfaction.
Please call for term details.
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Location Description
The Lake Elsinore Valley has become one of the fastest growing areas in Southern California. It has become a virtual "hot spot" for retail, residential, light industrial and commercial growth. The Valley provides businesses the perfect climate for growth and development.
Located at the key intersection of Lakeshore Dr and Riverside Dr (Hwy 74) otherwise know as "4 Corners" the subject property is located on a key arterial connecting allowing local residents access Interstate 15 via Riverside Dr. and or Lake St.
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Zoning Description
Currently C-P / City Considering Mixed Use Commercial / High Density Residential
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