18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
18487 Grand, Lake Elsinore, CA 92530
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Zach Arrington

Zach Arrington

+1(619) 374-5339
$ 624,999
Est. payment | /mo

7 Beds

4 Baths

1,080 SqFt

Save
$ 624,999
Est. payment | /mo
Save

7 Beds

4 Baths

1,080 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $578

MLS Listing ID SW26213355

Bedrooms 7

Full Baths 4

Year Built 1925

Lot Size 0.820 Acres

Property Sub-Type Detached

Property Description

Discover an exceptional multi-unit investment and development opportunity located at 18487 Grand Ave in Lake Elsinore. Offered at $624,999, this unique property sits on over 3 acres of beautiful, development-ready land, presenting a rare blend of immediate rental income potential and expansive space to realize a grander vision. This versatile property features four total income-producing units, providing a highly desirable mix for seasoned investors or those looking to offset their mortgage. The residential layout includes two one-bedroom, one-bathroom units, a comfortable two-bedroom, one-bathroom unit, and a spacious three-bedroom, two-bathroom home. This flexible arrangement is perfect for generating multiple streams of cash flow or accommodating multi-generational living. Nestled in a great central location, the sprawling three-plus acre lot serves as the perfect canvas to build your dream home or expand your real estate portfolio. Residents will enjoy stunning, panoramic mountain views and a peaceful atmosphere while remaining conveniently close to local shopping, dining, and community amenities. Whether you are looking for a cash-flowing asset or the perfect site to make your development dreams come true acre by acre, this property delivers unbeatable value and potential. Opportunities featuring multiple units on this much usable land are incredibly rare. Don't miss your chance to secure a significant piece of Lake Elsinore real estate!

Location

State CA

County Riverside

Direction Grand Right on Mercedeh Dr

Interior

Heating Forced Air Unit

Fireplace No

Exterior

Fence Chain Link

View Y/N Yes

Water Access Desc Public,Well

View Mountains/Hills

Roof Type Composition

Accessibility None

Building

Story 1

Sewer Public Sewer

Water Public, Well

Level or Stories 1

Others

Senior Community No

Tax ID 371200026

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Christopher Metcalf, DRE#01946751 Inland Valley Realty 
Co-listed byNON LISTED OFFICE

Nearby Locations

Zach Arrington

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 374-5339

zach@zarealtygroup.com

1420 Kettner Blvd suite 100, San Diego, California 92101, USA

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18487 Grand