Millman Team Real Estate

$1,400,000
0.31 Acre Lot

415 N Main, Lake Elsinore, California 92530

  • Residential Income Property Type
  • 2024 Year Built
Property Description

Exceptional 4-unit multifamily property (NEW CONSTRUCTION encopassing 2 diffrent and continious parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements.

With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy.

Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents.

A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

Basic Details
Residential Income
For Sale
SW25277146
$1,400,000
2024
0.31 Acre
Active
1
1
Quadruplex
Features
: None
: Ductless
: Ductless
: None
: Inside, Laundry Room
: Public Sewer
$0
Address Map
CA
Riverside
Lake Elsinore
92530
Main
415
On Main St.
SRCAR - Southwest Riverside County
N
Additional Information
$0
$0
$0
$0
$0
3829
: Urban
1
: Two
4
2025-12-16
2
2
: Public
Broker/Agent Information
Marin Realty Group
Jose Marin
Listing Information
TMARINJO
SWMRG301
Cash,Conventional,1031 Exchange,FHA,VA Loan
Active
2025-12-20T14:41:36Z
CRMLS
: Standard
2025-12-16T20:24:01Z
Agent info
Ray Millman
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