Est. cap rate

5.5%

Assumed rent, all units

$6,630/mo

Units

3

Price per unit

$239,667

Est. annual NOI

$39,780

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,173 sqft

Lot size

17,860 sqft

Year built

1962

Stories

1

Garage spaces

0

Heating

Central

Pool

None

Status

Active

Days on market

17

MLS #

245311497

About this property

Discover a unique investment opportunity in Lake Elsinore with this versatile three-unit property. Ideal for investors or owner-occupants, the property offers multiple income-producing possibilities—live in one unit while renting the others, accommodate extended family, or add a multifamily asset to your portfolio. Each residence provides private living space, while the property’s location offers convenient access to shopping, dining, recreation, major roadways, and Lake Elsinore’s scenic waterfront. With strong rental potential and flexible living arrangements, this triplex is an opportunity you won’t want to miss. Buyer to verify all unit details, permits, square footage, zoning, and rental information.

Location

305 Line Street

Lake Elsinore, Riverside, CA, 92530