Est. cap rate

5.7%

Assumed rent, all units

$5,240/mo

Units

2

Price per unit

$275,000

Est. annual NOI

$31,440

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

Duplex

Bedrooms

4

Bathrooms

2

Building size

2,492 sqft

Lot size

0.17 sqft

Year built

1978

Stories

1

Garage spaces

2

Cooling

See Remarks

Pool

None

View

Mountain(s),Neighborhood,Hills

Status

Active

Days on market

0

MLS #

248930841

About this property

DUPLEX OPPORTUNITY! Be your own landlord and potentially start with one tenant in place? Explore this single-story duplex with Ortega Mountain views in the Lakeside community of Lake Elsinore. Located on a corner lot in the heart of the Village, the property is within reach of boat launches, the baseball stadium, shopping, restaurants, and other local attractions. Each unit has two bedrooms and one full bathroom, along with a front entry and a rear door leading to its own fenced backyard. The property has separate water, electric, and gas meters for each unit. One unit is tenant occupied and needs renovation. One unit is recently renovated. Centrally located with access to Los Angeles, Orange, and San Diego counties. Take a drive by today and see if this property fits your investment plans. Bring your offers! Short sale subject to lender approval. Please do not disturb the tenant. Ideally buyer will keep the tenant in place.

Location

33140 Lorimer Street

Lake Elsinore, Riverside, CA, 92530