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17739 Grand Avenue

Lake Elsinore, CA 92530
  • $1,000,000
  • STATUS: Active
  • ON SITE: 78 Days
  • ID#: IV21202173
UPDATED: 106 min ago
$1,000,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing provided courtesy of Brad Alewine of Compass

Description

17739-17741 Grand Ave, Lake Elsinore, CA 92530 (Riverside County unincorporated). 3,200 SF two-story mixed-use asset, featuring two 800 SF retail units on the first floor and two 800 SF 2 Bed-1 Bath apartments. The propertys large 0.20 AC lot allows for ample separate retail and residential parking, as well as a large shared backyard for its residents. This property represents a terrific value-add opportunity for a potential investor who can lease retail units while enjoying the immediate cash flow from the fully occupied residential units. The subject property benefits from its close proximity (walking distance) to Lake Elsinore, a major tourist destination for Southern California offering boat launches, campgrounds, fishing and parks with swimming beaches as well as strong average household incomes (70,000- 87,000 within a 1-5 mile radius). The property sits in Lakeland Village, a small community in an unincorporated section of Riverside County and is located between the cities of Lake Elsinore and Wildomar. In recent years, the County of Riverside adopted ordinances to permit commercial cannabis activities within unincorporated areas of Riverside. Under the adopted regulations, 17739-17741 Grand Ave potentially qualifies for multiple uses, including retail, distribution, or cannabis micro-business. The property's potential cannabis uses make it perfect for investors looking for tenants that pay a premium on rent or an operator interested in opening a business in an area with long-term upside potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T00:26:23.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/121395281
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17739 Grand Avenue Lake Elsinore, CA 92530

  • Price: $1,000,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 106 min ago
  • ID#: IV21202173
0
Beds
0
Baths
0
½ Baths
0.09
Acres
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
17739-17741 Grand Ave, Lake Elsinore, CA 92530 (Riverside County unincorporated). 3,200 SF two-story mixed-use asset, featuring two 800 SF retail units on the first floor and two 800 SF 2 Bed-1 Bath apartments. The propertys large 0.20 AC lot allows for ample separate retail and residential parking, as well as a large shared backyard for its residents. This property represents a terrific value-add opportunity for a potential investor who can lease retail units while enjoying the immediate cash flow from the fully occupied residential units. The subject property benefits from its close proximity (walking distance) to Lake Elsinore, a major tourist destination for Southern California offering boat launches, campgrounds, fishing and parks with swimming beaches as well as strong average household incomes (70,000- 87,000 within a 1-5 mile radius). The property sits in Lakeland Village, a small community in an unincorporated section of Riverside County and is located between the cities of Lake Elsinore and Wildomar. In recent years, the County of Riverside adopted ordinances to permit commercial cannabis activities within unincorporated areas of Riverside. Under the adopted regulations, 17739-17741 Grand Ave potentially qualifies for multiple uses, including retail, distribution, or cannabis micro-business. The property's potential cannabis uses make it perfect for investors looking for tenants that pay a premium on rent or an operator interested in opening a business in an area with long-term upside potential.
Exterior Features

Lot Features Street Level

Property Features

Additional Parcels YN No Business Type Mixed Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms Cash To New Loan Number Of Units Leased 2 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T00:26:23.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing provided courtesy of Brad Alewine of Compass