17
See all 17 photos
$4,700,000
Est. payment /mo
4 Beds
4 Baths
1.75 Acres Lot
New
33071 Santa Rosa Lake Elsinore, CA 92530
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26225634
Bedrooms 4
Lot Size 1.753 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Santa Rosa Mountain Villas is a unique and highly leasable 18-unit multifamily community built in 1987, comprising approximately 17,640 square feet of rentable space. The property consists of three identical two-story apartment buildings, each with a separate legal address (33071/33081/33091), situated on an approximately 56,628-square-foot lot. Also included in the offering is an additional contiguous, undeveloped 19,750-square-foot parcel featuring approximately 62 feet of frontage on Grand Avenue, property signage, and a sewer connection. Together, the parcels comprise approximately 1.75 acres, providing potential opportunities for the development of additional units on the improved parcel and/or the adjoining outparcel, subject to applicable zoning, entitlements, and governmental approvals. Each building contains six two-story, townhome-style residences and a laundry room providing additional owner income. Each approximately 980-square-foot unit features two bedrooms, one-and-one-half bathrooms, a private enclosed rear patio, central HVAC, and an individual water heater. Nearly all residences feature vinyl plank flooring throughout the first floor and upstairs full bathroom. In recent years, several units have received additional interior upgrades, including quartz or granite countertops in kitchens and bathrooms, as well as stainless-steel gas ranges, microwaves, and dishwashers. With its combination of townhome-style floor plans, substantial parking, lake and mountain views, operational efficiencies, additional land, and possible future development potential, Santa Ro
Location
State CA
County Riverside
Zoning Assessor
Direction Grand Ave. and Santa Rosa Dr.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 381290018
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by DAVID MATTA, DRE#01403332 REALTY MASTERS & ASSOCIATES
NEARBY SCHOOL & BUSINESS