415 N Main Lake Elsinore, CA $ 1,400,000
415 N Main
$ 1,400,000
Recently Listed New Construction
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415 N Main

Lake Elsinore, CA, 92530
$ 1,400,000
Baths1.0 Sq 3,829

Monthly Estimate*

$ 8,734

Listed by Marin Realty Group
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Studio

Multi-Family Home for sale in Lake Elsinore, CA

for $1,400,000 with 1 full bath. This 3,829 square foot home was built in 2024 on a lot size of 0.31.

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.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.31

Year Built

2024

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

SW25277146

Days on Market

2

Features
General
Sewer Public Sewer
Heating Ductless
Cooling Ductless
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 2024
Tenant Pays Electricity
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 96600
Community Features Urban
Additional Parcels Description 374-063-011
County Riverside
Net Operating Income 78000
Operating Expense 18600
Insurance Expense 4200
New Construction true
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions On Main St.
City Lake Elsinore
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 13504
Listing Terms Cash Conventional 1031 Exchange FHA VA Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 4800
Fuel Expense 0
Trash Expense 2400
Water Sewer Expense 2400
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Property Sub Type Additional Quadruplex
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Interior
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside Laundry Room
Entry Level 1
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 13504
Number of Buildings 1
Building Area Total 3829
Lot Size Acres 0.31
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 0
Number of Separate Electric Meters 5
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* Excluded Features
List By
Marin Realty Group

Broker

jose.marin09@gmail.com

Email

Affordability Calculator

$8,734
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Monthly Principal & Interest
$8,734
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$1,400,000 Listed Price

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415 N Main, Lake Elsinore, CA, 92530 is a Multi-Family Home for sale at $1,400,000 with 3,829 sqft and a lot size of 0.31. 415 N Main is a studio with 1.0 baths and was built in 2024. The property's zip code is 92530 which is in Lake Elsinore, CA