18140 Grand Avenue

Lake Elsinore, CA 92530

$680,000
Last Sold Price
3
Beds
4
Baths
2,350 Sq. Ft.
$289 / Sq. Ft.
2,350
Sq. Ft.
$289
per Sq. Ft.

Description

Lake Front Property with 4 units. The lake water level has receded, but when the lake is full, the water is right in the back yard. All four units are rented and all four have been updated in the past 4 years.Lake Front Property with 4 units. The lake water level has receded, but when the lake is full, the water is right in the back yard. All four units are rented and all four have been updated in the past 4 years.
  1. Listed by Kurt Tiedt • DRE #01167589 • Brokerage DRE #01255385 • Titan Real Est.& Investments

Property Details for 18140 Grand Avenue

Parking Spaces Total
8
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Estimated
Living Area
2350
Assessor Parcel Number
371-120-007

Location

Listing Courtesy of Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

Sold By Merit Capital Group Inc, Theresa Bernabe, DRE #01378271

Add your commute
LISTING UPDATED: 10/31/2021 04:43 AM

Property Details for 18140 Grand Avenue

StatusClosed
MLS #IG21105789
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size1.80 AC / 78,408 SF
CountyRiverside County

Location

Listing Courtesy of Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

Sold By Merit Capital Group Inc, Theresa Bernabe, DRE #01378271

Add your commute

Building Information for 18140 Grand Avenue

Stories1Residences-Year Built1948Building Size-Lot Size1.80 AC / 78,408 SF

Payment Calculator

$4,311 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,711

Property Taxes

$600

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18140 Grand Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $51,900
  • Gross Scheduled Income: $51,900
  • Vacancy Allowance Rate: 1
  • Gross Operating Income: $51,381
  • Net Operating Income: $34,200
  • Financing: Conventional
Expense Details
  • Operating Expense: $17,700
  • New Taxes Expense: $7,000
  • Fuel Expense: $0
  • Electric Expense: $2,400
  • Insurance Expense: $2,000
  • Trash Expense: $2,700
  • Water Sewer Expense: $3,600
  • Total Expenses: $17,700
Tax / Assessment Info
  • Tax Tract Number: 1111
  • Tax Census Tract: 464.02
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $725
  • Unit Type Total Rent: $725
  • Unit Type Pro Forma: 800
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Range: 4

Property History for 18140 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18140 Grand Avenue

Taxable ValueLand$387,600Additions$306,000Total$693,600
Tax Record2023$7,205 ($600 / month)
Home Facts
Baths3Total Finished SqFt308 SqFtAbove Grade Finished SqFt308 SqFtStories1Lot Size78,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningMIXCountyRIVERSIDEAPN371-120-007

Schools near 18140 Grand Avenue

This home is within Lake Elsinore Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lakeland Village School
PublicK to 8

Canyon Lake Middle School
Public6 to 8

Lakeside High School
Public9 to 12

Ortega High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.