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31760 Casino Dr, Lake Elsinore, CA 92530
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31760 Casino Dr Lake Elsinore, CA 92530

$9,750,000
  • -- Beds
  • -- Baths
  • 32,000 Sq.Ft.
For Sale
$9,750,000 Get Pre-Qualified
Map preview of 31760 Casino Dr, Lake Elsinore, CA 92530

Property Overview: 31760 Casino Dr Lake Elsinore, CA has -- bedrooms, -- bathrooms, 32,000 living square feet and 109,335 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 100% OCCUPIED STABALIZED ASSET, 2/3 COUNTY OF RIVERSIDE, OTHER LONG TERM TENANTS ARE RANCHO THERAPY & RENEWAL CHURCH. LOTS OF TI'S IN ALL SPACES. SOME UPSIDE STRATEGY AVAILABLE. FREEWAY EXPOSURE AND LAKE VEIW. APPROX 32,000 USABLE SQ FOOTAGE ON 2.51 ACRES.

Listed by ROBERT ARRIETA | BRE #00997821 | ROBERT ARRIETA, BROKER
Last checked: 10 minutes ago | Last updated: January 2nd, 2024 | Source CRMLS | DOM: 655
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Home details

Lot Sq. Ft
109,335
HOA Dues
$0/mo
Year built
1980
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
IV22178899
City
Lake Elsinore
County
Riverside
Time on Site
682 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 3
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $591,042
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 31760 Casino Dr

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Property Details for 31760 Casino Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • See Remarks
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Block
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Parcel Number: 363171023
  • Year Built Source: Estimated
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 15 FRWY ADJACENT AT RAILROAD CANYON EXIT MAKE GO SOUTH, LEFT AT CASINO DR
View more facts & features

Local Lake Elsinore Agent

Sale History for 31760 Casino Dr

Last sold on December 16th, 2015

  • August, 2022

  • Aug 13, 2022

    Date

    Active

    CRMLS: IV22178899

    $9,750,000

    Price

  • August, 2021

  • Aug 31, 2021

    Date

    Expired

    CRMLS: CV21022094

    $8,286,750

    Price

  • Aug 25, 2021

    Date

    Withdrawn

    CRMLS: CV21022094

    $8,286,750

    Price

  • Mar 23, 2021

    Date

    Price Change

    CRMLS: CV21022094

    $8,286,750

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: CV21022094

    $8,450,000

    Price

  • Listing provided courtesy of CRMLS

    6% Current CAP Rate - We are proud to present Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive and also offers gated rear access to the suites, a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms. Lakeview Plaza has a strong location with freeway visibility on Interstate 15 and is located within one mile of the southeasterly shore of Lake Elsinore and several master plan residential communities including Summerly development that consists of approximately 1,979 dwelling units, several parks, recreation areas and an 18-hole golf course.

  • January, 2021

  • Jan 12, 2021

    Date

    Canceled

    CRMLS: IV20059373

    $8,450,000

    Price

  • Mar 18, 2020

    Date

    Active

    CRMLS: IV20059373

    $8,450,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2015

  • Dec 16, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2013

  • Sep 12, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 31760 Casino Dr

Assessed Value (2020): $2,666,028
Year Land Value Improved Value Assessed Value
2020 $292,256 $2,373,772 $2,666,028

Home Value Compared to the Market

This property vs the competition

31760 Casino Dr is listed 1475.15% higher than the median list price for the city of Lake Elsinore which has a median list price of $618,990. The median price per/sqft for Lake Elsinore is $302 and this home is listed at $304.69 per/sqft which puts the price per square foot 0.89% higher than the median price per square foot for the city of Lake Elsinore.

About 31760 Casino Dr

Detailed summary of property

31760 Casino Dr is a mixed use located in Lake Elsinore, CA 92530 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 32,000 living square feet, and sits on an approximately 109,335 square foot lot. 31760 Casino Dr was first listed on ArdentRealEstateGroup.com on August 13, 2022. The homeowner is currently asking $9,750,000. The median priced home in Lake Elsinore is $618,990 with a median price per square foot of $302. Based on Ardent Real Estate Group's Lake Elsinore Market Data, this home is listed 1475.15% higher than the median priced home. Local competing homes currently for sale include 3500 Chesapeake Ave, 5112 W Jefferson Blvd and 2234 W Glen Helen Rd. While the average home in Lake Elsinore, CA is selling in 49 days, 31760 Casino Dr has a days on market of 655 days. There are currently 300 homes for sale in the Lake Elsinore real estate market and 287 of them are single family homes while 11 of them are condos and 2 are townhomes. For more information on this home for sale at 31760 Casino Dr Lake Elsinore, CA 92530 contact Ardent Real Estate Group and we will put you in touch with one of our Lake Elsinore agents.

Public Facts for 31760 Casino Dr

Public county record property details
Beds
--
Baths
--
Year built
1991
Sq. Ft.
--
Lot Size
33,976
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
2
APN
363-171-023

The source for these homes facts are from public records.

92530 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$595,990
Median List Price/Sq.Ft.
$336
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$325
Total Inventory
183
Median Sale to List Price %
98.21%
Avg Days on Market
37
Loan Type
Conventional (50%), FHA (27.5%), VA (5%), Cash (5%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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