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801 W Graham Ave, Lake Elsinore, CA 92530
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801 W Graham Ave Lake Elsinore, CA 92530

$2,300,000
  • 15 Beds
  • 12.5 Baths
  • 8,275 Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified
Map preview of 801 W Graham Ave, Lake Elsinore, CA 92530

Property Overview: 801 W Graham Ave Lake Elsinore, CA has 15 bedrooms, 12.5 bathrooms, 8,275 living square feet and 14,375 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: Fantastic income opportunity in the thriving city of Lake Elsinore! This property includes 5 brand-new units across 3 buildings—one fully detached and two pairs of attached condos. The detached unit is 1,983 sq ft (Unit #5) and the attached units are identical floor plans and are each 1,573 sq ft (Units 1-4). You can live in one unit and rent out the remaining four. Each home is designed with a primary ensuite, luxury vinyl tile, quartz countertops plus open lofts. The primary bathrooms all feature a free standing soaking tub plus a walk-in shower. Each home has custom window blinds installed. The open-concept layout seamlessly connects the kitchen, living room, and dining area. The detached unit includes a large kitchen island and a balcony off the primary bedroom. Plus, the solar system is fully owned and paid for. Positioned on a corner lot, the property offers two separate access points. Each unit can be purchased separately-attached units #1-4 for $450,000 each and detached unit #5 for $500,000. Montly HOA fees are Units #1-4 at $313.02 each and Unit#5 $355.47. Just one block from Elm Grove Beach and the stunning 3,000-acre natural lake, you'll be close to endless recreational activities. Enjoy a game with the Lake Elsinore Storm, a Minor League Baseball team affiliated with the San Diego Padres. Whether it's skydiving, hang-gliding, baseball, golf, off-road racing, motocross, fishing, boating, jet skiing, water skiing, paintball, or skateboarding—Lake Elsinore has it all. Low taxes and no Mello-Roos. Photos are of Unit #5 and Unit #4.

Listed by Sandee Hwang-Smith | BRE #01860479 | Sandee Hwang-Smith, Broker
Last checked: 11 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
14,375
HOA Dues
$1607/mo
Year built
2023
Garage
6 Car
Property Type:
Condominium
Status
Active
MLS#
IG24178554
City
Lake Elsinore
County
Riverside
Time on Site
2 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 0
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $10,800
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $165,600
  • Net Operating Income: $130,310
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $35,290
  • Trash: $0
  • Insurance: $16,000
  • Professional Management: $19,290

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Property Details for 801 W Graham Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • All Bedrooms Up, Primary Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Range Hood, Tankless Water Heater
Interior Features
  • High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting
  • Levels: Two
  • Window Features: Custom Covering, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Lake, Peek-A-Boo
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 374183022
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Has Additional Parcels
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: The Lakeshore Vista
  • Association Fee: $1,607 (Monthly)
  • Association Amenities: Management, Controlled Access
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: From Main Street turn onto W Graham Ave. Property is on corner of Lowell St and W. Graham Ave.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Lake Elsinore Agent

Sale History for 801 W Graham Ave

Last sold for $230,000 on December 16th, 2020

  • September, 2024

  • Sep 19, 2024

    Date

    Active

    CRMLS: IG24178554

    $2,300,000

    Price

  • December, 2020

  • Dec 19, 2020

    Date

    Sold

    CRMLS: SW20242411

    $230,000

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: SW20242411

    $250,000

    Price

  • Listing provided courtesy of CRMLS

    Investment Opportunity! Perfect for any builder or developer. Lake Elsinore is one of the fastest growing cities in the state of California. Lake Elsinore has a high demand for housing, easy access to major freeways and a quality labor force are driving future growth. 14,810 Square Foot Lot with approved site plans for 5 Unit Condominium Complex. Site plans are for four 1,573 square foot units and one 1,983 square foot unit. Project was designed in cooperation with the City of Lake Elsinore so completing the build out from this point should be very easy. Buy and hold or buy and resell, this property has great options! Buyer to verify all zoning, project plans and approvals with the city and/or county. All supplements provided are deemed informational.

  • December, 2020

  • Dec 19, 2020

    Date

    Sold

    CRMLS: SW20155290

    $230,000

    Price

  • Dec 15, 2020

    Date

    Pending

    CRMLS: SW20155290

    $250,000

    Price

  • Dec 1, 2020

    Date

    Active Under Contract

    CRMLS: SW20155290

    $250,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: SW20155290

    $250,000

    Price

  • Oct 8, 2020

    Date

    Active Under Contract

    CRMLS: SW20155290

    $250,000

    Price

  • Aug 4, 2020

    Date

    Active

    CRMLS: SW20155290

    $250,000

    Price

  • Listing provided courtesy of CRMLS

    Investment Opportunity! Perfect for any builder or developer. Lake Elsinore is one of the fastest growing cities in the state of California. Lake Elsinore has a high demand for housing, easy access to major freeways and a quality labor force are driving future growth. 14,810 Square Foot Lot with approved site plans for 5 Unit Condominium Complex. Site plans are for four 1,573 square foot units and one 1,983 square foot unit. Project was designed in cooperation with the City of Lake Elsinore so completing the build out from this point should be very easy. Buy and hold or buy and resell, this property has great options! Buyer to verify all zoning, project plans and approvals with the city and/or county. All supplements provided are deemed informational.

  • December, 2020

  • Dec 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $230,000

    Price

  • May, 2017

  • May 10, 2017

    Date

    Sold (Public Records)

    Public Records

    $86,500

    Price

Show More

Tax History for 801 W Graham Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $91,793 -- --

Home Value Compared to the Market

This property vs the competition

801 W Graham Ave is listed 265.66% higher than the median list price for the city of Lake Elsinore which has a median list price of $629,000. The median price per/sqft for Lake Elsinore is $299 and this home is listed at $277.95 per/sqft which puts the price per square foot 7.04% lower than the median price per square foot for the city of Lake Elsinore.

About 801 W Graham Ave

Detailed summary of property

801 W Graham Ave is a condominium located in Lake Elsinore, CA 92530 and is currently for sale. This condo offers 15 bedrooms, 12.5 bathrooms, roughly 8,275 living square feet, and sits on an approximately 14,375 square foot lot. 801 W Graham Ave was first listed on ArdentRealEstateGroup.com on September 19, 2024. The homeowner is currently asking $2,300,000. The median priced home in Lake Elsinore is $629,000 with a median price per square foot of $299. Based on Ardent Real Estate Group's Lake Elsinore Market Data, this home is listed 265.66% higher than the median priced home. Local competing homes currently for sale include 1667 Zurita Circle, 1340 Hidden Springs Dr and 3988 Shady Ridge Dr. This home does have a Homeowners Association and the monthly fee is $1,607 per month. There are currently 340 homes for sale in the Lake Elsinore real estate market and 325 of them are single family homes while 13 of them are condos and 2 are townhomes. For more information on this home for sale at 801 W Graham Ave 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 801 W Graham Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
14,810
Stories
--
Type
Residential-Vacant Land
Pool
No
Spa
No
County
Riverside
Lot#
1,2
APN
374-183-018

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
$597,999
Median List Price/Sq.Ft.
$324
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$323
Total Inventory
207
Median Sale to List Price %
102.92%
Avg Days on Market
34
Loan Type
Conventional (42.86%), FHA (41.07%), VA (5.36%), Cash (7.14%), Other (3.57%)

Tour This Home

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Lake Elsinore Agent
Call, Text or Message
(714) 706-1823

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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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