Lake Elsinore, CA 92530,1410 Morro WAY
Lake Elsinore, CA 92530,1410 Morro WAY
Lake Elsinore, CA 92530,1410 Morro WAY
11
$2,800,000
$2,875,000
2.6%
Est.Price: ?

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0.45 Acres Lot

1410 Morro WAY Lake Elsinore, CA 92530

Est. payment /mo
SOLD DATE : 04/16/2020

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Key Details

Sold Price $2,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV20011000

Sold Date 04/16/20

HOA Y/N No

Year Built 1979

Lot Size 0.450 Acres

Property Description

The Mountain Ridge Apartments is a 16-unit apartment building located at 1410 Morro Way in the city of Lake Elsinore, CA.
Situated on a 0.45 Acre corner lot, the property is built in 1979 and has an estimated 12,435 rentable square feet. The property has a desirable unit mix 11 two bedroom / one bath units and 5 one bedroom / one bath units. In the past 2 years, 12 of the 16 units have been upgraded with the following: wood vinyl plank flooring & new carpet in the bedrooms, new gas stove & oven with microwave, updated kitchen & bathroom counter tops, new two-tone paint, baseboards and ceiling fans. In addition, each unit has Central A/C & Heat, Individual Water Heater and Copper Plumbing. The units are individually metered for gas & electric and the landlord pays for water, trash and sewer. The common area provides the tenants one large laundry room, 16 enclosed garages and 16 covered spaces. The Mountain Ridge Apartments is located adjacent to the Ortega Highway (State Route 74), connecting Lake Elsinore directly to Orange County. Said property is a rare opportunity to purchase a well-maintained property in a rapidly growing area of the Inland Empire.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning R3

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Foothills, Lake

Total Parking Spaces 32

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 381331004

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by KEVIN STRUVE • MARCUS & MILLICHAP
Bought with Brice Head • Marcus & Millichap
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agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

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