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111 S Lindsay St 4 Unit Apartment Building $1,254,285 CAD ($313,571 CAD/Unit) 6.97% Cap Rate Lake Elsinore, CA 92530
Investment Highlights
- Quadruplex offering four individual units
- Features newer roof and updates
- Located near Lake Elsinore waterfront
- Includes on-site coin laundry facility
Executive Summary
The quadruplex at 111 S Lindsay St, Lake Elsinore, CA 92530 presents an attractive investment opportunity in the heart of Old Town Lake Elsinore. Built in 1917 and offering approximately 2,310 square feet of living space, the property consists of four well-maintained one-bedroom, one-bathroom units. Each residence delivers steady tenant appeal supported by an ideal central location, just moments from Main Beach, public boating access, and local recreation areas.
This multi-family asset includes an on-site laundry room equipped with Speed Queen coin-operated machines, generating additional income potential. Exterior improvements highlight low-maintenance features such as artificial turf, decorative rock accents, hardscaping, and a newer roof. A rear parking lot accommodates up to five vehicles, with space for a potential sixth spot, providing convenience for residents. The property also benefits from a solar lease, enhancing energy efficiency and reducing operational costs.
Positioned near shopping, dining, and Lake Elsinore’s vibrant waterfront, this quadruplex appeals to investors seeking long-term value with in-place income and the potential for consistent tenancy. Its blend of historical character and practical upgrades ensures strong marketability for years ahead.
This multi-family asset includes an on-site laundry room equipped with Speed Queen coin-operated machines, generating additional income potential. Exterior improvements highlight low-maintenance features such as artificial turf, decorative rock accents, hardscaping, and a newer roof. A rear parking lot accommodates up to five vehicles, with space for a potential sixth spot, providing convenience for residents. The property also benefits from a solar lease, enhancing energy efficiency and reducing operational costs.
Positioned near shopping, dining, and Lake Elsinore’s vibrant waterfront, this quadruplex appeals to investors seeking long-term value with in-place income and the potential for consistent tenancy. Its blend of historical character and practical upgrades ensures strong marketability for years ahead.
Property Facts
| Price | $1,254,285 CAD | Property Type | Multifamily |
| Price Per Unit | $313,571 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.97% | Building Size | 2,310 SF |
| Gross Rent Multiplier | 11.66 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1917 |
| Zoning | R2 - Multi-Family | ||
| Price | $1,254,285 CAD |
| Price Per Unit | $313,571 CAD |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| Gross Rent Multiplier | 11.66 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.20 AC |
| Building Size | 2,310 SF |
| No. Stories | 1 |
| Year Built | 1917 |
| Zoning | R2 - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,454 CAD | 405 - 750 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 374-242-013 | Improvements Assessment | $658,445 CAD |
| Land Assessment | $117,915 CAD | Total Assessment | $776,360 CAD |
Property Taxes
Parcel Number
374-242-013
Land Assessment
$117,915 CAD
Improvements Assessment
$658,445 CAD
Total Assessment
$776,360 CAD
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111 S Lindsay St
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