$880,000
-$1,400,000411 N Main, Lake Elsinore CA 92530
Multi-Family (3 Units)
Property type
179 days
On market
$314
Price per sqft
0 cars
Garage
1923
Year built
13,517 sqft
Lot size
Open Houses
Overview
Exceptional 3-unit multifamily property offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major...
Listing provided by: Jose Marin DRE #01753895 951-657-4400, Marin Realty Group
Listing updated: Mar 25, 2026 at 08:57pm.
Last checked: Jun 5, 2026 at 01:01am
Source: CRMLS #SW25271898
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,795 | $1,795 | $2,100 | Unfurnished |
| 1 | 2 | 1 | — | $1,995 | $1,995 | $2,100 | Unfurnished |
| 1 | 2 | 1 | — | $2,370 | $2,370 | $2,370 | Unfurnished |
# of Buildings: 3
# of Units Total: 3
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: No
Units Leased: 7
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.5x
List Price / Annual Gross Rent
Cap Rate
6.71%
NOI / List Price
Gross Scheduled Income: $70,620
Operating Expense: $11,600
Net Operating Income: $59,020
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $3,500
Professional Management: $3,600
Trash: $2,400
Water / Sewer: $2,100
Interior
Cooling: Wall Window Units
Heating: None
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Architectural Style: Bungalow, Cottage
Property Attached: No
Stories Total: 1
Levels: One
Roof: Shingle
Foundation: Raised, Slab
Common Walls: No Common Walls
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 374063012
Additional Parcels: No
Tax Lot: 15
Tax Block: 83
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 411 N Main, Lake Elsinore, CA 92530. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$704,000
Total Interest
$897,913
Total Payment
$1,601,913
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,516
per month
Property History for 411 N Main
Lake Elsinore Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92530.
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