John E Burge

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111 S South Lindsay StreetLake Elsinore, CA 92530

Multi-Family · 2,310 Sq. ft. | 0.20 Acres
$999,000 Active

111 S South Lindsay Street Overview

Time on Site:
7 days
Visits:
0

Investor opportunity in the heart of Old Town Lake Elsinore, near main Street. This well maintained fourplex features four 1 bedroom, 1-bathroom units and is ideally located just moments from Main Beach, the public boat ramp, nearby baseball fields, public library, post office. The property offers strong tenant appeal with dedicated on-site laundry room equipped with Speed Queen coin-operated washer and dryer, providing additional income potential. Exterior improvements include attractive low maintenance landscaping with artificial turf, decorative rock, concrete hardscaping, and a newer roof. The rear parking area features a concrete parking lot with five designated spaces and room for a sixth vehicle. Additional highlights include a Tesla solar lease and a highly desirable location near recreation, shopping, dining and the Lake Elsinore Waterfront. All information contained herein is deemed reliable but not guaranteed. Buyers and Buyers agent are advised to independently verify all information, including but not limited to square footage, lot size, zoning, permits, property condition and any other matters affecting the property. Seller and listing broker make no representations or warranties, expressed or implied, as to the accuracy of information provided. Buyer is advised to conduct their own due diligence and investigations to their satisfaction prior to the close of escrow. Listing agent is the owner of the property. Electricity, water and gas are on 1 meter. Cap rate is 6.37%. GRM 11.5

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111 S South Lindsay Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,310
  • Price/Sq.ft. $432
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Green Features

  • Green Energy Generation: Solar

Income/Expenses

  • Electric Expense: 7800.0
  • Gardener Expense: 1200.0
  • Gross Income: 600.0
  • Gross Scheduled Income: 86916.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 5000.0
  • Net Operating Income: 61188.0
  • Operating Expense: 23412.0
  • Trash Expense: 1092.0
  • Water Sewer Expense: 4800.0

Listing Information

  • Contingency: No

Building Information

  • New Construction: No
  • Year Built: 1917

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: SRCAR - Southwest Riverside County
  • Postal City: LAKE ELSINORE

Community/Development

  • Community Features: Street Lights

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas,Water

General Information

  • Listing Terms: 1031 Exchange
  • Parcel Number: 374242013
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 2310.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Gas Cooktop,Gas Oven,Water Heater
  • Basement: Yes
  • Common Walls: 2+ Common Walls
  • Door Features: Storm Door(s)
  • Electric: Standard
  • Entry Level: 1
  • Entry Location: Front
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate,Vinyl
  • Foundation Details: Raised
  • Interior Features: Laminate Counters,All Bedrooms Down
  • Laundry Features: Common Area
  • Levels: One
  • Security Features: Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 5.0
  • Parking Total: 5.0

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Size Area: 8712.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes
    • Roof: Asphalt

    General Information

    • Fencing: Chain Link,Vinyl
    • Number Of Units Leased: 4
    • Number Of Units Total: 4
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Electricity Connected,Sewer Connected,Water Connected

    111 S South Lindsay Street Neighborhood

    Community

    92530 (Lake Elsinore) Demographics

    32
    Median Age
    950
    Population Density (per sq. mile)
    23%
    College Educated
    $64,270
    Estimated Median Income
    9,642
    Estimated Total Home Owners
    5,368
    Estimated Total Renters
    64% / 36%
    Estimated Owner / Renter Divide
    4
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    111 S South Lindsay Street Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    111 S South Lindsay Street Market Data

    Based on the last 30 days in this zip code

    $628,279
    Average List Price
    $335
    Average Price per Square Foot
    43
    Properties Sold
    77
    Average Days on Market
    491
    Properties for Sale
    Calculations provided by Reliance Network

    111 S South Lindsay Street History

    Date Event Value Agent
    6/22/2026Source: CRMLS Added to Database
    June 22, 2026
    Listing provided courtesy of BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTYCHRISTINE SMITH- MLS# IV26135897MLS ProviderContact Information: [email protected] - 951-363-0002
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