ActiveResidential · sale

16651 Marshall Avenue

Lake Elsinore, CA 92530

$799,990

  • 3 beds
  • 2 baths
  • 1,248 sq ft
  • 5.5 acres
  • Built 1971

Listed by Cal Mutual Inc · MLS #26828459

16651 Marshall Avenue, Lake Elsinore, CA 92530 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1971.

Garage parking

2 garage spaces listed.

Property size

5.5 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Major price reduction Come home to this amazing hilltop private nature resort paradise with views for miles Once owned by a famous Hollywood stuntman as his private getaway for him and his family This lovely 55 acre 13 parcel ranch has endless possibilities build multiple homes for a multigenerational family subdivide and develop into new home parcels a western themed Airbnb Ranch a great family home for those wanting to have privacy and the rural feel just outside the city or just a getaway to leave the hustle and bustle of the city forever or just create a weekend getaway like the original owner This pristine plot of land was hand selected back when they could have selected any land in the area Chosen for its amazing views of the mountains valleys and rolling hills to ride horses and simply relax Privately nestled on top of the hill surrounded by nature on all sides of 13 adjacent properties being sold together for a total of 55 acres This is the perfect home for privacy or even local tourism Airbnb due to its perfect location just far enough away yet close to Lake Elsinore shops restaurants county parks and so much nature When its time to unwind enjoy your hammock or rocking chair gazing out over the panoramic picturesque valley and mountains taken direct out of a postcard On those chilly nights enjoy sitting around the fireplace in the oversized living room Step outside and youre surrounded by the tranquil and surreal natural setting perfect for family kids farm animals or pets in your huge fenced yard over The huge BBQ pit on the back patio will be perfect for having large family gatherings One great feature is that the house has a multiple entrance driveway which would be perfect for RV or trailer parking Up top there is a corral and horse arena perfect for creating a horse ranch An added bonus is there was a new septic recently installed At this price this home is a must see and just needs a little TLC with so much more potential inside and out Lastly for the nature lovers there are tons of walking and hiking trails right out the backdoor Make this property your very own private nature resort oasis Airbnb or new housing development There are not many parcels of land left like this in the area so this beautiful place wont last long Get it before its gone
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THE NEIGHBORHOOD

Explore the location.

16651 Marshall Avenue, Lake Elsinore, CA 92530

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1971
Full baths
1
Half baths
0
Garage spaces
2
Cooling
None
Heating
Electric
Appliances
Dishwasher,Oven,Range
Flooring
Carpet
Fencing
GoatType,Masonry,Wire
Accessibility
None
Pool
No
Pool features
None
Spa
No
Zoning
R1
Parcel
378063032

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,333.29
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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16651 Marshall Avenue, Lake Elsinore, CA 92530 · MLS #26828459

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Listing information

MLS #26828459 · California Regional MLS

Listing brokerage: Cal Mutual Inc
Listing agent: Shane Dailey

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.