1410 Morro Way
Lake Elsinore, CA
Status:
Sold
Close of Escrow: 05/07/2014
Market Time: 5 Months
Total Number of Units: 16
Year Built: 1979
Sale Price: $1,175,000
Price per Unit: $73,438
Price per Square Foot: $95.53
CAP Rate: 7.57%
GRM: 8.04
Downpayment: $437,500
Net Operating Income: $88,997
Rentable Square Feet: 12,300
Lot Size: 0.45 Acres
Unit Type
1Bdr 1Bath
2Bdr 1Bath
No. of Units
5
11
The Mountain Ridge apartments consists of 16 apartment units. The property possesses an attractive unit mix of 5 one-bedroom units, and 11 two-bedroom units.
