31760 Casino Drive

Lake Elsinore, CA 92530

$9,440,000
Price
Beds
32,000 Sq. Ft.
$295 / Sq. Ft.
32,000
Sq. Ft.
$295
per Sq. Ft.

Description

100% occupied stabalized asset, 2/3 county of riverside, other long term tenants are rancho therapy & renewal church. Lots of ti's in all spaces. Some upside strategy available. Freeway exposure and lake veiw. Approx 32,000 usable sq footage on 2.51 acres.100% occupied stabalized asset, 2/3 county of riverside, other long term tenants are rancho therapy & renewal church. Lots of ti's in all spaces. Some upside strategy available. Freeway exposure and lake veiw. Approx 32,000 usable sq footage on 2.51 acres.
  1. Listed by ROBERT ARRIETA • DRE #00997821 • Brokerage DRE #00997821 • ROBERT ARRIETA, BROKER • 951-892-5963

Property Details for 31760 Casino Drive

Office Class
B
Lot Size Source
Estimated
Building Area Total
32000
Building Area Units
Square Feet
Parcel Number
363171023
Area
Southwest Riverside County (SRCAR)
Directions
15 FRWY ADJACENT AT RAILROAD CANYON EXIT MAKE GO SOUTH, LEFT AT CASINO DR
LISTING UPDATED: 10/28/2024 04:31 AM

Property Details for 31760 Casino Drive

StatusActive
MLS #IV22178899
Days on Market862
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1980
Lot Size2.51 AC / 109,335 SF
CountyRiverside County

Building Information for 31760 Casino Drive

Stories-Residences-Year Built1980Lot Size2.51 AC / 109,335 SF

Property Information for 31760 Casino Drive

Income / Expense / Tax Details
Income Details
  • Net Operating Income: $591,042
  • Cap Rate: 6.0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Roof: Flat
  • Fence: Yes
  • Fencing: Block
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 363171022,363171024,363171012,363171013,363171014
  • Lot Features: Near Public Transit
  • Land Use: Office, Retail
  • Topography: flat
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit Information
  • Number Of Units Leased: 3
  • Number Of Buildings: 1

Property History for 31760 Casino Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 31760 Casino Drive

Taxable ValueLand$313,355Additions$2,545,162Total$2,858,517
Tax Record2024$29,747 ($2,479 / month)
Home Facts
Total Finished SqFt16,390 SqFtAbove Grade Finished SqFt16,390 SqFtStories1Lot Size33,976 SqFtStyleShopping CenterYear Built1989ZoningC2CountyRIVERSIDEAPN363-171-023

Schools near 31760 Casino Drive

This home is within Lake Elsinore Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Railroad Canyon Elementary School
PublicK to 5

Elsinore Middle School
Public6 to 8

Elsinore High School
Public9 to 12

Keith Mccarthy Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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31760 Casino Drive is a mixed use property for sale in Lake Elsinore, CA 92530. This property was listed for sale on August 13, 2022 by ROBERT ARRIETA, BROKER, it's currently listed at $9,440,000. This listing's school district is Lake Elsinore Unified School District. Nearby schools include Railroad Canyon Elementary School, Elsinore Middle School and Elsinore High School. 31760 Casino Drive is a 0-bed, 0-bath, 32,000 sqft mixed use property built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ROBERT ARRIETA, BROKER, ROBERT ARRIETA, DRE #00997821

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.