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30830 Riverside — Lake Elsinore | Belmont Brokerage | Belmont Brokerage

Active

+21 more

$845,000

5 DOM

— bd— ba— sqft

Call

30830 Riverside Lake Elsinore, CA 92530

18,731sqft lot

Extensively upgraded commercial property in a high-visibility Lake Elsinore location. This well-positioned building offers modernized infrastructure with recent improvements including a new roof, updated plumbing, and upgraded electrical systems—providing a turnkey opportunity for the next owner. Located just minutes from the lake and directly across from major national retailers such as Albertsons, Starbucks, and AutoZone, the property benefits from strong daily traffic and excellent exposure. Dual access from both the main street and rear street enhances convenience and operational flexibility. The building features approximately 1,560 square feet of interior space with a versatile layout, including an open floor plan, two restrooms, and a private rear office—ideal for a variety of business uses. Property is a combination of four parcels totaling approximately 18,731 square feet, the property offers ample on-site parking and potential for expanded or alternative uses. Zoning is C 1. Previous use was as a church. Buyers are advised to verify permitted uses with the City of Lake Elsinore. Well improved and ready for immediate occupancy, this is a rare opportunity to secure a flexible commercial asset in a high-demand corridor.

MLS PW26074325

714-974-9191 (Office) 714-470-8600 (Cell) MaheshPatel23@gmail.com

Est. payment

$5,399/mo

Principal & interestTaxesInsurance

$4,273$880$246

Down %

Rate %

Years

Down payment: $169,000 · Total cost: $1,707,201

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$5,399/mo

Principal & interest: $4,273
Est. property tax: $880
Est. insurance: $246
Down payment: $169,000

Est. gross rent$3,521/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,878/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.