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$1,398,888

  • For Sale
  • Active
  • Multi-Family
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Located in the heart of Lake Elsinore's revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City's ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don't miss this rare opportunity to invest in one of Southern California's fastest-growing communities, where business meets lifestyle.

Full Property Details for 118 N Main

General

  • Price: $1,398,888
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW25237444
  • Updated: 12/1/2025
  • Days on Market: 99 days
  • Added to Site: 99 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 699 - Not Defined
  • County: Riverside
  • Development Name: 699 - Not Defined
  • Driving Directions: N. Main street and E. Graham Ave

Heating & Cooling

  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Entry Location: Ground
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1,104
  • Year Built: 1920

Unit Information

Unit 1

  • Number of Units: 1
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size Source: Assessor
  • Lot Description: Walking Street

Financial Considerations

  • Price Per Sq. Ft.: $1,267.11
  • Price Per Unit: 1398888

Listed by ReMax Sky, Olluky Lopez and ReMax Sky, Joey O'neill

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Listing agents

— 118 N Main —

  • Olluky Lopez

    ReMax Sky

  • Joey O'neill

    ReMax Sky

323-742-1823

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 118 N Main

School District:Lake Elsinore Unified School District
NameGradesDistance
Railroad Canyon Elementary School
1300 Mill Street, Lake Elsinore, CA 92530
K-51.1 mi
Elsinore Middle School
1203 West Graham Avenue, Lake Elsinore, CA 92530
6-80.8 mi
Elsinore High School
21800 Canyon Drive, Wildomar, CA 92595
9-124.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 N Main Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/01/2025
Price Reduced
$1,398,888
-6.74%
MLS
10/10/2025
Listed
$1,500,000
1575.98%
MLS
2/28/1997
Sold
$89,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 N Main

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,648
4%
$145,733
2%
2024
$1,578
1%
$142,876
2%
2023
$1,559
2%
$140,076
2%
2022
$1,530
2%
$137,330
2%
2021
$1,502
1%
$134,638
1%
2020
$1,488
2%
$133,258
2%
2019
$1,461
2%
$130,646
2%
2018
$1,434
2%
$128,085
2%
2017
$1,408
4%
$125,574
2%
2016
$1,359
1%
$123,112
2%
2015
$1,347
3%
$121,265
2%
2014
$1,304
—
$118,891
—
2013
$1,300
—
$118,355
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 118 N Main

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by ReMax Sky, Olluky Lopez and ReMax Sky, Joey O'neill

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118 N Main, Lake Elsinore, CA 92530 (MLS# DW25237444) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 118 N Main is currently listed for $1,398,888 and was received on October 10, 2025. Want to learn more about 118 N Main? Do you have questions about finding other Multi-Family real estate for sale in Lake Elsinore? You can browse all Lake Elsinore real estate or contact a Coldwell Banker agent to request more information.

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