31502 Riverside, Lake Elsinore, CA 92530
- Added:
- Jun 28, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 29 at 2:06 am
Property Features for 31502 Riverside
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Interior features
- Tv System
- Standard status
- Active
- APN
- 379191029
- Size
- 1,776 SF
Building Details
- Year built
- 1982
- Architectural style
- Other
Listing agent Edwin Huber License #01314032 (562) 419-4942
Listing office Century 21 Masters 7827 Florence Ave, Woodland Hills, CA (562) 927-2626
Listing date Jun 28, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,776 SF freestanding commercial building plus 800 SF covered patio; built in 1982 and renovated in 2022
- Zoned CP (Commercial Professional) on Ortega Hwy just as you come into Lake Elsinor
- Includes Type 48 liquor license; seats 99 and features 10 beer taps plus 3 wells behind the bar
- Business equipment included: Touchtunes jukebox, multiple Samsung Smart TVs, and sound system with DJ set up
- Kitchen includes flat top grill, two fryers, and pizza oven
- Cap rate stated as based on market rent of $12,000/month NNN; Ringside Bar & Grill sold concurrently for $379,000
Overview
The property is listed as zoned CP (Commercial Professional). Public remarks indicate the site is located on Ortega Hwy just as you come into Lake Elsinore, providing convenient access for patrons.
A Type 48 liquor license is included with the business offering, which is described as being sold concurrently with the real estate. With the existing bar and kitchen equipment already in place, this format may appeal to an owner-user or an operator looking to take over an established, turnkey restaurant and bar operation. Sale terms note that the business must be purchased in conjunction with the real estate, which is offered separately.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $18.00 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $29.9k | $16.81 |
| − OpEx | −$7.5k | −$4.20 |
| NOI | $22.4k | $12.61 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- O'Haras Rock & Roll Tavern — 15788 Grand Ave, Lake Elsinore, CA 92530
- Rise Up Nutrition — 31737 Riverside Dr unit d, Lake Elsinore, CA 92530
- Tanners Bar — 15788 Grand Ave, Lake Elsinore, CA 92530
Location Insight
- Map
- Local Demand
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Longitude
- -117.3702461
- Latitude
- 33.6798923
