Mountain Ridge Apartments

MOUNTAIN RIDGE APARTMENTS

16 Units Located At: 1410 Morro Way, Lake Elsinore, CA 92530
Offering Memorandum

CONTENTS

Executive Summary

SECTION 1 | PAGE 5

Property Description

SECTION 2 | PAGE 9

Financial Analysis

SECTION 3 | PAGE 21

Comparable Properties

SECTION 4 | PAGE 27

Market Overview

SECTION 5 | PAGE 33

NON-ENDORSEMENT & DISCLAIMER NOTICE
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available
to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a
preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty
or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence
or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any
tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus
& Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever
regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICE
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or
imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included
for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.



4 | 1410 Morro Way, Lake Elsinore, CA 92530

Section 1

EXECUTIVE SUMMARY

OFFERING PRICE FINANCIAL DETAILS PRICE/RENTABLE SQFT

$2,875,000 ACTUAL/PRO FORMA CAP $231.20

5.45% / 5.94%

Rentable SqFt ±12,435
Number of Units 16
Current / Pro Forma NOI
Current / Pro Forma GRM $156,731 / $170,815
Actual Return / Pro Forma Return 11.88 / 11.21

8.39% / 9.79%

6 | 1410 Morro Way, Lake Elsinore, CA 92530

Marcus & Millichap is pleased to exclusively present the 16 unit Mountain HIGHLIGHTS
Ridge Apartments located at 1410 Morro Way in Lake Elsinore, CA. Built
in 1979, the property has an estimated 12,435 rentable square feet and is Current Cap Rate of 5.45% and projected
situated on a 0.45 acre corner lot. 8.39% total return with new debt

The property has a desirable unit mix of eleven two bedroom / one bath Central Air & Heating and Individual Hot Water Heaters
units and five one bedroom / one bath units. In the past 2 years, twelve 12 of the 16 units are upgraded in the past 2 Years
of the sixteen units have been upgraded with the following: wood vinyl
plank flooring & new carpet in the bedrooms, new gas stove & oven with 16 Enclosed Single - Car Garages and 16 Covered / Open Spaces
microwave, updated kitchen & bathroom counter tops, new two-tone Newer Roof & Exterior Paint and Landscaping
paint, baseboards and ceiling fans. In addition, each unit has Central Air- One Laundry Room, Lake & Mountain Views
Conditioning & Heating, Individual Water Heater and Copper Plumbing. Located next to Ortega Highway which
The units are individually metered for gas & electric and the landlord is provides direct access to Orange County
responsible for water, sewer and trash. Recent exterior upgrades include
the following: newer roof (@ 3 years old), exterior paint / trim including MOUNTAIN Ortega Highway
decks and railings, and updated landscaping. The common area provides APARTME
the tenants one large laundry room, sixteen enclosed one-car garages, RIDGE
and sixteen covered / open parking spaces. NTS

The Mountain Ridge Apartments are located adjacent to the Ortega Grand Avenue
Highway (State Route 74), connecting Lake Elsinore directly to Orange
County. An investor has an opportunity to place new debt on said
property in order to take advantage of historically low interest rates. The
Mountain Ridge Apartments present a rare opportunity to purchase a
well-maintained property in a rapidly growing area of the Inland Empire.

8 | 1410 Morro Way, Lake Elsinore, CA 92530

Section 2

PROPERTY DESCRIPTION

PROPERTY DETAILS

Leasable Area ±12,435 SF
Ownership Fee Simple
Year Built
Number of Stories 1979
Topography 2
Number of Tax Parcels
APN(s) Level
Parking 1
Parking Spaces/Ratio
Zoning 381-331-004
Number of Units 16 one-car garages & 16 open / covered spaces
Amenities
Cross Street 2 / unit
Highway Access R3, Lake Elsinore

10 | 1410 Morro Way, Lake Elsinore, CA 92530 16
On-site laundry facility
Grand Avenue & Morro Way

Ortega Highway 74



12 | 1410 Morro Way, Lake Elsinore, CA 92530

MOUNTAIN RIDGE
APARTMENTS

Adolfo’s
Mexican Food

Ortega Highway

Lake Elsinore
Market

14 | 1410 Morro Way, Lake Elsinore, CA 92530

Outlets at
Lake Elsinore

Lake Elsinore

MOUNTAIN RIDGE
APARTMENTS

Grand Avenue

MOUNTAIN RIDGE
APARTMENTS

16 | 1410 Morro Way, Lake Elsinore, CA 92530

Ortega Highway

18 | 1410 Morro Way, Lake Elsinore, CA 92530



20 | 1410 Morro Way, Lake Elsinore, CA 92530

Section 3

FINANCIAL ANALYSIS

OFFERING PRICE FINANCIAL DETAILS PRICE/RENTABLE SQFT

$2,875,000 ACTUAL/PRO FORMA CAP $231.20

5.45% / 5.94%

Rentable SqFt ±12,435
Number of Units 16
Current / Pro Forma NOI
Current / Pro Forma GRM $156,731 / $170,815
Actual Return / Pro Forma Return 11.88 / 11.21

8.39% / 9.79%

22 | 1410 Morro Way, Lake Elsinore, CA 92530

BUILDING DATA INCOME ACTUAL PER UNIT PRO FORMA PER UNIT
$241,980 $15,124 $256,500 $16,031
Address 1410 Morro Way Gross Potential Rent $141 $2,250 $141
Other Income $2,250 $15,264 $258,750 $16,172
City, State, Zip Lake Elsinore, CA 92530 Gross Potential Income $244,230 $454 $481
Less: Vacancy/Deductions 3.0% / $7,259 $14,811 3.0% / $7,695 $15,691
APN 381-331-004 Effective Gross Income $236,971 $251,055
Less: Expenses $80,240 $80,240
Rentable SqFt ±12,435 Net Operating Income $156,731 $170,815
Net Cash Flow Before Debt Service $156,731 $170,815
Number of Units 16 Debt Service $105,772 $105,772
Debt Coverage Ratio 1.61
Parcel Size 0.45 AC Net Cash Flow After Debt Service 1.48
Principal Reduction 5.06% / $50,959 6.46% / $65,043
Year Built 1979 Total Return $33,485
$33,485
FINANCIAL INDICATORS 8.39% / $84,444 9.79% / $98,528

Price $2,875,000

Down 35%; $1,006,250

Price/Unit $179,688

Price/SqFt $231.20 EXPENSES

Current Cap 5.45% ACTUAL PER UNIT PRO FORMA PER UNIT
$30,230 $1,889
Pro Forma Cap 5.94% Real Estate Taxes 1 $30,230 $1,889 $2,550 $159
$19,800 $1,238
Current GRM 11.88 Insurance $2,550 $159 $1,800 $113
$11,200 $700
Pro Forma GRM 11.21 Utilities $19,800 $1,238 $13,440 $840
$500 $31
Ownership Fee Simple Landscaping (Estimate) $1,800 $113 $720 $45
$80,240
Repairs & Maintenance 2 $11,200 $700 $5,015
$6.45
FINANCING On-Site Payroll $13,440 $840 31.96%

Loan Amount General & Administrative $500 $31
Loan Type
Interest Rate $1,868,750 Pest Control $720 $45
Amortization Proposed New
Total Expenses $80,240
3.9%
30 Years Expenses/Unit $5,015

Expenses/SF $6.45

% of EGI 33.86%

1 New property taxes: 1.0357% + special assessments of $453
2 Estimate of $700 per unit

RENT ROLL SUMMARY ACTUAL PRO FORMA
RENT/SQFT RENT/SQFT
UNIT TYPE # OF UNITS APX SQFT RENT INCOME/MO RENT $1.92 INCOME/MO
650 $1,095 - $1,195 $1.76 $5,875 $1,250 $1.65 $6,250
1 Bed 1 Bath 5 835 $1,275 - $1,345 $1.57 $1,375 $15,125
$14,290 $21,375
2 Bed 1 Bath 11 12,435 $20,165
$241,980 $256,500
Total 16

Gross Annual Rents

* 12 of the 16 units are upgraded
* Unit sizes are estimated

RENT ROLL

UNIT UNIT MIX SQFT RENT BEFORE NEW RENT CURRENT DEPOSIT MOVE IN EXPIRATION LEASE
INCREASE EFFECTIVE DATE RENT STATUS
1 1 Bed 1 Bath 650 $1,175 $1,195 $1,195 3/18/2019 9/18/2019 M-T-M
2 2 Bed 1 Bath 835 6/1/2019 $1,295 $1,295 2/23/2019 8/23/2019 M-T-M
3 2 Bed 1 Bath 835 $1,175 $1,275 $1,100 7/3/2017 1/31/2018 M-T-M
4 2 Bed 1 Bath 835 $1,200 6/1/2019 $1,275 $800 1/25/2018 7/25/2018 M-T-M
5 2 Bed 1 Bath 835 7/1/2019 $1,345 $1,345 6/21/2019 12/21/2019 Initial Term
6 2 Bed 1 Bath 835 $1,345 $2,000 7/8/2019 1/8/2020 Initial Term
7 1 Bed 1 Bath 650 $1,100 $1,100 7/13/2018 1/13/2019 M-T-M
8 1 Bed 1 Bath 650 $1,095 $1,000 10/14/2017 4/14/2018 M-T-M
9 2 Bed 1 Bath 835 $1,295 $2,590 6/14/2019 12/14/2019 Initial Term
10 2 Bed 1 Bath 835 $1,275 $795 10/1/2014 M-T-M
11 2 Bed 1 Bath 835 $1,345 $750 10/1/2014 M-T-M M-T-M
12 2 Bed 1 Bath 835 $1,295 $1,295 9/11/2018 M-T-M M-T-M
13 2 Bed 1 Bath 835 $1,295 $795 10/1/2014 3/11/2019 M-T-M
14 2 Bed 1 Bath 835 $1,345 $2,690 4/24/2019 M-T-M M-T-M
15 1 Bed 1 Bath 650 $1,195 $1,195 10/1/2018 10/24/2019 M-T-M
16 1 Bed 1 Bath 650 $1,195 $1,800 6/2/2019 4/1/2019 Initial Term
12,435 $21,745 12/2/2019
$20,165

* Unit sizes are estimated.
* Unit #11 - Manager pays $225 per month and market rent is $1,345.

Manager obtains credit of $1,120 per month, annual $13,440. To reflect on expenses.
* 12 of the 16 units are upgraded. Non-upgraded units are the following: 3,10,11 & 13
* Initial term of the leases is 6 months and then the lease converts to month-to-month tenancy.

24 | 1410 Morro Way, Lake Elsinore, CA 92530



26 | 1410 Morro Way, Lake Elsinore, CA 92530

Section 4

COMPARABLE PROPERTIES

1 Subject Property 300
2 4629 McFarland Street, Lake Elsinore, CA 92506 250
3 893-897 Rimpau Avenue, Corona, CA 92879 200
4 402-408 Sierra Vista Street, Corona, CA 92882 150
5 1215 D Street, Corona, CA 92882 100
6 33071 Santa Rosa Drive, Lake Elsinore, CA 92530
50
0

28 | 1410 Morro Way, Lake Elsinore, CA 92530

SALES COMPARABLES

PROPERTY PHOTO SUBJECT PROPERTY UNITS YEAR BUILT SF PRICE PRICE/UNIT PRICE/SF CAP RATE GRM UNIT MIX
1979 $231.20 5.45% 11.88
Mountain Ridge Apartments 16 12,435 $2,875,000 $179,688 PRICE/SF GRM 5 - 1B/1B
1410 Morro Way, YEAR BUILT $191.65 CAP RATE 13.40 11 - 2B/1B
1963 $239.55 5.00%
Lake Elsinore, CA 92530 1960 $279.72 4.40% 13.01 UNIT MIX
1986 $238.98 4.19%
PROPERTY PHOTO PROPERTY ADDRESS UNITS 1987 SF PRICE PRICE/UNIT $184.24 4.50% 9 - 1B/1B
1986 $226.83 5.65% 2 - 2B/1B
4629 McFarland Street, 11 1976 10,749 $2,060,000 $187,273
Riverside, CA 92506 11 - 1B/1B
Sale Date: 9/18/2019 4 - 2B/1B
4 - 2B/2B
893-897 Rimpau Avenue, 19 13,880 $3,325,000 $175,000
Corona, CA 92879 52
45 37,180 $10,400,000 $200,000 12.66 52 - 2B/1B
Sale Date: 7/18/2019 18
29 37,660 $9,000,000 $200,000 12.40 1 - 1B/1B
Peppertree Court Apartments 24 - 2B/1B
402-408 Sierra Vista Street, 20 - 2B/1.5B

Corona, CA 92882 17,640 $3,250,000 $180,556 11.17 18 - 2B/1.5B/Twnhs
Sale Date: 5/3/2019
Corona Garden Apartments 23,422 $5,607,000 $188,566

1215 D Street,
Corona, CA 92882
Sale Date: 8/30/2018
Santa Rosa Mountain Villas
33071 Santa Rosa Drive,
Lake Elsinore, CA 92530

In Escrow

AVERAGES

1 Subject Property 2.5
2 33071 Santa Rosa Drive, Lake Elsinore, CA 92530 2.0
3 15195 Lincoln Street, Lake Elsinore, CA 92530 1.5
4 15177 Lincoln Street, Lake Elsinore, CA 92530 1.0
5 15120 Grand Avenue, Lake Elsinore, CA 92530 0.5
6 16465 Joy Street, Lake Elsinore, CA 92530 0.0
7 100-111 S Lewis Street, Lake Elsinore, CA 92530

30 | 1410 Morro Way, Lake Elsinore, CA 92530

RENT COMPARABLES

PROPERTY PHOTO PROPERTY ADDRESS UNITS YEAR BUILT UNIT MIX SF RENT RENT/SF
PROPERTY PHOTO
Mountain Ridge Apartments 16 1979 5 - 1B/1B 650 $1,095 - $1,195 $1.68 - $1.84
1410 Morro Way, 11 - 2B/1B 835 $1,275 - $1,345 $1.53 - $1.61
UNITS YEAR BUILT
Lake Elsinore, CA 92530 UNIT MIX SF RENT RENT/SF
18 1986
PROPERTY ADDRESS 18 - 2B/1.5B/Twnhs 980 $1,395 - $1,445 $1.42 - $1.47
128 1987
Santa Rosa Mountain Villas 5 - 1B/1B 640 $1,375 $2.15
33071 Santa Rosa Drive, 80 1988 111 - 2B/1B 860 $1,540 $1.79
Lake Elsinore, CA 92530 12 - 3B/2B 1,025 $1,850 $1.80
192 1986 $1,110 $1.73
North Lake 8 - 1B/1B 640 $1,400 $1.67
15195 Lincoln Street, 32 1979 56 - 2B/1B 840 $1,450 $1.16
Lake Elsinore, CA 92530 16 - 3B/1.5B/Townhouse 1,250 $1,375 $2.05
$1,525 $1.75
Sierra Vista 50 - 1B/1B 670 $1,995 $1.86
15177 Lincoln Street, 92 - 2B/1.5B 870
Lake Elsinore, CA 92530 50 - 3B/2B 1,070 $1,100 $1.38
$1,395 $1.40
Shoreline 5 - 1B/1B 800
15120 Grand Avenue, 27 - 2B/2B 1,000 $1,400 $1.47
Lake Elsinore, CA 92530
40 1994 40 - 2B/2B 950 $1,454 $1.65
North Shore 82 1987
16465 Joy Street,
Lake Elsinore, CA 92530

Lakeview Village
100-111 S Lewis Street,
Lake Elsinore, CA 92530

AVERAGES

32 | 1410 Morro Way, Lake Elsinore, CA 92530

Section 5

MARKET OVERVIEW

LAKE ELSINORE, CA

Overview

Lake Elsinore is a city in western Riverside County, California, United States. Population Walker Canyon Trailhead
Established as a city in 1888, it is on the shore of Lake Elsinore, a natural freshwater
lake about 3,000 acres (1,200 ha) in size. The city has grown from a small resort 62,229 Median Age
town in the late 19th century and early 20th century to a population of well above
60,000 as of 2016. Lake Elsinore, originally Laguna Grande, is the largest natural 2 Year Growth 30.3
freshwater lake in Southern California and is situated at the lowest point within 3.32%
the 750-square-mile San Jacinto River watershed at the terminus of the San US Median
Jacinto River. Number of 38
Employees
Economy Median
25,937 Household
The economy of Lake Elsinore, CA employs 25.9k people. The largest
industries in Lake Elsinore, CA are Retail Trade (3,508 people), Construction 1 Year Growth Income
(3,069 people), and Health Care & Social Assistance (2,677 people), and the 4.54%
highest paying industries are Public Administration ($74,302), Wholesale $66,032
Trade ($57,548), and Manufacturing ($50,342). Median household income in
Lake Elsinore, CA is $66,032. 1 Year Growth
4.31%
34 | 1410 Morro Way, Lake Elsinore, CA 92530

POPULATION 1 MILE 3 MILES 5 MILES 2018 HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2023 Projection 5,600 41,395 71,093 $200,000 or More 2.53% 3.17% 3.57%
2018 Estimate 5,447 39,712 66,019 $150,000 - $199,999 3.35% 4.24% 5.43%
Growth 2018 - 2023 2.81% 4.24% 7.69% $100,000 - $149,999 14.10%
2000 Census 3,864 28,366 41,761 $75,000 - $99,999 12.29% 12.31% 15.13%
2010 Census 4,834 35,626 58,324 $50,000 - $74,999 15.17% 14.86%
Growth 2000 - 2010 25.59% 39.66% $35,000 - $49,999 17.00% 19.62% 18.92%
25.10% $25,000 - $34,999 11.46% 14.11% 12.98%
DAYTIME POPULATION $15,000 - $24,999 11.06% 10.99% 10.71%
2018 Estimate 2,333 27,561 47,323 $10,000 - $14,999 15.74% 9.69%
Under $9,999 4.81% 4.58% 9.12%
HOUSEHOLDS 1 MILE 3 MILES 5 MILES 6.60% 4.19%
2023 Projections 1,898 12,208 21,347 2018 Est. Average Household Income $67,386 6.43% 5.86%
2018 Estimate 1,786 11,417 19,328 2018 Est. Median Household Income $50,557 $72,114 $76,923
Growth 2018 - 2023 6.25% 6.93% 10.45% 2018 Est. Per Capita Income $22,458 $55,233 $59,016
2000 Census 1,392 8,828 13,164 $20,880 $22,674
2010 Census 1,580 10,291 17,120 2018 POPULATION PROFILE 1 MILE
Growth 2000 - 2010 16.57% 30.06% POPULATION BY AGE 3 MILES 5 MILES
13.52% 6.3%
DHeOmUoSgIrNaGphUicNOITvSerview Under 4 15.0% 7.2% 7.3%
1 MILE 3 MILES 5 MILES 5 to 14 Years 4.6% 16.3% 15.9%
Owner Occupied 15 to 17 Years 2.8% 4.9% 4.8%
PRopeunlattieonr(1Omci) cupied Avg. HH Size (1 mi) 979 6,369 1410 M1or1ro,3W6a5y 18 to 19 Years 2.9% 2.8%
Vacant 20 to 24 Years 7.3%
Avg.8A0ge7(1 mi) 5,048Med. HH Inc.7(,19m6i)3 25 to 29 Years 8.0% 7.6% 7.4%
5,788 3.32010 Average Persons Per HH 30 to 34 Years 7.5% 8.2% 8.2%
35 $48,47997 540 854 35 to 39 Years 6.4% 7.7% 7.6%
DEMOGRAPHIC RADIUS RINGS 40 to 49 Years 12.5% 7.0% 7.1%
3.14 3.37 3.34 50 to 59 Years 15.4% 13.2% 13.2%
60 to 64 Years 4.9% 12.8% 12.8%
65 to 69 Years 3.8% 4.5% 4.6%
70 to 74 Years 2.2% 3.1% 3.3%
Age 75+ 3.2% 2.0% 2.1%
Median Age 33.9 2.7% 2.9%
POPULATION BY GENDER 31.9 32.4
Male Population 50.97%
Female Population 49.03% 50.59% 50.57%
49.41% 49.43%

Source: from MM Analytics

DEMOGRAPHIC SUMMARY 1 Mile 3 Mile 5 Mile

Population

POPULATION RACE & ETHNICITY

In 2018, the population estimate in this selected geography is 66,019. In 2018, the racial makeup of this selected area was as follows: 57.8%
The 2010 Census revealed a population of 58,324 , and in 2000 it was White; 4.4% Black; 1.0% Native American; 4.3% Asian/Pacific Islander;
41,761 representing a 39.7% change. It is projected the population in this and32.5% Other. Compare these to the Entire US racial makeup which
area will be 71,093 in 2023, representing a change of 7.7% from 2018. was: 70.2% White, 12.9% Black, 1.0% Native American, 5.8% Asian/Pacific
The current population is 50.6% male and 49.4% female. In 2018A, the Islander and 10.1% Other. People of Hispanic ethnicity are counted
median age of the population in this area was 32.4 , compared to the independently of race. People of Hispanic origin make up 55.2% of
Entire US median age which was 38.0 . The population density in your the current year population in this selected area. Compare this to the
area is 840.5 people per square mile. Entire US makeup of 18.0% . Changes in the population within each race
and ethnicity category from the 2000 Census to the 2010 Census are
HOUSEHOLDS as follows: -16.2% American Indian, Eskimo, Aleut Population; 261.0%
Asian, Pacific Islander; 28.5% Black; 99.3% Hispanic Ethnicity; 85.8%
There are currently 19,328 estimated households in this selected Other; White 22.3% .
geography. The Census revealed household counts of 17,120 in 2010
and 13,164 in 2000, representing a change of 30.1% . It is projected the HOUSING
number of households in this area will be21,347 in 2023, representing
a change of 10.4% from the current year. In 2010, the average number The estimated median housing value in 2018A in this area is $291,404;
of years in residence in this geography’s population is 9.9 . The average compare this to the Entire US median of $201,842 for the same year. In
household size in this geography was 3.4 people and the average family 2010 there were 95.8% owner occupied housing units in this area vs.
size was 3.9 people. The average number of vehicles per household in 95.8% estimated in 2018A. Also in 2010, there were 0.4% renter occupied
this geography was 2.2 . housing units in this area vs. 0.4% estimated in 2018. The average rent in
2018 was $1,051 .
INCOME
EMPLOYMENT
In 2018, the median household income in this selected geography was
$59,016. Compared to the Entire US median which was $58,754 . The In 2018, there were 49,680 people over the age of 16 in the labor force in
Census revealed median household incomes of $53,893 in 2010. It is your geography. Of these 93.5% were employed, 6.4% were unemployed,
projected the median household income in this area will be $69,927 in 35.4% were not in the labor force and 0.1% were in the Armed Forces.
2023, which would represent a change of 18.5% from the current year. In In 2018A, Civilian unemployment in this area was 6.4% . In Q2 2018,
2018, the per capita income in this area was $20,646 , compared to the there were 16,824 employees in this selected area (daytime population)
Entire US per capita, which was $28,088. The 2018A average household and there were 1,524 establishments. For this area in 2018, white collar
income for this area was $22,674 , compared to the Entire US average workers made up 51.1% of the population, and those employed in blue
which was $32,356 . collar occupations made up 28.9% . Service and Farm workers made up
20.0% of the population. In 2010, the average time traveled to work was
44 minutes.

Source: from MM Analytics

36 | 1410 Morro Way, Lake Elsinore, CA 92530

Ortega Falls Downtown Lake Elsinore

38 | 1410 Morro Way, Lake Elsinore, CA 92530