Calling ALL INVESTORS!!!!! EXCELLENT CAP Rate. Great opportunity in downtown Lake Elsinore, walking distance to all restaurants and grocery stores. Fully occupied with long term tenants and waiting list for new arrivals if needed. Property consists of (1) 2 bed 1 bath, (1) 1 bed 1 bath and 8 studios. Onsite laundry and 1 car garage for maintanance. Onsite parking for 10+ cars and opportunity to add additional units and garages if desired.
Sold for $1,300,000 on 04/11/24
Listing Provided by:
Kris Hansen DRE #01878656 951-551-6434,
Coldwell Banker Assoc.Brks-CL,
Leif Hansen DRE #01882844,
Coldwell Banker Assoc.Brkr-Mur
Bought with: Ameristar Real Estate Inv.
$1,300,000
121 S Spring St, Lake Elsinore, CA 92530
110beds
100baths
4,167sqft
Multi Family
Built in 1945
-- sqft lot
$1,239,100 Zestimate®
$312/sqft
$1,855 Estimated rent
Home value
$1,239,100
$1.10M - $1.38M
$1,855/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 11, 2024 at 08:47pm
Listing Provided by:
Kris Hansen DRE #01878656 951-551-6434,
Coldwell Banker Assoc.Brks-CL,
Leif Hansen DRE #01882844,
Coldwell Banker Assoc.Brkr-Mur
Bought with:
Jasdeep Kochar, DRE #01701084
Ameristar Real Estate Inv.
Source: CRMLS,MLS#: SW23220906
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 110
- Bathrooms: 100
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Laundry Room
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,167
- Total interior livable area: 4,167 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 0.34 Acres
- Features: Level, Near Park, Rectangular Lot
Details
- Parcel number: 374261004
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Lake, Sidewalks, Park
Location
- Region: Lake Elsinore
HOA & financial
Other financial information
- Total actual rent: 117840
Other
Other facts
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2024 | Sold | $1,300,000-5.5%$312/sqft |
Source:  CRMLS #SW23220906 | ||
| 3/6/2024 | Pending sale | $1,375,000$330/sqft |
Source: CRMLS #SW23220906 | ||
| 3/5/2024 | Listed for sale | $1,375,000$330/sqft |
Source: CRMLS #SW23220906 | ||
| 2/20/2024 | Pending sale | $1,375,000$330/sqft |
Source: CRMLS #SW23220906 | ||
| 2/8/2024 | Listed for sale | $1,375,000$330/sqft |
Source: CRMLS #SW23220906 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92530
Nearby schools
GreatSchools rating
- 4/10Elsinore Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Elsinore Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Temescal Canyon High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$1,239,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,239,100