Sold for $1,300,000

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

$1,291,300 Zestimate^®

$312/sqft

$2,073 Estimated rent

Home value

$1,291,300

$1.12M - $1.48M

$2,073/mo

Zestimate^® history

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$2,073/mo

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$2,073/mo

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$8,353/mo

Est. payment

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$8,353/mo

Est. payment

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What's special

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.

Facts & 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 Report a problem
3/6/2024	Pending sale	$1,375,000$330/sqft
Source: CRMLS #SW23220906 Report a problem
3/5/2024	Listed for sale	$1,375,000$330/sqft
Source: CRMLS #SW23220906 Report a problem
2/20/2024	Pending sale	$1,375,000$330/sqft
Source: CRMLS #SW23220906 Report a problem
2/8/2024	Listed for sale	$1,375,000$330/sqft
Source: CRMLS #SW23220906 Report a problem