10-Unit Apartment
For Sale
Contact for pricing
121 S Spring St, Lake Elsinore, CA 92530
Multifamily property with established tenancy near Lake Elsinore services and recreational access.
Property SizeContact for details
Days on Market144
Property Features for 121 S Spring St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
HRE Commercial
Listed By:
Jerry Henberger · License #CA #02212290
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 12:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HRE Commercial
Investment Insights
Based on property information with market context.
Located at 121 S Spring St in Lake Elsinore, this multifamily property contains 10 units and 4,810 sf of living space within a 14,810 sf property. The asset is occupied by long-term tenants, providing an established rental operation.
The property sits two blocks from the lake and within walking distance of many services. Rents increased 9.6% effective December 1, 2023, and the reported cap rate is 6.11%.
The property sits two blocks from the lake and within walking distance of many services. Rents increased 9.6% effective December 1, 2023, and the reported cap rate is 6.11%.
Key Highlights
- 10‑unit multifamily property at 121 S Spring St, Lake Elsinore, CA 92530
- 4,810 sf of living space within a 14,810 sf property
- Long‑term tenants in place
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with established tenancy near Lake Elsinore services and recreational access.
Where is this apartment building located?
The property is located at 121 S Spring St Lake Elsinore, CA.
What are key features of this property?
This property features: 10‑unit multifamily property at 121 S Spring St, Lake Elsinore, CA 92530; 4,810 sf of living space within a 14,810 sf property; Long‑term tenants in place
